Cyber firm Claroty rakes in $140m from Series D, unicorn status uncertain

US industrial cybersecurity company Claroty has raised $140m from a Series D funding round co-led by Bessemer Venture Partners’ Century II fund and 40 North Ventures.

The round also saw participation from I Squared Capital’s ISQ Global InfraTech Fund and previous investors such as Rockwell Automation, Siemens and Schneider Electric.

Founded in 2014, New York-based Claroty helps customers reveal, protect and manage their operational technology, Internet of Things and Industrial Internet of Things assets. The firm’s platform connects seamlessly with customers’ existing infrastructure and programs while providing a full range of industrial cybersecurity controls for visibility, threat detection, secure remote access and risk and vulnerability management.

Following the Series D, Claroty has raised a total of $235m since its inception. However, Security Week cited sources from Globes – an Israeli news website – which claimed that Claroty was now valued at over $1bn, but there was no confirmation by Claroty that this was correct. If true, Claroty could be the first industrial cybersecurity firm to achieve unicorn status.

Claroty did highlight meanwhile that this recent funding round is the largest investment ever received to date by an industrial cybersecurity firm.

According to Claroty, it will use the capital influx to improve its products and to expand to new regions and verticals.

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