Claroty, a renowned leader in safeguarding cyber-physical systems, has recently concluded a strategic growth financing round, securing an impressive $100 million in funding.
This substantial financial infusion has been made possible through the support of a distinguished consortium of investors. Leading the equity charge is Delta-v Capital, with significant 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.
This latest investment catapults Claroty’s total funding to an impressive $735 million, solidifying its dominant position in the critical infrastructure cybersecurity domain.
The company specializes in protecting cyber-physical systems (CPS) across a spectrum of sectors, including industrial, healthcare, commercial, and the public sector. Leveraging its comprehensive platform, Claroty delivers essential services such as visibility, risk and vulnerability management, threat detection, and secure remote access, seamlessly integrating with clients’ existing infrastructure. This approach ensures robust protection for the Extended Internet of Things (XIoT), a necessity in today’s increasingly interconnected world.
The newly acquired funds are designated for expanding Claroty’s platform across pivotal verticals and regions, driving product innovation, and fostering strategic partnerships. This investment will bolster the company’s initiatives in broadening its reach within the public sector and critical infrastructure industries, extending its presence across the Americas, EMEA, and Asia-Pacific regions, and accelerating research and development efforts for core and adjacent technologies.
Over the past year, Claroty has achieved significant milestones, including surpassing $100 million in annual recurring revenue (ARR) and witnessing over a 300% growth in its customer base since 2020. The company has forged strategic alliances with industry titans such as CrowdStrike, ServiceNow, and AWS, earning recognition as a leader in numerous industry analyst reports and garnering accolades for its innovative solutions and contributions to cybersecurity.
Yaniv Vardi, CEO of Claroty, emphasized the significance of this investment, stating, “The past year has presented unprecedented geopolitical, macroeconomic, and regulatory shifts, creating new trends and challenges for those entrusted with safeguarding the world’s critical infrastructure. With our deep domain expertise, unparalleled technological capabilities in our comprehensive platform, and extensive partner ecosystem, Claroty is uniquely positioned to assist CPS defenders in navigating these changes. This new investment reaffirms our leadership position in the CPS security market and propels us forward on our mission to ensure the seamless and secure connection between the cyber and physical worlds, driving progress, enhancing productivity, and enriching lives.”
