Singtel Innov8 was among the returning investors in a round that pushed the networking security technology provider's valuation above $1.1bn.
Israel-headquartered network security software provider Cato Networks secured $130m on Wednesday from investors including Singtel Innov8, the corporate venturing arm of telecoms firm Singapore Telecommunications.
Venture capital firm Lightspeed Venture Partners led the round, which included investment manager Coatue, Greylock, Acrew Capital and its Aspect Ventures predecessor and Cato co-founder Shlomo Kramer. It valued the company at $1bn pre-money.
Cato has developed secure access service edge (SASE) technology that combines IT networking and security on a single platform. The round…
