Claroty, a cyber-physical systems protection firm, today announced a monumental achievement in securing $100m in financing.
This impressive round was led by Delta-v Capital and saw participation from a consortium of investors including 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 injection of capital, Claroty’s total funding escalates to $735m, affirming its dominion in the critical infrastructure cybersecurity sphere.
At the heart of Claroty’s mission is the safeguarding of cyber-physical systems (CPS) that underpin the world’s most essential services. The company’s comprehensive platform approach focuses on providing unparalleled protection across key sectors such as the public sector and other critical infrastructure industries, which are often the targets of sophisticated cyber threats.
The newly acquired funds are earmarked for several strategic initiatives. Claroty plans to scale its platform across vital verticals, enhance its presence in emerging markets throughout the Americas, EMEA, and Asia-Pacific, and intensify research and development efforts. Specifically, the company aims to innovate in areas like secure remote access, while also strengthening and expanding its strategic partnerships to further cement its market leadership.
This financial milestone caps off a year of significant achievements for Claroty. The company has notably surpassed $100m in annual recurring revenue (ARR), witnessed a 300% surge in customer growth since 2020, and has forged strategic technology alliances with leaders such as CrowdStrike, ServiceNow, and AWS. Moreover, its FOCUS Partner Program has been enriched with notable Managed Security Service Providers (MSSPs) including IBM, Rockwell Automation, Schneider Electric, NTT Data, and eSentire.
Claroty’s CEO, Yaniv Vardi, highlighted the company’s unique position in addressing the evolving cybersecurity landscape, “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.”
Investor confidence in Claroty is palpable. Dan Williams, Partner at Delta-v Capital, praised Claroty’s innovative approach to CPS protection, emphasizing its market alignment and vital mission. Similarly, representatives from AB Private Credit Investors and Silicon Valley Bank expressed their excitement about supporting Claroty’s growth and its pivotal role in advancing cybersecurity for critical infrastructure.
With a history of substantial previous investments, Claroty continues to set the pace in the cybersecurity realm, ensuring the digital and physical security of critical infrastructure worldwide.
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