Funding round
Cato Networks Growth
Reported as "Growth Equity"
Cato Networks, which works in SASE platform development in Tel Aviv-Yafo, raised $55M in a Growth round announced on 29 Jan 2019, led by Lightspeed Venture Partners. 5 firms took part, 4 of them already investors. It is Cato Networks' third venture round on record; the one before was a Series B in Sep 2016.
$55M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Cato Networks did not disclose a valuation in this round. It came 28 months after Cato Networks' Series B. It is 5.0% of the $1.11B Cato Networks has raised in the venture rounds on record. Cato Networks raised again 15 months later: a Growth round of $77M in Apr 2020. Its next priced round, a Series E in Nov 2020, valued it at $1.00B.
Cato Networks' funding rounds
Cato Networks has 8 venture rounds on record. This one is highlighted.
- Series A 27 Oct 2015, led by US Venture Partners and Aspect Ventures $20M
- Series B 22 Sep 2016, led by Greylock Partners $30M
- Growth this round 29 Jan 2019, led by Lightspeed Venture Partners $55M
- Growth 7 Apr 2020, led by Lightspeed Venture Partners $77M
- Series E 17 Nov 2020, led by Lightspeed Venture Partners $130M$1.00B post-money
- Growth 19 Oct 2021, led by Lightspeed Venture Partners $200M$2.50B post-money
- Growth 19 Sep 2023, led by Lightspeed Venture Partners $238M$3.00B post-money
- Series G 30 Jun 2025, led by Vitruvian Partners and ION Asset Management $359M$4.80B post-money
Investors
Who put money in
Lightspeed Venture Partners led the round with 4 other firms. Aspect Ventures, Greylock Partners, Singtel Innov8 and US Venture Partners had backed Cato Networks before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- backs 33 venture-backed companies existing investor
- Greylock Partners backs 190 venture-backed companies existing investor
- Singtel Innov8 existing investor
- backs 61 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
218 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Jan 2019 | $1.50B | not disclosed | not named |
| Verily Tech Companies | 3 Jan 2019 | $1.00B | not disclosed | Silver Lake |
| Tech Companies | 8 Jan 2019 | $200M | not disclosed | K1 Investment Management |
| Vena Tech Companies | 9 Jan 2019 | $115M | not disclosed | JMI Equity |
| Tech Companies | 25 Jan 2019 | $105M | not disclosed | Accel-KKR |
| Keyfactor Tech Companies | 22 Jan 2019 | $77M | not disclosed | Insight Partners |
| Tech Companies | 9 Jan 2019 | $60M | not disclosed | Insight Partners |
| Tech Companies | 9 Jan 2019 | $40M | not disclosed | JMI Equity |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Cato Networks raise in its Growth round?
Cato Networks raised $55M in its Growth round, announced in Jan 2019.
Who led Cato Networks' Growth round?
Lightspeed Venture Partners led it, with Aspect Ventures, Greylock Partners, Singtel Innov8 and US Venture Partners.
What was Cato Networks' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
218 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.3 times the median.
Did Cato Networks raise again after this round?
Yes: a Growth round in Apr 2020 of $77M.