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TechChanging Face of Security

This Israeli Security Software Maker Just Raised $30 Million

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Reuters
Reuters
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By
Reuters
Reuters
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September 13, 2016, 1:31 PM ET
A man surfs the internet in Beijing on J
A man surfs the internet in Beijing on June 15, 2009. The designers of controversial Internet filtering software that China has ordered shipped with all new computers said they were trying to fix security glitches in the programme in the latest blow to the plan to include the filtering software with all PCs sold in China from July 1, which has been criticised overseas and even in China as a bid at mass censorship and a threat to personal privacy. Researchers at the University of Michigan who examined the software last week said it contained serious security vulnerabilities that could allow outside parties to take control of computers running it via remote access. Chinese authorities have a history of blocking sites that feature porn or politically unacceptable subjects such as the brutal crackdown on Tiananmen pro-democracy protests in 1989 and the banned spiritual group Falungong. AFP PHOTO / Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)Photo by Frederic J. Brown—AFP via Getty Images

Cato Networks, an Israeli provider of cloud-based network security, said on Tuesday it raised $30 million in a funding round led by Greylock Partners.

Singtel Innov8, the venture capital arm of Singtel, and existing investors U.S. Venture Partners, Aspect Ventures, and company founders Shlomo Kramer and Gur Shatz also participated in the round.

Cato raised $20 million in June 2015, with the company saying there is a growing realization that the cloud will alter the way enterprises address networking and security.

The funds will allow it to accelerate customer adoption of networking and security in the cloud, it said.

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Cato’s software connects the elements of an enterprise network—branch locations, mobile users, and data centers—into an encrypted network in the cloud.

Kramer, a former member of the Israeli military’s elite 8200 technology unit, co-founded Check Point Software Technologies—Israel’s largest network security firm—and Imperva, another cyber-security company.

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