Cato Networks, valued at $3B, lands $238M ahead of its anticipated IPO

Cato Networks, the Tel Aviv-based startup that packages software-defined networking, managed cybersecurity and global backbone services into a single offering, today announced that it raised $238 million in an equity investment that values the company at over $3 billion. LightSpeed Venture Partners led the round with participation from Adams Street Partners, SoftBank Vision Fund 2,…

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Babbel acquires language learning browser extension Toucan

Babbel, the popular subscription-based language learning service, today announced that it has acquired Toucan, the well-funded language learning browser extension. Toucan, it turns out, wound down as a company earlier this year, though its service has remained online. None of Toucan’s co-founders or employees will join Babbel, which is only buying Toucan’s technology. Babbel will…

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