Globes - Israel Business News·3 min read·medium
Cato Networks annual recurring revenue exceeds $415m
M
Meytal Vaizberg
✦AI Summary
Israeli cybersecurity firm Cato Networks has surpassed $415 million in annual recurring revenue, marking a 42% year-over-year growth. The company is reportedly considering a potential IPO as it expands its AI-driven security offerings.
Israeli cybersecurity company Cato Networks reports that it has crossed the $415 million mark in annual recurring revenue (ARR). The company said that this represented growth of 42% compared with the previous year. This latest figure continues the trend the company reported in February, when ARR was $350 million after 43% annual growth.
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