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…

Fernando Moncada Rivera

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