Tel Aviv-based Cato Networks announced Tuesday morning that it’s secured a $20 million series A round.
Cato is vowing to shake up the security sector “from the ground up to the cloud,” but the company won’t officially launch until February. About all we know at this point is that Cato’s platform will include a software-based, cloud-based network security as-a-service element.
Cato’s first round of financing was led by Steve Krausz, general partner at U.S. Venture Partners (USVP), and Theresia Gouw, founder of Aspect Ventures. Both will join Cato Networks’ board of directors.
Cato says it will use the funding to support its go-to-market strategy as well as hire additional employees.
The company was founded in December by CEO Shlomo Kramer and CTO Gur Shatz, both of whom contributed seed money. Kramer was a founder of Check Point Software, and later a founder and CEO of Imperva. Shatz was the co-founder and CEO of Incapsula.