Cato Networks, valued at $3B, lands $238M ahead of its anticipated IPO

Cato Networks, the Tel Aviv-based startup that packages software-defined networking, managed cybersecurity and global backbone services into a single offering, today announced that it raised $238 million in an equity investment that values the company at over $3 billion. LightSpeed Venture Partners led the round with participation from Adams Street Partners, Softbank Vision Fund 2,…