Connect to MCP

ClaudeChatGPTClaude Code (CLI)CursorVS Code

Cato Networks Revenue, Valuation, Funding & Investors

Cato Networks is valued at $4.8B as of June 2025, a 19.2x revenue multiple. Cato Networks revenue was $250M, as disclosed with its latest round.

See full Cato Networks profile

Last Cato Networks valuation

$4.8B

Series G · Jun 2025

Last Cato Networks funding round

$409M

Series G · Jun 2025

Cato Networks revenue

$250M

Series G · Jun 2025

Key investors in Cato Networks

  • Lightspeed Venture Partners
  • Singtel Innov8
  • Aspect Ventures
  • Greylock
  • Shlomo Kramer
  • U.S. Venture Partners

Cato Networks Overview

About Cato Networks

Cato Networks is a Tel Aviv company that sells a cloud-native secure access service edge platform combining wide-area networking and network security in one subscription service. It was founded in 2015 by Shlomo Kramer, a co-founder of Check Point Software and Imperva, and Gur Shatz, a co-founder of Incapsula. The platform runs on a private global backbone of points of presence and replaces branch firewalls, routers, proxies and private circuits for enterprise customers, which it reaches through channel partners and managed service providers. Kramer serves as chief executive. The company has raised more than 1 billion dollars from investors including Lightspeed, Vitruvian Partners, ION Crossover Partners, Adams Street, Greylock and Coatue, and was valued at more than 4.8 billion dollars in June 2025. In September 2025 it made its first acquisition, the AI security company Aim Security. Cato reported annual recurring revenue of 250 million dollars at the end of 2024.

Founded

2015

HQ

IsraelTel Aviv

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$250M (Jun 2025)

Valuation

$4.8B (Jun 2025)

Sectors

CybersecurityNetwork ManagementCloud InfrastructureB2B SaaSHorizontal SaaS

Cato Networks Valuation

Cato Networks is currently valued at $4.8B, based on its Series G in June 2025. Read the announcement ↗

The $409M round was led by ION Crossover Partners and Vitruvian Partners, with participation from Acrew Capital, Adams Street Partners and Lightspeed Venture Partners.

Cato Networks' valuation has grown 4.8x from $1B at its Series E in November 2020 to $4.8B in June 2025, across 4 priced rounds.

Cato Networks valuation by funding round

Revenue multiple
Cato Networks valuation by funding round
DateStageValuationRevenue Multiple
Jun 2025Series G$4.8B19.2x
Sep 2023Undisclosed stage$3B30.0x
Oct 2021Series F$2.5B-
Nov 2020Series E$1B-

Cato Networks Revenue

Cato Networks' latest recorded revenue is $250M, as of its Series G in June 2025. At a $4.8B valuation, that implies a 19.2x revenue multiple.

Revenue grew from $100M in September 2023 to $250M in June 2025, while the revenue multiple moved from 30.0x to 19.2x.

Cato Networks revenue by funding round

Cato Networks revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2025$250M$4.8B19.2xSeries G
Sep 2023$100M$3B30.0xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Cato Networks Funding History

Cato Networks has raised a total of $1.2B across 8 funding rounds.

Cato Networks' first fundraising round was a $20M Series A in October 2015. The most recent completed round was a $409M Series G in June 2025.

Cato Networks funding rounds

Cato Networks funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2025Series GION Crossover Partners (lead); Vitruvian Partners (lead); Acrew Capital; Adams Street Partners; Lightspeed Venture Partners$409M$4.8BCato Networks is a SASE (Secure Access Service Edge) leader providing a cloud-native platform that converges enterprise networking and security, including SD-WAN, global private backbone, and advanced threat prevention for connecting users, sites, and resources to applications securely from anywhere. Founded in 2015 by Shlomo Kramer (co-founder of Check Point and Imperva) and Gur Shatz, the company employs about 1,400 people, half in Israel, and has raised over $1.1 billion total funding to date. Cato Networks announced its first acquisition of AI security startup Aim Security in September 2025 to integrate advanced AI protection into its SASE Cloud Platform, enabling secure enterprise adoption of AI agents and applications amid the AI transformation. In June 2025, Cato Networks raised $359 million in its Series G round led by ION Crossover Partners and Vitruvian Partners, at a $4.8 billion valuation, followed by an additional $50 million extension from Acrew Capital (with participation from Adams Street Partners and Lightspeed Venture Partners implied in the round), bringing the total to $409 million on the same terms and valuation. The funding supports expansion, including covering the Aim Security acquisition estimated at $300-350 million. No specific use of funds beyond M&A and general growth was detailed. As of September 2025 announcements, Cato surpassed $300 million in annual recurring revenue (ARR), up 20% from $250 million at end-2024, reflecting strong traction in the SASE market where it was named a leader in Gartner's 2025 Magic Quadrant. The company aims for a Nasdaq IPO but requires sustained revenue growth above $300 million and profitability. Aim Security, founded in 2022 by Unit 8200 veterans, had raised $28 million from YL Ventures and Canaan before the exit. Cato positions itself as the primary control point for AI interactions via SASE, replacing legacy infrastructure with a modular, open architecture. The acquisition adds capabilities to detect threats, anomalous access, and data breaches in AI environments, aligning with rapid enterprise AI adoption.
Sep 2023Undisclosed stageLightspeed Venture Partners (lead); Adams Street Partners; Sixty Degree Capital; SoftBank Group; Singtel Innov8$238M$3BCato Networks, headquartered in Tel Aviv, Israel and founded in 2015 by Gur Shatz and Shlomo Kramer, is a cybersecurity and software-defined networking company providing a single-vendor Secure Access Service Edge (SASE) platform. The platform enables organizations to securely connect to network resources from anywhere in the world, combining networking, managed cybersecurity, and global backbone services into one integrated offering. On September 19, 2023, Cato Networks announced the completion of a $238 million Series D+ equity financing round, bringing total capital raised to $773 million. The round was led by LightSpeed Venture Partners with participation from Adams Street Partners, SoftBank Vision Fund 2, Sixty Degree Capital, and Singtel Innov8, valuing the company at over $3 billion. This represented an uptick from the company's previous valuation of $2.5 billion following a $200 million round in October 2021. Following the round, Ravi Mhatre, founder and managing director of LightSpeed Venture Partners, joined Cato's board of directors. By the time of the funding round, Cato had achieved significant traction with over 1,800 enterprise customers including Carlsberg and the TAG Heuer Porsche Formula E team using the platform's security and networking infrastructure. The company reported Annual Recurring Revenue (ARR) exceeding $100 million in 2022, with year-over-year revenue growth of 60 percent. Cato planned to use the new funds to expand customer success delivery, grow its partner ecosystem offering managed SASE services, and increase its engineering and product team from approximately 800 employees to over 900 by year-end 2023. The funding round came shortly after Cato earned recognition as a ZTE/SASE Leader by Forrester Research and a Challenger in Gartner's Magic Quadrant for Single-vendor SASE, with CEO Shlomo Kramer previously indicating the company's intent to pursue an initial public offering within approximately one year of the funding announcement.
Oct 2021Series FLightspeed Venture Partners (lead); Swisscom Ventures (lead); Acrew Capital; Shlomo Kramer; Singtel Innov8; Aspect Ventures; Greylock; Coatue$200M$2.5BCato Networks, founded in 2015 by Shlomo Kramer (CEO, co-founder of Check Point and Imperva) and Gur Shatz (President and COO, co-founder of Incapsula), provides the world's first SASE platform, converging networking and security services including SD-WAN, NGFW, SWG, CASB, and ZTNA into a global cloud-native service spanning over 65 PoPs in more than 190 countries. The company targets enterprises for WAN transformation, secure remote access, work-from-home, and multicloud connectivity, emphasizing radical simplicity and operating efficiency for CSP partners. In October 2021, Cato Networks raised $200 million in a Series F round, achieving a post-money valuation of $2.5 billion, as announced in December 2021 alongside a strategic follow-on investment from Swisscom Ventures (tens of millions). Lightspeed Venture Partners co-led the round with Swisscom Ventures, with participation from Acrew Capital, Aspect Ventures, Coatue, Greylock, Lightspeed Venture Partners, Shlomo Kramer, Singtel Innov8, and others. This brought total funding to approximately $532 million prior to the Swisscom addition, supporting plans to recruit hundreds of employees in Israel, growing headcount to 500 in 2021. By late 2021, Cato had nearly 100% year-over-year revenue growth, over 1,100 organizations deployed managing 300,000 remote users, 92% increase in deal registrations, and 41% rise in channel partners. The round underscored surging CSP interest in SASE amid market convergence. Later traction showed 2.2K+ enterprise customers by 2023 and $250M+ ARR by 2024.
Nov 2020Series ELightspeed Venture Partners (lead); Acrew Capital; Shlomo Kramer; Singtel Innov8; Aspect Ventures; Greylock; Coatue$130M$1BCato Networks announced on 17 November 2020 a $130 million round, its largest to date, at a valuation of over $1 billion, which made it a unicorn. Lightspeed Venture Partners led the round and Coatue joined as a new investor, with existing investors Greylock, Aspect Ventures and Acrew Capital, Singtel Innov8 and Shlomo Kramer participating. The round brought total funding to $332 million. Cato, founded in 2015 by Shlomo Kramer and Gur Shatz and based in Tel Aviv, provides a cloud-native secure access service edge platform that converges SD-WAN, network security and zero trust access into one global service built on its own network of points of presence. The company said it would use the funds to extend its position in the SASE market and expand its technology and go-to-market organisation.
Apr 2020Series DLightspeed Venture Partners (lead); Shlomo Kramer; Singtel Innov8; Aspect Ventures; U.S. Venture Partners; Greylock$77M-Cato Networks announced on 7 April 2020 an investment of $77 million led by Lightspeed Venture Partners, its largest round to that date. Existing investors including Greylock Partners, Aspect Ventures, U.S. Venture Partners and Singtel Innov8 took part, and the company described itself as the provider of the world's first SASE platform. The round followed a $55 million Series C in January 2019. Cato, founded in 2015 by Shlomo Kramer and Gur Shatz and based in Tel Aviv, runs a cloud-native service that converges wide-area networking and network security, delivered through a global network of points of presence. The financing was meant to support growth in the emerging secure access service edge market, customer expansion and further platform development.
Jan 2019Series CLightspeed Venture Partners (lead); Shlomo Kramer; Singtel Innov8; Aspect Ventures; Gur Shatz; U.S. Venture Partners; Greylock$55M-Cato Networks announced on 29 January 2019 an investment of $55 million led by Lightspeed Venture Partners, which joined as a new investor alongside existing backers Aspect Ventures, Greylock Partners, Singtel Innov8 and U.S. Venture Partners and the founders. The round brought total funding to date to about $100 million and was described by the company as supporting accelerating bookings. Cato, founded in 2015 by Shlomo Kramer and Gur Shatz and based in Tel Aviv, runs a cloud-native network that combines wide-area networking and network security as one service, connecting offices, mobile users and cloud resources through a global backbone of points of presence. The company positioned the service as a replacement for branch appliances, firewalls and private circuits. The funds were to be used for sales and marketing expansion, partner programmes and further development of the platform.
Sep 2016Series BGreylock (lead); Shlomo Kramer; Singtel Innov8; Aspect Ventures; Gur Shatz; U.S. Venture Partners$30M-Cato Networks, the Tel Aviv-based cloud network security company founded by Shlomo Kramer and Gur Shatz, raised a $30 million Series B round in September 2016. Greylock Partners led the round, with participation from Singtel Innov8, existing investors U.S. Venture Partners and Aspect Ventures, and the founders Kramer and Shatz. The financing followed a $20 million Series A in October 2015 and came shortly after the company launched its service. Kramer co-founded Check Point Software and Imperva, and Shatz co-founded Incapsula. Cato builds a cloud-native network that combines wide-area networking and network security in one managed service, aimed at replacing branch-office appliances and private circuits for enterprises. The new capital was intended to extend the company's global footprint of points of presence and its sales and engineering teams.
Oct 2015Series AAspect Ventures (lead); U.S. Venture Partners (lead)$20M-Cato Networks is a cybersecurity company founded in December 2014 by Shlomo Kramer and Gur Shatz that builds cloud-based network security and wide-area network solutions. Kramer is a veteran entrepreneur who co-founded Check Point Software and later founded and led Imperva before selling it to Thoma Bravo for $2.1 billion. Shatz previously co-founded and led Incapsula, a cloud security company. Together they are creating Network Security as a Service (NSaaS) and Secure Access Service Edge (SASE) platforms designed to replace traditional on-premises security infrastructure with cloud-based solutions. In October 2015, Cato Networks raised $20 million in Series A funding led by Steve Krausz at U.S. Venture Partners (USVP) and Theresia Gouw at Aspect Ventures, both of whom joined the company's board. The capital was intended to support go-to-market strategy and talent acquisition. At the time of the Series A round, the company had not yet officially launched (scheduled for February 2016) and had bootstrapped operations until the funding round. Over the subsequent decade, Cato Networks grew significantly, reaching $350 million in annual revenue run rate by 2025 with 43% year-over-year growth, serving over 4,000 organizations worldwide. The company raised approximately $1 billion total across multiple funding rounds, with major investors including Lightspeed Venture Partners, ION Crossover Partners, Vitruvian Partners, and Adams Street Partners. In summer 2025, Cato raised $409 million at approximately $5 billion valuation, though IPO plans announced in 2024 were subsequently postponed due to market conditions and concerns about AI-driven disruption in the cybersecurity sector.

Who has invested in Cato Networks?

15 investors have backed Cato Networks across its funding rounds, including Lightspeed Venture Partners, Singtel Innov8, Aspect Ventures, Greylock, Shlomo Kramer and U.S. Venture Partners.

Lead investors include ION Crossover Partners, Vitruvian Partners, Lightspeed Venture Partners, Swisscom Ventures, Greylock and 2 other investors.

Cato Networks Investors

Investors in Cato Networks by funding rounds participated
InvestorHQRoundsRoleFirst check
Singtel Innov8SingaporeSingapore6ParticipantSep 2016
Aspect VenturesUnited StatesSan Francisco, CA6LeadOct 2015
Lightspeed Venture PartnersUnited StatesSan Francisco, CA6LeadJan 2019
Shlomo KramerIsraelTel Aviv5ParticipantSep 2016
GreylockUnited StatesMenlo Park, CA5LeadSep 2016
U.S. Venture PartnersUnited StatesMenlo Park, CA4LeadOct 2015
Acrew CapitalUnited StatesSan Francisco, CA3ParticipantNov 2020
Adams Street PartnersUnited StatesChicago, IL2ParticipantSep 2023
Gur ShatzIsraelTel Aviv2ParticipantSep 2016
CoatueUnited StatesNew York City, NY2ParticipantNov 2020
ION Crossover PartnersIsraelHerzliya1LeadJun 2025
Sixty Degree CapitalCanadaToronto1ParticipantSep 2023
SoftBank GroupJapanTokyo1ParticipantSep 2023

This data is available for Pro users. Sign up to see all 15 Cato Networks investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Cato Networks

Cato Networks has acquired 1 company to date.

Last acquisition by Cato Networks was on September 3rd 2025. Cato Networks acquired Aim Security for $350M.

Latest Acquisitions by Cato Networks

Aim Security
Description
Aim Security is a Tel Aviv-headquartered platform securing generative AI deployments for enterprises. It scans AI models, prompts, and outputs to prevent data leaks, toxic content, and supply chain attacks, integrating with tools like ChatGPT and Vertex AI. Backed by $27 million in funding, the company protects Fortune 500 firms in finance and healthcare, blocking over 90 percent of AI-specific threats in real-time. Founded in 2022, Aim Security expanded to North America in 2023.
HQ CountryIsrael
HQ City
Tel Aviv
Deal Date3 Sep 2025
Valuation$350M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Cato Networks acquisitions and their M&A valuation multiples.

Start Free Trial

Cato Networks Competitors

Cato Networks competitors include listed companies like Megaport and NetScout Systems, and private ones like Island, Sysdig, BlackWall and Aviatrix.

Public and private companies comparable to Cato Networks
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IslandUnited StatesDallas, TXPrivate$200M-$6.4B32.0x
MegaportAustraliaAustraliaPublicly listed$219M$15M$3B8.4x
NetScout SystemsUnited StatesUnited StatesPublicly listed$859M$163M$2.8B2.5x
SysdigUnited StatesSan Francisco, CAPrivate--$2.5B-
BlackWallEstoniaTallinnPrivate--$2.2B-
AviatrixUnited StatesSan Jose, CAPrivate$40M-$2B50.0x

Cato Networks Public Comps

Cato Networks is still privately-owned, but its public comps include Clear Secure, BlackBerry, United Internet, GDS Holdings, Tenable, IONOS Group, Applied Digital, Wangsu, Varonis Systems and Internet Initiative Japan.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Clear Secure$901M$216M4.4x3.6x18.1x10.8x
BlackBerry$549M$83M8.7x7.9x57.7x34.1x
United Internet$6.8B$1.5B1.3x1.3x6.3x5.9x
GDS Holdings$1.7B$889M5.7x5.3x11.1x11.3x
Tenable$999M$31M5.7x5.3x180.0x20.0x
IONOS Group$1.5B$507M4.2x3.9x12.2x10.7x
Applied Digital$611M($85M)18.2x14.7x(131.4x)53.8x
Wangsu$700M$139M6.3x5.7x31.7x27.2x

This data is available for Pro users. Sign up to see all Cato Networks competitors and their valuation data.

Start Free Trial

Common questions about Cato Networks

When was Cato Networks founded?Cato Networks was founded in 2015.
Where is Cato Networks headquartered?Cato Networks is headquartered in Tel Aviv, Israel.
Is Cato Networks publicly listed?No, Cato Networks is a private, VC-backed company.
What is Cato Networks' valuation?Cato Networks was last valued at $4.8B in its Series G in June 2025.
How much funding has Cato Networks raised?Cato Networks has raised $1.2B across 8 funding rounds.
What was Cato Networks' last funding round?Cato Networks' last funding round was a $409M Series G in June 2025, led by ION Crossover Partners and Vitruvian Partners.
Who are Cato Networks' investors?Cato Networks' investors include Singtel Innov8, Aspect Ventures, Lightspeed Venture Partners, Shlomo Kramer, Greylock, U.S. Venture Partners, Acrew Capital, Adams Street Partners, Gur Shatz, Coatue and 5 others.
What is Cato Networks' revenue?Cato Networks' latest recorded revenue is $250M (June 2025).
What is Cato Networks' revenue multiple?Cato Networks' latest valuation implies a 19.2x revenue multiple ($4.8B valuation on $250M of revenue).
Which companies are comparable to Cato Networks?Companies comparable to Cato Networks include Island, Megaport, NetScout Systems, Sysdig, BlackWall and Aviatrix.
How many companies has Cato Networks acquired?Cato Networks has acquired 1 company, including Aim Security.
What was the largest acquisition by Cato Networks?The $350M acquisition of Aim Security in September 2025 is the largest acquisition Cato Networks has made to date.

See companies similar to Cato Networks

Island

Island is a Dallas-based cybersecurity software company that sells an enterprise browser and, since 2026, an agentic control plane for governing how employees and AI agents use applications and data. The Chromium-based browser embeds security, IT and productivity controls so that organisations can manage access to SaaS and web applications, contractors and unmanaged devices without virtual desktops. It was founded in 2020 by Mike Fey and Dan Amiga, left stealth in February 2022 and has an engineering base in Tel Aviv. The company says it has about 1,000 employees and has doubled annual recurring revenue every year since its 2022 launch. It has raised funding from Insight Partners, Sequoia Capital, Cyberstarts, Coatue and Evolution Equity Partners, and a September 2026 Series F valued it at USD 6.4 billion.

Megaport

Megaport is one of the world’s largest software-defined network service providers, enabling around 3,000 enterprise customers to connect to over 1000 data centers throughout the world. Megaport’s services mostly revolve around enabling enterprises to connect to cloud service providers, like Amazon Web Services, but it also offers services to enable businesses to connect across multiple data centers and to internet exchanges.

NetScout Systems

NetScout Systems Inc is a provider of service assurance and cybersecurity solutions to enterprise and government networks. It bases its solutions on proprietary adaptive service intelligence technology, which helps customers monitor and identify performance issues and provides insight into network-based security threats. These solutions also deliver real-time and historical information, which provides insight to restore service and understand the quality of user experience. The company derives revenue from the sale of network management tools and security solutions. Its geographical regions include USA, which derives maximum revenue, Europe, Asia, and Rest of the World.

Sysdig

Sysdig is a San Francisco-headquartered cloud security company founded in 2013, providing runtime protection for containers and Kubernetes using open-source Falco. The platform monitors workloads across AWS, Azure, and Google Cloud, detecting threats via behavioral analysis and integrating with SIEM tools. Sysdig serves enterprises like Barclays and Lufthansa, with over 800 employees globally.

BlackWall

Blackwall is a Tallinn, Estonia-headquartered provider of AI-powered bot management and web security for hosting providers and eCommerce platforms. Its platform detects and blocks malicious bots, protecting over 1 million websites from DDoS attacks, credential stuffing, and content scraping. Deployed by clients like Hetzner and Shopify partners, Blackwall processes 100 billion requests monthly with 99.99% accuracy. Launched in 2021, it serves managed service providers securing SMB online presences across Europe and North America.

Aviatrix

Aviatrix is a Santa Clara-headquartered cloud networking company that secures multi-cloud environments. Its Cloud Native Security Fabric provides visibility, microsegmentation, and firewalling for workloads on AWS, Azure, and Google Cloud. Networking teams deploy virtual routers and transit networks for encrypted traffic.

Progress Software

Progress Software Corp provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. The following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include the United States, Canada, EMEA, Latin America, and Asia Pacific.

A10 Networks

A10 Networks Inc is a provider of secure application and network infrastructure solutions for enterprises and service providers across on-premises, hybrid cloud, and distributed environments. The company's offerings include application delivery and traffic management, distributed denial-of-service (DDoS) protection, application and API security, and centralized management. It serves customers across multiple industries, including telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education. The majority of the company's revenue is derived from the sale of secure networking and cybersecurity solutions and related maintenance and support services.

DPtech

Hangzhou DPtech Technologies Co Ltd focuses on network security and application delivery products and solutions. The security and application delivery products portfolio includes Application Firewall, IPS, Bandwidth Management, Deep Packet Inspection, Web Application Firewall, Anti-DDoS, Appliction Delivery and others.

F5

F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.

Richinfo Technology

Richinfo Technology Co Ltd is a Chinese based company operates in software development and business operations in the Internet field. The product portfolio of the group includes mail system, enterprise network disk, message push system and others.

VeriSign

Verisign is an operator of critical infrastructure within the domain name system, or DNS. As the registry for some of the world’s most popular TLDs, .com and .net, Verisign directs DNS resolvers to the appropriate registry where IP addresses are stored. Verisign’s control over its TLDs is regulated by ICANN and the NTIA and are subject to contract renewal every six years. The company generates revenue through annual subscriptions allowing customers to use .com and .net as their TLD of choice for their respective websites.

Clear Secure

Clear Secure Inc is an identity company making experiences safer and easier digitally and physically. It is involved in creating a frictionless travel experience while enhancing security. Its secure identity platform uses biometrics to automate the identity verification process through lanes in airports, helping to make the travel experience safe and easy. The Company's operations are mainly focused on growing and maintaining its secure identity network across multiple offerings in both aviation and non-aviation channels.

BlackBerry

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communications for enterprises. The firm provides endpoint management and other secure communications software to enterprises, specializing in regulated industries like government and financial institutions. BlackBerry also has a sizable embedded software business primarily serving the automotive market, with some exposure to the industrial market.

United Internet

United Internet is a German internet and telecommunications group based in Montabaur. Its operating businesses provide internet access, hosting, online applications, communications services and related digital infrastructure to consumers and commercial customers. The parent company manages group functions including investment management, financial control, risk management and corporate administration. Its commercial model combines recurring subscriptions and service fees across its operating subsidiaries. In 2013, important operating businesses included 1&1 Internet, mail and media activities, hosting providers and Sedo’s online services. The group also held minority investments in technology and internet companies through dedicated subsidiaries. United Internet acquired an indirect 25.1% interest in Versatel in 2012 and agreed to buy the remaining 74.9% from KKR in 2014. That acquisition added a substantial German fibre network to the group and increased the infrastructure available for its telecommunications services.

Coalition

Coalition is a technology-enabled commercial insurer focused on cyber and related digital risks. It combines insurance coverage with security monitoring, risk assessments, alerts and incident-response services intended to reduce losses before and after an attack. The company distributes products through insurance brokers and serves small and midsize organizations as well as larger businesses in supported markets. Its underwriting uses information about an applicant's external attack surface and security posture alongside conventional insurance data. Coalition earns premium and service-related revenue while insurance capacity is supported by established carrier and reinsurance partners. The company was founded in 2017 and expanded from the United States into additional markets, including Canada and the United Kingdom. Its growth financings supported geographic expansion, new insurance products and continued development of its Active Insurance platform.

Abnormal AI

Abnormal AI is a San Francisco-headquartered cybersecurity company providing an AI-native platform that analyzes human behavior to block email attacks and detect account compromises. It protects enterprises across email, cloud apps, and collaboration tools for clients including Fortune 500 firms.

OneTrust

OneTrust is a privately held software company in Atlanta that sells a governance, risk and compliance platform covering privacy, consent, data governance, third-party risk, technology risk and AI governance. It was founded in 2016 by Kabir Barday and is backed by Insight Partners, Coatue, TCV, SoftBank, Franklin Templeton and Generation Investment Management. The company reports more than 14,000 customers worldwide, over 300 patents and roughly 2,300 employees, with offices in London, Bangalore, Madrid, Paris, Munich, Singapore and Melbourne. Between 2016 and 2021 it bought Optanon, DataGuidance, Integris Software, DocuVision, Convercent, Shared Assessments, Tugboat Logic and Planetly to widen the platform. In December 2024 it transferred its Convercent ethics and compliance business to EQS Group. John Heyman became chief executive in February 2026, with Barday remaining on the board.

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial