Israel's Cato networks raises $359 million, valued at more than $4.8 billion

Israeli cybersecurity firm Cato Networks said on Monday it raised $359 million in a late stage private funding round that it said values the company at more than $4.8 billion.

New investors, including Vitruvian Partners and ION Crossover Partners, as well as existing investors, including Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners, participated in the financing round.

The latest investment brings the total funding raised to more than $1 billion, the company said, saying its mission is to "redefine enterprise security for the digital and AI era."