Tag Archive for: Valuation

Report: Fireblocks valuation to surge to $8 billion in $400 million Series E | Ctech – CTech



Report: Fireblocks valuation to surge to $8 billion in $400 million Series E | Ctech  CTech

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Israeli Cybersecurity Firm Cato Networks Raises $200M At A Valuation Of $2.5B


Israeli cybersecurity firm Cato Networks announced its latest funding round on Tuesday, raising $200 million at a market valuation of $2.5 billion.

The round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Acrew Capital, Coatue, Singtel Innov8, and Shlomo Kramer.

The company said the new funds will fuel Cato’s sales, technology, and business growth to further support the security and global networking needs of large enterprises.   

Founded in 2015 by Shlomo Kramer, also the co-founder of cybertech giant Check Point, and Gur Shatz, Cato has developed what is considered the world’s first SASE platform. SASE, which stands for Secure Access Service Edge (SASE), has been promoted for computer security in wide area networks by delivering both as a cloud computing service directly to the source of connection rather than a data center.

Cato Networks develops network security-as-a-service, integrating secure web gateway, firewall-as-a-service, advanced threat protection, next-generation firewall, and secure, global SD-WAN (software-defined WAN) into a single, cloud service called Cato Cloud.

“Cato is at the forefront of SASE transformation,” said Kramer, also the company’s current CEO, “Large enterprises are deploying Cato as their global network to reap the operational and business benefits of Cato’s proven and mature SASE platform. Cato is rapidly expanding its service capabilities, global footprint, and sales and marketing teams, while preserving our unique DNA of agility, simplicity, and ease of doing business that is so valued by customers and partners.”

Cato has said over 300 enterprises worldwide rely on the company to connect and secure their corporate networks. The company has offices in Singapore and the US, in addition to Israel.

The company’s last funding round raised $130 million at an over $1 billion valuation in November 2020, securing the company’s position as a unicorn, or private company worth over $1 billion.

“Cato has seen an amazing adoption of its SASE platform by increasingly larger enterprises,” said Yoni Cheifetz, a partner at Lightspeed Venture Partners. “What started as disruptive innovation…

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Global Botnet Detection Market valuation anticipated to boost during the forecast period – The Manomet Current


Botnet Detection

The worldwide Botnet Detection market 2021 study is a comprehensive document that supports and facilitates the assessment of all aspects of the Botnet Detection market. It provides a picture of the Botnet Detection market’s foundation and framework, as well as the market’s positive and restrictive factors for global and regional growth. It examines numerous producers, syndicates, organisations, suppliers, and industries in the Botnet Detection industry to determine the present state of the market.

In addition, the worldwide Botnet Detection market 2021 research includes valuable data on segmentation, distribution networks, projected growth patterns, monetary and commercial terms, and a slew of other key aspects pertaining to the Botnet Detection market. The research also contains detailed information on the two most important Botnet Detection market segments: {Cloud, On-premises} and {Website Security, Mobile Security, Others}.

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Furthermore, the study provides crucial information about the major Botnet Detection market competitors who compete on a local and global scale. The following is a list of significant participants, as well as developing players, in terms of production sales, procurement, earnings, and after-sales services: Webroot, SolarWinds, ShieldSquare, GeeTest, DataDome, Imperva, Distil Networks, Kasada, Shieldsquare, Unbotify, InfiSecure, Anti-Bot Service, Akamai Technologies, Perimeterx, Zenedge (Oracle), Reblaze

By segmenting the worldwide Botnet Detection market, the global market research paper systematically describes the market evolution trend. Key elements on which market growth is expressly reliant are one of the most essential aspects addressed by the researchers in the Botnet Detection market analysis. The factors affecting market actors vary by region, resulting in the study being segmented into several sectors.

The following aspects are given with full analysis from the Botnet Detection market research reports:

Production Analysis – The beginning of this Botnet Detection is examined…

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Fireblocks raises $310 million at $2 billion valuation


Israeli cryptocurrency security company Fireblocks, which develops a secure platform for the transfer of digital assets, announced on Tuesday that it has raised $310 million in Series D funding at a $2 billion valuation. The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X, the venture arm of Thailand’s oldest bank, Siam Commercial Bank, whose investment marks the third global bank to invest in Fireblocks alongside BNY Mellon and SVB Capital.

 

Fireblocks raised $133 million in Series C just four months ago. Calcalist revealed in June that the company was being sued for the loss of $75 million worth in cryptocurrency Ether.

 

Fireblocks co-founders. Photo: Yulia Nar Fireblocks co-founders. Photo: Yulia Nar

 

Fireblocks co-founder and CEO Michael Shaulov told Calcalist that “the legal proceedings had no effect on the funding round as, with all due respect to their lawsuit, it is clear to me what the result will be.” Shaulov, who sold his previous startup Lacoon to Check Point six years ago, added with a smile that “Gil Shwed won’t be buying us this time.”

 

Most of the funding will enter the company’s accounts, but part of it has been allocated for secondary deals, with the company allowing employees to sell some of their shares.

 

Shaulov told Calcalist that the round had one main important goal which was to send a message to the market that Fireblocks is an independent company and is here to stay. “Over the past year, there have been many mergers in our sector which added anxiety to the market. PayPal bought an Israeli company and one of our other competitors was also acquired. This funding round is a very important message for the market that we are not for sale. There aren’t many players in the market that can currently acquire us. We want to show everybody that we have a lot of money. The institutions with which we work like to cooperate with organizations that have a lot of money.”

 

Shaulov also added that “we will recruit more people to our team which helps financial institutions enter this new world. This is a new team that helps traditional players enter the crypto world. We are growing at a crazy rate. We have 500 clients today compared to…

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