Cato Networks, a start-up based in Tel Aviv, Israel, announced $20 million in Series A funding for its rethinking of network security.
Cato Networks is developing a new Network Security as a Service (NSaaS) platform for the distributed, mobile and Cloud-based enterprise. The solution will be available to the general public in the first half 2016, and the company is currently accepting beta customers.
The company was founded by Shlomo Kramer and Gur Shatz, who had bootstrapped the company until now. Kramer is one of the founding fathers of network security, best known for introducing the first firewall to the market as a co-founder of Check Point Software, and later the first web application firewall as a founder and CEO of Imperva. Shatz brings an extensive background in Cloud-based web applications security and acceleration. Previously, he was the co-founder and CEO of Incapsula. With Cato Networks, Kramer and Shatz are creating the next big chapter in the evolution of network security.
“Cato Networks has identified a cloud-based approach for businesses to address the challenge of network security complexity, which opens up organizations to attacks as hackers can slip through the cracks of misconfigurations and software vulnerabilities,” said Steve Krausz, general partner at USVP. “Shlomo Kramer has already had a major impact on the shape of network security, and we see the potential for Cato Networks to represent the next major paradigm shift.”
The financing was led by Steve Krausz, general partner at U.S. Venture Partners (USVP), and Theresia Gouw, founder of Aspect Ventures.
