ION Crossover Partners
89 Medinat Hayehudim St. Building E, 13th + 14th, Herzliya, 4676672, Israel
Overview
ION Crossover Partners focuses on founders with growth aspirations and businesses with untapped growth potential. It aspires to support management teams in scaling their business by utilizing a strategic toolkit that includes IPO preparation. ION Crossover Partners was established in 2018 and is headquartered in Herzliya, Tel Aviv.
- Total investments
- 15
- Lead investments
- 9
- Investments · 12mo
- 2
- Active investors
- 3
Sector focus
- Business Development
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- MangoBoost
Led · Series B · Jan 2026
MangoBoost is a Washington State–based semiconductor company building advanced data processing units (DPUs) that offload networking, storage, security and other I/O tasks from CPUs and GPUs, greatly improving the efficiency of AI and cloud data centers. Founded by Seoul National University professor Kim Jang-woo, the firm is regarded as having some of the most sophisticated independent DPU technology still on the market. Its chips tackle the performance limitations that even the fastest GPUs encounter when data-movement and storage become bottlenecks, a pain point that is growing as AI workloads surge. The company has attracted strong industry interest, fielding partnership approaches from NVIDIA, AMD, Intel, Samsung Electronics and SK Hynix, and it reportedly declined an acquisition offer from NVIDIA earlier this year to remain independent until mass production begins in earnest. MangoBoost is positioning itself as a strategic technology partner to multiple semiconductor majors rather than a single acquirer. The business is now in its Series B stage and is using new capital to fund commercialization and scale-up of its DPU product line.
- Guardio
Led · Equity · Nov 2025
Founded in 2018, Guardio began as a browser extension that scans for malicious or phishing sites and alerts users to data leaks. The company has since expanded into mobile applications providing identity management, spam filtering, and scam protection, and it is now developing technology to detect malicious code written with AI-based “vibe coding” tools. Guardio is also rolling out visibility features that reveal publicly shared documents, flag sensitive information exposure, and identify accounts lacking multi-factor authentication, with planned Outlook and Facebook integrations and a free-tier rollout next year. The startup recently partnered with website builder Lovable to scan every site on that platform for security flaws. Guardio reports 500,000 paying users and says it reached $100 million in annual recurring revenue in 2024. Management states that, although its valuation has tripled since 2021, the company does not yet consider itself a unicorn.
- Cato Networks
Led · Series G · Jun 2025
Cato Networks provides a unified cloud SASE platform that combines networking and security services for enterprises. The company said it has surpassed $300 million in annual recurring revenue and was valued at more than $4.8 billion after its June financing. Cato announced its first acquisition, Aim Security, and plans to integrate Aim’s AI security capabilities into its platform to accelerate AI-driven security features. Management framed AI transformation as the next major enterprise shift and is positioning the product roadmap around advanced AI security. Cato was founded in 2015 by Shlomo Kramer and Gur Shatz and is described in the article as an Israeli firm. The company emphasized that the recent financing maintained the same terms and valuation as the June round. Cato Networks delivers enterprise-grade security and networking as a single, cloud-native SASE platform that replaces legacy firewalls, routers, and point solutions with an embedded security stack and purpose-built global cloud network. The platform converges SD-WAN, LAN security, SSE, XDR, ZTNA, and other capabilities to provide scalable, self-maintaining connectivity and threat prevention. Cato emphasizes AI-driven automation and decisioning, embedding AI into infrastructure to accelerate response workflows and reduce routine operational burden. The company says it serves more than 3,500 enterprise customers and reported 46% year-over-year growth in ARR for 2024. With the new funding, Cato plans to advance AI security, accelerate R&D across DEM, IoT/OT, and other use cases, and expand its global partner and customer-facing teams. The business positions itself as a category leader focused on simplifying infrastructure and increasing operational efficiency for IT and security teams. Cato Networks packages software-defined networking, managed cybersecurity and a global backbone into a single cloud-based mesh that functions as an SD-WAN and SASE. It operates global points of presence that deliver networking and security services and maintains a metadata database of network flows enriched with security information for in-house training and AI models. The company uses purpose-built AI to process more than 250 threat intelligence feeds, publish updated blacklists every four hours, and applies deep learning in its intrusion prevention system. Cato has roughly 670,000 remote users across over 1,900 business customers and crossed $100 million in annual recurring revenue last year. With the new funds it plans to expand product offerings and global reach, grow its partner ecosystem, and increase engineering and product headcount from 800 to over 900 by year-end. Founded in 2015 and headquartered in Tel Aviv, Cato is valued at over $3 billion. Cato Networks offers a cloud-native SASE platform—Cato SASE Cloud—built on proprietary Cato SPACE technology to connect and secure sites, mobile users, and cloud resources. Its Cato Cloud enables customers to migrate from MPLS to SD-WAN, optimize connectivity to on-premises and cloud applications, enable secure branch Internet access, and connect mobile users via a client or clientless options. The platform is distributed across more than 65 points of presence worldwide. Led by CEO and co-founder Shlomo Kramer, the company focuses on converging SD-WAN, network security, and ZTNA into a single global service. Cato intends to use the new funds to accelerate sales, technology, and business growth to further support the security and global networking needs of large enterprises. The article reports a $2.5 billion valuation following the raise. Cato Networks offers a cloud-native converged SASE platform called Cato Cloud that connects and secures enterprise edges — sites, mobile users, and cloud resources — in a single global service. The platform converges networking and security capabilities to reduce IT complexity, improve security effectiveness, increase agility, and lower operational costs. Cato says the Cato Cloud was built from the ground up as a converged and cloud-based global SASE service. The company will use the new funding to accelerate its SASE market and technology expansion strategy. This funding strengthens Cato’s financial position and reflects investor confidence in its market leadership, following a prior valuation of $1 billion.
- Via
Participated · Equity · Feb 2023
Via builds transit technology and on-demand shuttle services, offering software that helps public transportation agencies, municipalities and school districts optimize fixed routes, paratransit, school buses, bike lanes and integrate private ridesharing. The company has scaled to 600 communities across more than 35 countries. Via ended 2022 with an annualized revenue run-rate surpassing $200 million, more than double since its prior financing in November 2021. With the new capital the company plans to expand its product suite — either via in-house development or M&A — including street-mapping for traffic controls, parking and curb management, EV fleet and charger management, micromobility planning and autonomous vehicle integration. Via is already working with AV companies Motional and May Mobility to deploy autonomous ridesharing shuttles in Las Vegas and Grand Rapids. The company says the funds also provide optionality to pursue an IPO when market conditions make sense. Via operates consumer-facing shuttles while its core business is a TransitTech SaaS platform sold to cities, transportation authorities, school districts and universities. The software side has eclipsed its consumer operations and is the primary driver of growth. TransitTech revenue more than doubled year-over-year to exceed an annual run rate of $100 million, and the platform is used by more than 500 partners. The company employs about 950 people. Via has expanded via acquisitions, buying Fleetonomy in 2020 and acquiring Remix earlier this year, which now operates as a subsidiary with its own brand. It recently launched a combined product that integrates Remix’s mapping and transit-planning tools with Via’s on-demand transit data. Via builds technology-enabled public mobility solutions that power public transportation by replacing rigid routes and schedules with dynamic, algorithm-driven networks. Its platform uses a real-time matching algorithm to combine multiple passengers or packages headed in the same direction, reducing urban congestion and emissions. Via works closely with more than 100 partners across municipalities, public transit agencies, operators, corporations, schools and universities to optimize transport systems. The company is deployed in more than 70 cities across 20 countries and operates in Europe as ViaVan. Co-founded by Oren Shoval and Daniel Ramot and launched in 2013, Via intends to use new funding to expand its business reach and advance its vision of efficient, accessible and equitable public mobility. Financially, Via completed a $200M Series E at a $2.25 billion valuation. Via is a New York-based shared taxi mobile company that operates an algorithm-driven on-demand shared ride platform. Led by CEO Daniel Ramot and CTO Oren Shoval, Via provides shared ride services in New York, Chicago and Washington D.C., and its technology is licensed by partners around the world. The company’s platform supports smart public transport and a dynamic mass transit system intended to reduce urban traffic volume. Via’s shared ride service in its U.S. markets provides over 1 million rides per month. Following investments from Mercedes‑Benz Vans and Daimler Mobility Services, Via is expanding into Europe through a joint venture with Mercedes‑Benz Vans, with London slated as the first launch this year. The joint venture will also partner with public transit operators across Europe and license Via’s On‑Demand Shuttle Operating System to enable cities to improve mobility without additional infrastructure costs. Via operates an on-demand city carpooling service that dynamically matches passengers to available seats rather than whole vehicles, using algorithms and data to enable smart routing. The service typically runs in New York City and Chicago and usually carries between five and eight passengers per vehicle. Via positions itself between a traditional bus and ride-hailing services, aiming for bus-like price points with greater flexibility. The company describes its product as a “dynamic bus system” designed to reduce single-occupancy vehicle trips and congestion. Its stated future plan is to scale this model as a mass-transit alternative powered by advanced algorithms and data. Financially, Via has been raising institutional capital and announced a Series C that will increase its total invested capital to $137 million when fully closed.
- Perimeter 81
Participated · Series C · Jun 2022
Perimeter 81 offers a cloud-delivered SSE platform that enforces a zero trust architecture to secure remote access, network traffic, and endpoint devices. Its product portfolio includes Zero Trust Network Access, Firewall as a Service, and Secure Web Gateway offerings, along with an agentless VPN and a multi-tenant solution for channel partners, MSPs, and MSSPs. The company reports roughly 2,400 customers spanning SMBs to Fortune 500s and has more than 250 employees across Tel Aviv, New York, and Los Angeles. Perimeter 81 has more than doubled its annual recurring revenue year over year. The financing will be used to accelerate growth, hiring, and product development as the company seeks to further disrupt the network security market. Named a Forrester ZTNA New Wave Leader, Perimeter 81 emphasizes ease of use and simplicity to drive security adoption for modern distributed workforces. Perimeter 81 offers a user-centric Secure Network as a Service and SASE platform that consolidates networking and cloud security tools to replace legacy VPN and hardware firewalls. The product set includes secure access to local networks, cloud environments, business applications, DNS filtering, branch interconnectivity, endpoint security and planned FWaaS features in collaboration with SonicWall. The company has seen rapid commercial traction, acquiring close to 1,000 customers including Fortune 500 firms and growing ARR over 400% year-over-year. Perimeter 81 is expanding its team across sales, marketing and R&D and opening a new office in California to support growth. The company plans to use recent funding to accelerate hiring and product development and to continue rolling out security features throughout 2020. Founders Amit Bareket and Sagi Gidali lead the company from its Tel Aviv headquarters with offices in New York and California. Perimeter 81 delivers a cloud-agnostic Zero Trust Secure Network as a Service that unifies network and security capabilities in a 100% cloud platform. Its core product is a SASE platform (unveiled in February 2020) that combines Network as a Service with advanced cloud security capabilities licensed from SonicWall to secure access to local resources, cloud environments, and applications. The company reported 450% growth in 2019 and has acquired more than 620 clients, including Fortune 500 and other prominent organizations across government, entertainment, technology and AI. Over the next few months Perimeter 81 will add user and branch internet security, branch interconnectivity, and endpoint security to its offering. Financially, the company has raised $19.5 million in under twelve months and recently closed a $4.5 million Series A extension to accelerate development and go-to-market efforts. Perimeter 81 was founded by Amit Bareket and Sagi Gidali and emphasizes a user-centric, simplified alternative to legacy network security for remote and mobile workforces. Perimeter 81 provides a cloud-based Zero Trust Network as a Service that secures access to internal resources, user and branch internet security, branch interconnectivity and endpoint security. The company serves clients from SMBs up to Fortune 500 businesses across a wide range of sectors. Its channel includes major integrators, managed service providers and resellers. Perimeter 81 is led by co‑founders Amit Bareket and Sagi Gidali. The company recently strengthened its product roadmap and go-to-market by signing a mutual OEM agreement with SonicWall to integrate next‑generation firewall and cybersecurity capabilities. Financially, Perimeter 81 raised $10M in a Series A to support growth and product integration efforts. Perimeter 81 offers a SaaS software solution that simplifies secure network access for distributed workforces, with customizable networking capabilities and advanced security features. The platform ensures secure access at both the network and application level and supports automatic gateway deployment, multi‑tenant management, and full network visibility. The company serves customers ranging from midsize businesses to Fortune 500s across government, entertainment, technology, and AI sectors and partners with integrators, managed service providers, and channel resellers. Perimeter 81 is led by founders Amit Bareket (CEO) and Sagi Gidali (CPO) and is based in Tel Aviv, Israel, with a New York office. The company said it will use new funding to accelerate growth by expanding sales, marketing, and R&D teams and by developing new cloud firewall capabilities. The recent financing supports its go‑to‑market and product development plans for cloud and distributed workforce security.