Israel's Cato Networks valued at over $4.8 billion in latest funding round

(Reuters) -Israel's Cato Networks said on Monday it had raised $359 million in a funding round, valuing the cybersecurity firm at more than $4.8 billion.

An uptick in cyberattacks has prompted fears of operational disruptions among companies and an increase in investor interest in cybersecurity providers.

The funding was led by Vitruvian Partners and ION Crossover Partners, along with existing investors Lightspeed Venture Partners and Acrew Capital, among others.

Cato Networks, founded in 2015 by Shlomo Kramer and Gur Shatz, combines network services and security into a single cloud platform.

(Reporting by Prakhar Srivastava in Bengaluru and Steven Scheer; Editing by Tasim Zahid and Shreya Biswas)