Sun, Dec 01 2024
The cyber-physical systems security company Claroty recently celebrated a significant milestone in raising $100 million in funding.
Leading this remarkable round was Delta-v Capital, with participation from a group of investors that included Toshiba Digital Solutions, SE Ventures, AB Private Credit Investors at AllianceBernstein, Silicon Valley Bank, a division of First Citizens Bank, and Standard Investments. With this most recent fundraising round, Claroty's total funding rises to $735 million, demonstrating its dominance in the field of critical infrastructure cybersecurity.
The protection of the cyber-physical systems (CPS) that provide the most vital services in the world is at the core of Claroty's mission. Providing unmatched protection for vital industries like the public sector and other critical infrastructure sectors—which are frequently the targets of sophisticated cyber threats—is the company's comprehensive platform approach.
The recently obtained money is intended for a number of important projects. In addition to increasing its footprint in emerging regions across the Americas, EMEA, and Asia-Pacific, Claroty intends to extend its platform across critical verticals and step up its R&D activities. In order to further solidify its position as the industry leader, the company specifically wants to innovate in fields like secure remote access while also bolstering and growing its strategic alliances.
This financial achievement completes Claroty's year of noteworthy accomplishments. Notably, the company has had a 300% increase in customer growth since 2020, exceeded $100 million in annual recurring revenue (ARR), and formed important technology relationships with industry leaders like CrowdStrike, ServiceNow, and AWS. Notable Managed Security Service Providers (MSSPs) like IBM, Rockwell Automation, Schneider Electric, NTT Data, and eSentire have also enhanced the FOCUS Partner Program.
Yaniv Vardi, CEO of Claroty, emphasized the company's distinct position in tackling the changing cybersecurity scenario. "Unprecedented socioeconomic, geopolitical, and regulatory developments over the past year have brought forth new trends and difficulties for those tasked with safeguarding the world's vital infrastructure. With our broad partner ecosystem, deep domain understanding, and unparalleled technology capabilities in our all-inclusive platform, Claroty is particularly positioned to assist CPS defenders in navigating these changes. 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.
Investor trust in Claroty is evident. Partner at Delta-v Capital Dan Williams commended Claroty for its creative approach to CPS protection, highlighting the company's important objective and market alignment. In a similar vein, representatives of Silicon Valley Bank and AB Private Credit Investors emphasized their enthusiasm for helping to foster Claroty's expansion and its essential role in enhancing critical infrastructure cybersecurity.
Claroty, which has made significant investments in the past, is a leader in the field of cybersecurity, guaranteeing the physical and digital security of vital infrastructure across the globe.
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