Cyber unicorn Claroty raises $100 million, surpasses $100 million in ARR
Cyber unicorn Claroty raises $100 million, surpasses $100 million in ARR
The Israeli company, which raised the money through a combination of equity and credit, took its total funding to date to $635 million
Cyber-physical systems protection company Claroty announced on Wednesday that it has secured $100 million in growth financing. The money was raised through a combination of equity and credit. The company refused to reveal how much of the funding came via credit, but noted that its valuation increased in this round. Claroty previously raised funding at a valuation of over $1 billion.
Participants in the funding include lead equity investor Delta-v Capital, as well as 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.
Claroty employs 533 people in total, including 260 in Israel.
The funds will be used to scale Claroty’s platform approach to cyber-physical systems (CPS) protection across key verticals including the public sector and heavily regulated critical infrastructure industries, expand in emerging regions across the Americas, EMEA, and Asia-Pacific, fuel research and development for core and adjacent technologies including secure remote access, and double down on new and existing strategic partnerships.
“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,” said Yaniv Vardi, CEO of Claroty. “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.”
Claroty revealed that it now works with 20% of the Fortune 100 and surpassed $100 million in annual recurring revenue (ARR) during 2023.
