Cato Networks, provider of software-defined and cloud-based network with built-in enterprise security, announced that it has raised $30M in a series B funding round led by by Greylock Partners, with participation from Singtel Innov8 and its existing investors. The company has secured $20 million in a series A round in June 2015.
The funding will allow Cato Networks to offer its cloud-based network security as a service (NSaaS) solution, the Cato Cloud, to the global market, bringing the cloud's transformative power to networking and security.
Cato Cloud enables elimination of distributed networking and security appliances, and helps to reduce MPLS connectivity costs by dynamically offloading internet and WAN traffic to affordable and resilient internet links. It allows direct access to the internet at all remote locations, without deploying a dedicated on-premise network security stack and the ability to leverage an affordable, low-latency and global WAN between enterprise locations.
In addition, Cato Cloud enables enforcement of a unified policy across remote locations, mobile users, and physical and cloud infrastructure without using multiple point solutionsStrengthened security posture with an agile, scalable and adaptable network security platform.
Jeremy D'Hoinne, a Gartner analyst
Firewall as a service (FWaaS) is a firewall delivered as a cloud-based service or hybrid solution (that is, cloud plus on-premises appliances). The promise of FWaaS is to provide simpler and more-flexible architecture by leveraging centralized policy management, multiple enterprise firewall features and traffic tunneling to partially or fully move security inspections to a cloud infrastructure.
Shlomo Kramer, co-founder and CEO of Cato Networks
Cato offers a totally new way to cut the cost and complexity of legacy, on-premise networking and security solutions by delivering them as a holistic, agile and scalable cloud service. We aim to strengthen security posture with an agile network security platform that can scale to support any business need and rapidly adapt to emerging threats.
