Cato Networks

Emerging

Tel Aviv SASE pioneer (founded 2015, Check Point co-founder) at $300M+ ARR (Sep 2025) and $4.8B valuation (Series G Jun 2025); first acquisition Aim Security AI Sep 2025 competing with Palo Alto Prisma SASE and Zscaler.

Company Overview

About Cato Networks

Cato Networks is a Tel Aviv, Israel-based SASE (Secure Access Service Edge) network security company — having raised over $1 billion in total funding including a Series G round in June 2025 at a $4.8 billion valuation — providing enterprises with a converged SD-WAN, network security (firewall, CASB, DLP, ZTNA), and XDR platform delivered as a cloud-native service from a global Points of Presence (PoPs) network. Founded in 2015 by CEO Shlomo Kramer (co-founder of Check Point Software, pioneer of the commercial firewall in 1993, and founder of Imperva in 2002) and President Gur Shatz (co-founder of Incapsula, cloud web application security), the company defined the SASE category before Gartner formally named it in 2019. Cato surpassed $250 million in ARR in 2024 (+46% year-over-year growth) and reached $300+ million ARR by September 2025, serving 3,500+ enterprises across 190 countries with 50,000 connected sites and 1.5 million remote users protected by zero trust network access (ZTNA). In September 2025, Cato completed its first acquisition — Aim Security — to expand AI security capabilities for enterprise AI agent adoption.

Business Model & Competitive Advantage

Cato's single-vendor SASE platform addresses the network and security sprawl problem that enterprise IT teams face when managing separate MPLS circuits, SD-WAN appliances, next-gen firewalls, cloud access security brokers (CASB), and DLP tools from different vendors: a 500-employee enterprise with 20 branch offices, 300 remote workers, and SaaS/cloud infrastructure manages 5-7 separate network and security tools with different consoles, different log formats, and integration gaps that create blind spots where threats evade detection by moving between tool boundaries. Cato's single-platform architecture (routing all traffic — branch, cloud, and remote — through Cato's PoP network where a unified security stack inspects all flows with consistent policy) eliminates the integration overhead while enabling policy changes to propagate globally in seconds rather than the days required for appliance-by-appliance configuration changes.

Competitive Landscape 2025–2026

In 2025, Cato Networks competes in the enterprise SASE, SD-WAN, and network security market with Palo Alto Networks Prisma SASE (NASDAQ: PANW, $8.2B revenue), Zscaler (NASDAQ: ZS, cloud security leader, $2.4B revenue), and Cisco Secure Access (NASDAQ: CSCO, SASE platform) for enterprise network transformation contracts driven by SD-WAN refresh cycles and remote work security requirements. The $4.8B Series G valuation (June 2025) with $1B+ total raised reflects investor conviction in Cato's SASE market leadership and IPO trajectory. The Aim Security acquisition (September 2025) adds AI security capabilities — detecting and securing enterprise AI agent traffic, public AI application usage, and private AI deployments — addressing the emerging enterprise security use case of controlling AI tool adoption without blocking productivity. The 2025 strategy focuses on expanding enterprise wallet share through XDR, EPP, and IoT/OT security add-ons, growing the MSSP (Managed SASE) channel, and preparing for a potential IPO.

Founded
2015
Headquarters
Tel Aviv, Israel
Revenue
$300M
Curated content • Fact-checked and verified

The Cato Networks Story

Founded in 2015
Tel Aviv, Israel
Founded by Shlomo Kramer, Gur Shatz

Founders

Shlomo KramerGur Shatz
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Company Timeline

Major milestones in Cato Networks's journey

14
Total Events
6
Funding Rounds
1
Acquisitions
4
Product Launches
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Leadership Team

Meet the leaders behind Cato Networks

Shlomo Kramer

Co-Founder and CEO

Shlomo Kramer is a legendary figure in network security, having co-founded Check Point Software Technologies in 1993, which pioneered the first commercial firewall, and Imperva in 2002. He was named 2024 Security Executive of the Year by SC Media for his leadership of Cato Networks.

Gur Shatz

Co-Founder

Gur Shatz brings extensive networking and cloud security expertise from his role as co-founder and CEO of Incapsula, a cloud-based web application security and acceleration company that was later acquired.

Nick Fan

Chief Revenue Officer

Nick Fan directs Cato's global sales and channel organizations, driving the company's rapid growth to over 3,500 enterprise customers and $300M+ in annual recurring revenue.

Frank Rauch

Global Channel Chief

Frank Rauch leads Cato's channel strategy and was named on the Top 100 Executives for 2024 list from CRN, recognizing his impact on the company's partner ecosystem.

Tomer Wald

Chief Finance Officer

Tomer Wald oversees Cato's financial operations as the company scales to $300M+ ARR and manages over $1 billion in raised capital.

Alon Alter

Chief Business Officer

Alon Alter leads business development and strategic initiatives as Cato Networks expands its SASE platform capabilities and global market presence.

Eyal Waldman

Board Member

Eyal Waldman is chairman of Waldo Holdings and former CEO of Mellanox Technologies. He joined Cato's board in October 2024, bringing extensive technology leadership experience.

Gili Iohan

Board Member

Gili Iohan is general partner at ION Crossover Partners and former CFO of Varonis. He joined Cato's board in October 2024, contributing financial and strategic expertise.

Open Positions

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Key Differentiators

Emerging Innovator

Cato Networks is an emerging player bringing innovative solutions to the Infrastructure market.

Growth Stage

Cato Networks has achieved $300M in revenue, demonstrating strong product-market fit.

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