Cato Networks grew ARR 46% to more than $250m in 2024

Tel Aviv, Israel – Cato Networks, the SASE leader, announced that its 2024 annual recurring revenue (ARR) surpassed $250 million, an increase of 46% compared to 2023. Today, more than 3,000 businesses have adopted the Cato SASE Cloud Platform to transform the way their organizations connect and secure their global operations.  

“The market has spoken, and the era of cobbled-together security solutions is over,” said Shlomo Kramer, co-founder and CEO at Cato Networks. “With our 46% growth to more than $250 million ARR in 2024, we believe we have the highest ARR growth at scale in the SASE and network security categories. Our expansion to 3,000+ customers proves that enterprises of all sizes are ready to break free from legacy infrastructure.”  

“We’re not just taking share,” continued Kramer. “We’re redefining how organizations connect and secure their operations, as AI and cloud transform the security landscape.”  

2024 Business Highlights  

• Cato announced five major expansions of the Cato SASE Cloud Platform in 2024, allowing for greater consolidation of networking and security capabilities for customers.  
  • Cato XDR and Cato EPP in January, Cato MSASE in June, Cato DEM in October, and Cato IoT/OT Security in December.  

• Cato was named a Leader in the 2024 Gartner® Magic Quadrant™ for Single-Vendor SASE.  

• Cato debuted on the 2024 Forbes Cloud 100, an annual ranking of the top 100 private cloud companies in the world.  

• Cato expanded its Board of Directors with the addition of two industry leaders.  
  • Eyal Waldman, chairman of Waldo Holdings and former CEO of Mellanox Technologies.  
  • Gili Iohan, general partner at ION Crossover Partners and former CFO of Varonis. 

• Kramer was named the 2024 Security Executive of the Year by SC Media.   

• Cato was named to the 2025 Fortune Cyber 60 for a second consecutive year, an annual list of the top 60 startups that offer enterprise-grade cybersecurity solutions. 

• Cato opened the doors to its new global headquarters in Tel Aviv and a new research and development (R&D) center in Prague.