Claroty has secured $150 million in a Series F funding round to support global expansion and continued development of its cyber-physical systems, or CPS, security platform as demand grows for critical infrastructure environment protection.
The Series F round was led by Golub Growth, with additional participation from existing investors of up to $50 million, Claroty said Thursday.
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How Does Claroty Plan to Use the New Capital?
In addition to CPS platform development, the funding will be used to scale the company’s operations globally. Citing Gartner, Claroty said there is growing concern about cyberattacks originating in digital networks that affect physical assets such as water utilities and oil pipelines. It added that the risks are becoming more pronounced as geopolitical tensions rise and critical infrastructure plays an increasingly important role in national and economic security.
What Recent Developments Frame Claroty’s Growth?
The funding follows a period of expansion for Claroty across the commercial and public sectors. As previously reported by ExecutiveBiz, the company secured authority to operate for its Continuous Threat Detection platform at U.S. military missile defense sites and a classified intelligence community facility through a deployment partnership with Mission IT. Claroty has also expanded its federal-focused leadership with the appointment of retired U.S. Air Force Col. Jen Sovada, a Wash100 Award recipient, as general manager of public sector and established partnerships supporting defense and intelligence customers, including integrations with Parsons’ SealingTech.
“Organizations need a platform approach that serves as the foundation of a holistic CPS protection program, leveraging the right combination of technology, people, and processes in order to reduce risk, maintain compliance, and preserve operational integrity,” said Claroty CEO Yaniv Vardi.
“This new funding marks the start of an exciting new chapter in Claroty’s growth journey, and we are thrilled to have Golub Growth join us on our mission to secure the cyber-physical systems that underpin our lives,” Vardi added.
