May 01, 2024

Leader in cybersecurity Claroty receives $100 million for strategic growth and innovation

March 08, 2024
2Min Reads
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Securing $100 million, Claroty, a pioneer in cyber-physical system protection, has closed a strategic growth fundraising round.

Prestigious investors, including Delta-v Capital, which is leading the equity charge, along with 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, are responsible for this substantial financial boost.


With this most recent investment, Claroty's funding total rises to $735 million, highlighting its leadership position in the field of critical infrastructure cybersecurity.

 

The business focuses in protecting cyber-physical systems (CPS) in the public, commercial, healthcare, and industrial domains. Claroty effortlessly integrates with customers' existing infrastructure to provide visibility, threat detection, risk and vulnerability management, and secure remote access through its all-inclusive platform. In today's world of expanding connectivity, the Extended Internet of Things (XIoT) needs strong protection, which our strategy provides.

 

The recently obtained capital will be used to expand Claroty's platform into important markets and verticals, improve product innovation, and develop business alliances. The funding will help the business achieve its goals of growing its presence in the Americas, EMEA, and Asia-Pacific, getting deeper into the public sector and critical infrastructure industries, and speeding up research and development of core and related technologies.

 

Significant accomplishments have been made by Claroty in the last year, such as surpassing $100 million in annual recurring revenue (ARR) and growing its client base by more than 300% since 2020. The business has forged strategic partnerships with major players in the market like CrowdStrike, ServiceNow, and AWS. It has also won awards for its creative cybersecurity solutions and been named a leader in multiple industry analyst publications.


"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," said Yaniv Vardi, CEO of Claroty, highlighting the significance of the investment.

 

"We are uniquely positioned to support CPS defenders in navigating these changes thanks to our deep domain expertise, unparalleled technological capabilities in our all-inclusive platform, and extensive partner ecosystem," says Claroty. This new investment solidifies our position as industry leaders in CPS security and advances our mission to guarantee that the physical and digital realms may securely interact to advance society, boost productivity, and sustain human existence.

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