Funding
Israeli cyber security firm Cato Networks buys Aim Security, raises another $50 million
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Israeli cyber security firm Cato Networks said on Wednesday it was buying cyber startup Aim Security, its first ever acquisition, and raising another $50 million in a private funding round.
Cato also said it had surpassed $300 million in annual recurring revenue.
It did not disclose how much it was paying for Aim but sources close to the deal said it was around $350 million.
Cato in June raised $359 million in a funding round, valuing the cybersecurity firm at more than $4.8 billion, as investors bet on growing demand for artificial intelligence-driven…
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