Cybersecurity leader Claroty secures $100m for strategic expansion and innovation

Cybersecurity leader Claroty secures $100m for strategic expansion and innovation

Claroty, a leader in the protection of cyber-physical systems, has successfully completed a strategic growth financing round, securing $100m.

This significant financial boost comes from a group of prestigious investors, including Delta-v Capital leading the equity charge, complemented by contributions from AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank.

With this latest investment, Claroty’s total funding escalates to $735m, underscoring its dominant position in the critical infrastructure cybersecurity sphere.

The company specializes in safeguarding cyber-physical systems (CPS) across various sectors, including industrial, healthcare, commercial, and the public sector. Through its comprehensive platform, Claroty offers visibility, risk and vulnerability management, threat detection, and secure remote access, integrating seamlessly with customers’ existing infrastructure. This approach ensures robust protection for the Extended Internet of Things (XIoT), critical in today’s increasingly connected world.

The newly acquired funds are earmarked for scaling Claroty’s platform across key verticals and regions, enhancing product innovation, and fostering strategic partnerships. The investment will support the company’s efforts in expanding its reach within the public sector and critical infrastructure industries, broadening its footprint across the Americas, EMEA, and Asia-Pacific, and accelerating research and development for core and adjacent technologies.

Over the past year, Claroty has witnessed significant milestones, including surpassing $100m in annual recurring revenue (ARR) and achieving over 300% growth in customer base since 2020. The company has formed strategic alliances with industry giants such as CrowdStrike, ServiceNow, and AWS, and has been recognized as a leader in numerous industry analyst reports and awarded for its innovative solutions and contribution to cybersecurity.

Claroty CEO Yaniv Vardi highlighted the importance of the investment, “The past year has brought unprecedented geopolitical, macroeconomic, and regulatory changes that have created new trends and challenges for those charged with protecting the world’s critical infrastructure.

“With our deep domain expertise, unmatched technological capabilities in our comprehensive platform, and extensive partner ecosystem, Claroty is uniquely equipped to help CPS defenders navigate these changes. This new investment reinforces our leadership position in the CPS security market and propels us forward on our journey to ensure the cyber and physical worlds can safely connect to drive progress, improve productivity, and support our lives.”

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