Funding round
Cato Networks Series G
Cato Networks, which works in SASE platform development in Tel Aviv-Yafo, raised $359M in a Series G round announced on 30 Jun 2025, led by Vitruvian Partners and ION Asset Management, at a $4.80B post-money valuation. 5 firms took part, 3 of them already investors. It is Cato Networks' eighth venture round on record; the one before was a Growth in Sep 2023.
$359M
Amount raised
$4.80B
Post-money valuation
5
Investors
2 leads
1.6x
Step-up from the Growth
$3.00B in Sep 2023
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cato Networks at $4.80B after the new money, 1.6 times the $3.00B of its Growth (Sep 2023). The $359M bought investors about 7.5% of the company. It came 21 months after Cato Networks' Growth. It is 32% of the $1.11B Cato Networks has raised in the venture rounds on record. No later venture round is on record for Cato Networks.
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 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 this round 30 Jun 2025, led by Vitruvian Partners and ION Asset Management $359M$4.80B post-money
Investors
Who put money in
Vitruvian Partners and ION Asset Management led the round with 3 other firms. Lightspeed Venture Partners, Acrew Capital and Adams Street Partners had backed Cato Networks before.
Lead investors
- backs 27 venture-backed companies new investor
- backs 8 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- backs 97 venture-backed companies existing investor
- Adams Street Partners 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $248M, and this round was 1.4 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Rippling Tech Companies | 9 May 2025 | $450M | $16.80B | not named |
| Addepar Tech Companies | 13 May 2025 | $230M | $3.25B | Vitruvian Partners and WestCap |
| Rebel Foods Tech Companies | 22 Apr 2025 | $25M | $1.61B | not named |
| ThoughtSpot Tech Companies | 13 Oct 2025 | $248M | $4.20B | Lightspeed and Khosla Ventures |
| Clio Tech Companies | 10 Nov 2025 | $500M | $5.00B | New Enterprise Associates |
| Anthropic Tech Companies | 12 Feb 2026 | $30.00B | $380.00B | GIC and Coatue |
| EGYM Tech Companies | 24 Sep 2024 | $200M | $1.20B | L Catterton and Meritech Capital |
| Tech Companies | 14 Aug 2024 | $9.9M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Cato Networks raise in its Series G round?
Cato Networks raised $359M in its Series G round, announced in Jun 2025.
Who led Cato Networks' Series G round?
Vitruvian Partners and ION Asset Management led it, with Lightspeed Venture Partners, Acrew Capital and Adams Street Partners.
What was Cato Networks' valuation at the Series G round?
$4.80B post-money.
How does it compare with other Series G rounds in Tech Companies?
9 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $248M, and this round was 1.4 times the median.