Israeli cyber firm Cato Networks raises $238 mln, valued at $3 bln

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Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel's largest this year and Cato's biggest, was led by LightSpeed Venture Partners, with the participation of Adams Street Partners, Softbank Vision Fund 2, Sixty Degree Capital and Singtel Innov8. Cato said it would use the new funds to broaden its audience and expand its engineering and product team.
 
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