Security News > 2020 > November > Secure Access Service Edge Provider Cato Networks Raises $130 Million
Secure Access Service Edge provider Cato Networks has raised $130 million in a Series E funding round led by Lightspeed Venture Partners with a new investor, Coatue, and existing investors, Greylock, Aspect Ventures / Acrew Capital, Singtel Innov8, and Shlomo Kramer.
"Be wary of vendors that propose to deliver services by linking a large number of features via VM service chaining, especially when the products come from a number of acquisitions or partnerships. This approach may speed time to market but will result in inconsistent services, poor manageability and high latency."
"Only the Cato Cloud was built from the ground up as a converged and cloud-based global SASE service," claims co-founder and CEO Shlomo Kramer.
"Our software monitors the carrier networks and selects the optimum path for every packet. The result is that customers get a highly reliable, predictable network at a fraction of the price of MPLS.".
Each POP contains Cato's own distributed cloud-native software stack, ensuring secure access to the network from any edge device.