Singtel Innov8 reinvested in the enterprise networking technology provider in a Lightspeed Venture Partners-led round valuing it at $2.5bn.

Israel-headquartered network security provider Cato Networks received $200m yesterday from investors including telecommunications company Singapore Telecommunications’ corporate venturing unit, Singtel Innov8, at a valuation of $2.5bn.

Venture capital firm Lightspeed Venture Partners led the round and was joined by Greylock Partners, Aspect Ventures, Acrew Capital, Coatue Management and Cato Network’s co-founder and chief executive, Shlomo Kramer.

Founded in 2015, Cato provides secure access service edge (SASE) technology that lets users access stored data across the globe, including on cloud and…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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