Funding round
Cato Networks Series A
Cato Networks, which works in SASE platform development in Tel Aviv-Yafo, raised $20M in a Series A round announced on 27 Oct 2015, led by US Venture Partners and Aspect Ventures. 2 firms took part. It is Cato Networks' first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Cato Networks did not disclose a valuation in this round. It is Cato Networks' first venture round on record, in the year it was founded (2015). It is 1.8% of the $1.11B Cato Networks has raised in the venture rounds on record. Cato Networks raised again 11 months later: a Series B round of $30M in Sep 2016. 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 this round 27 Oct 2015, led by US Venture Partners and Aspect Ventures $20M
- Series B 22 Sep 2016, led by Greylock Partners $30M
- Growth 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
US Venture Partners and Aspect Ventures led the round.
Lead investors
- backs 61 venture-backed companies new investor
- backs 33 venture-backed companies new investor
Joined the board: Steve Krausz (U.S. Venture Partners) and Theresia Gouw (Aspect Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
423 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.7M, and this round was 3.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Oct 2015 | $49M | not disclosed | Spectrum Equity |
| Tech Companies | 26 Oct 2015 | $33M | not disclosed | Trident Capital |
| Tech Companies | 15 Oct 2015 | $20M | not disclosed | not named |
| Canva Tech Companies | 6 Oct 2015 | $15M | $165M | Felicis |
| Tech Companies | 14 Oct 2015 | $14M | not disclosed | RRE Ventures |
| Tech Companies | 28 Oct 2015 | $11M | not disclosed | Battery Ventures |
| Tech Companies | 20 Oct 2015 | $9.5M | not disclosed | Khosla Ventures |
| Tech Companies | 27 Oct 2015 | $9.2M | not disclosed | Mayfield |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cato Networks raise in its Series A round?
Cato Networks raised $20M in its Series A round, announced in Oct 2015.
Who led Cato Networks' Series A round?
US Venture Partners and Aspect Ventures led it.
What was Cato Networks' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
423 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.7M, and this round was 3.0 times the median.
Did Cato Networks raise again after this round?
Yes: a Series B round in Sep 2016 of $30M.