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New Deal


Announced

Completed

Lightspeed Venture Partners led a $130m funding round in Cato Networks.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Israel

Software

Completed

Private Equity

enterprise networking

Minority

Acquisition

cybersecurity

Private

Cross Border

Friendly

Venture Capital

Single Bidder

Synopsis

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Investment firm Lightspeed Venture Partners led a $130m funding round in Cato Networks, the provider of the world’s first SASE platform, with participation from Coatue, Greylock, Aspect Ventures, Acrew Capital, Singtel, Innov8, and Shlomo Kramer. "SASE is the hottest area in IT, and this funding round further attests to Cato’s leadership of the SASE market. Only the Cato Cloud was built from the ground up as a converged and cloud-based global SASE service," Shlomo Kramer, Cato Networks CEO and Co-Founder.

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