Claroty recently extended their recent strategic funding round with the addition of Princeville Capital, Bosch Ventures, and Chevron Technology Ventures (Core Fund) as new participants. The new funds raised will be directed towards scaling Claroty's innovative platform approach to Cyber Physical Systems (CPS) protection.
The extension follows Claroty's $100 million in strategic growth financing raised in March, led by Delta-v Capital with participation from AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank. At the time, the startup announced surpassing $100 million in ARR for the 2023 calendar year.
CEO of Claroty, Yaniv Vardi, emphasized the need for a consolidated, simplified approach to tackle the expanding attack surface area. “In trying to keep up with the pace of automation, connectivity, and the expanding attack surface area that follows, critical infrastructure organizations are burdened with a tangled web of security tools and in dire need of a consolidated, simplified approach,” said Vardi in a press release. “By leveraging our unrivaled industry expertise to deliver the deepest asset visibility and broadest solution set in the market today, our comprehensive, unified platform empowers organizations to reduce cyber risks associated with increased connectivity, with the fastest time to value and lower total cost of ownership.”
Claroty, founded in 2014 with over 540 employees, has raised over $735 million in funding to date and is valued at $2.5 billion.
