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

Tel Aviv -based Cato Networks has raised $238 million in an equity investment that values the company at over $3 billion .

The startup packages software-defined networking, managed cybersecurity and global backbone services into a single offering.

Cato 's product boils down to a cloud-based mesh that lets businesses connect to network resources regardless of where they are.

Cato maintains a database of all the metadata of network flows from every device and customer connected to its cloud.