Swisscom Ventures, the venture capital arm of Swisscom, has invested an undisclosed sum in Cato Networks, the Secure Access Service Edge (SASE) platform provider. Cato design products for communication service providers. It has automated SASE provisioning and monitoring with the Cloud API to enable CSPs to integrate Cato into their service portfolio.
In October, Cato raised USD 200 million at a valuation of USD 2.5 billion, in a funding round led by Lightspeed Venture Partners with the participation of existing investors Greylock, Aspect Ventures/Acrew Capital, Coatue, Singtel Innov8, and Shlomo Kramer. Cato will use the cash to grow sales, technology, and business activities overall. It runs a global cloud service spanning more than 65 PoPs worldwide.
