Israeli Cyber Firm Cato Raises Funds at $3 Billion Valuation

Cybersecurity company Cato Networks said it raised $238 million from investors at a valuation of more than $3 billion, in one of the largest funding rounds in Israel this year.

The round was led by Lightspeed Venture Partners, Tel Aviv-based Cato said in a statement on Tuesday. Adams Street Partners, SoftBank Vision Fund 2, Sixty Degree Capital, and Singtel Innov8 also participated.

Fundraising for Israeli tech startups is improving after a sharp slowdown in the first half, when investment fell to the lowest since 2018. Cato’s round highlights the sector’s resilience despite global economic headwinds and eight months of protests ...