Cato Networks in talks to raise $300M at $4.5B valuation as IPO window narrows

Here’s a structured breakdown of the information regarding Cato Networks:

Company Overview

• Startup: Cato Networks
• Founded: 2015
• CEO/Co-Founder: Shlomo Kramer

Recent Funding Round

• Fundraising Amount: $300 million
  • Primary Capital: $150 million
  • Secondary Share Sales: $150 million
• Pre-Money Valuation: $4.5 billion
• Last Funding Round: September 2023
  • Valuation: $3 billion

Notable Metrics

• Annual Recurring Revenue (ARR) in 2024: Over $250 million (46% YoY growth)
• Active Users: More than 3,000 enterprises using the platform

Previous Funding Round (2023)

• Amount Raised: $238 million
• Lead Investor: LightSpeed Venture Partners
• Other Investors:
  • Adams Street Partners
  • SoftBank Vision Fund 2
  • Sixty Degree Capital
  • Singtel Innov8

Potential IPO Situation

• Market Context: Many tech companies delaying IPOs due to market volatility.
• Cato’s Position: Currently focusing on private fundraising amid impressive growth metrics, with considerations for a future public listing.

Board Members

• Current Board Member: Gili Iohan (CFO Alum of Varonis)
• Recent Board Appointment: Eyal Waldman (Founder of Mellanox)

This summary encapsulates the key aspects of Cato Networks, including its funding history, leadership, and market context.

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2025-04-08 22:14:21