Funding round
Cato Networks Series B
Cato Networks, which works in SASE platform development in Tel Aviv-Yafo, raised $30M in a Series B round announced on 22 Sep 2016, led by Greylock Partners. 4 firms took part. It is Cato Networks' second venture round on record; the one before was a Series A in Oct 2015.
$30M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Cato Networks did not disclose a valuation in this round. It came 11 months after Cato Networks' Series A. It is 2.7% of the $1.11B Cato Networks has raised in the venture rounds on record. Cato Networks raised again 28 months later: a Growth round of $55M in Jan 2019. 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 this round 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
Greylock Partners led the round with 3 other firms.
Lead investor
- Greylock Partners backs 190 venture-backed companies new investor
Also in the round
- Singtel Innov8 new investor
- backs 61 venture-backed companies new investor
- backs 33 venture-backed companies new 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
306 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 2.0 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Sep 2016 | $20M | not disclosed | Evolution Media Partners |
| Tech Companies | 28 Sep 2016 | $16M | not disclosed | General Catalyst |
| Tech Companies | 21 Sep 2016 | $16M | not disclosed | Battery Ventures |
| Tech Companies | 14 Sep 2016 | $12M | not disclosed | Level Equity |
| Tech Companies | 8 Sep 2016 | $12M | not disclosed | Intel Capital |
| Tech Companies | 13 Sep 2016 | $10M | not disclosed | Signal Peak Ventures |
| Tech Companies | 29 Sep 2016 | $4.3M | not disclosed | Route 66 Ventures and Grotech Ventures |
| Tech Companies | 28 Sep 2016 | undisclosed | not disclosed | Hubert Burda Media |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Cato Networks raise in its Series B round?
Cato Networks raised $30M in its Series B round, announced in Sep 2016.
Who led Cato Networks' Series B round?
Greylock Partners led it, with Singtel Innov8, US Venture Partners and Aspect Ventures.
What was Cato Networks' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
306 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 2.0 times the median.
Did Cato Networks raise again after this round?
Yes: a Growth round in Jan 2019 of $55M.