Total amount raised
$740 Millions
Latest funding date
6/1/2024
Location
Claroty has successfully raised significant funding over multiple rounds, achieving a valuation of $3.5 billion. The company specializes in industrial cybersecurity, offering a comprehensive platform to protect and manage OT, IoT, and IIoT assets.
Keep reading to explore the intricacies of Claroty's fundraising journey and the investors backing this innovative platform.
What Is Claroty?
Founded in May 2015, Claroty is a cybersecurity firm based in New York, New York. The company was established by Amir Zilberstein, Benny Porat, and Galina Antova.
Claroty specializes in protecting cyber-physical systems (CPS) across various sectors, including industrial, healthcare, commercial, and public sectors. Their platform offers comprehensive solutions for asset inventory, exposure management, network protection, secure access, and threat detection.
With a workforce of 501-1000 employees, Claroty continues to innovate and expand its reach in the cybersecurity landscape, ensuring robust protection for critical infrastructure and industrial networks.
How Much Funding Has Claroty Raised?
- Series A
- Amount Raised: $32M
- Date: September 2016
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series B
- Amount Raised: $60M
- Date: June 2018
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance cybersecurity solutions.
- Series C
- Amount Raised: $8M
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Series D
- Amount Raised: $140M
- Date: June 2021
- Lead Investors: 40 North Ventures, Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global footprint and enhance product offerings.
- Series E
- Amount Raised: $400M
- Date: December 2021
- Lead Investors: Bessemer Venture Partners, Rockwell Automation, Schneider Electric, SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and innovation in cybersecurity solutions.
- Venture Round
- Amount Raised: $100M
- Date: March 2024
- Lead Investors: Delta-v Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company’s new platform approach to CPS protection.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance cyber-physical system security and safeguard critical infrastructure.
Total Amount Raised: $740M
Current Valuation: $3.5 billion
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm with a history dating back to 1911. They have invested in over 200 companies across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Rockwell Automation
- Details: Rockwell Automation is a global leader in industrial automation and digital transformation. They provide innovative solutions to help companies improve productivity and sustainability.
- Investment Focus Areas: Industrial automation, digital transformation, smart manufacturing.
- Notable Investments: PTC, Plex Systems, Kalypso.
- Schneider Electric
- Details: Schneider Electric is a multinational corporation specializing in energy management and automation solutions. They aim to make energy safe, reliable, and efficient.
- Investment Focus Areas: Energy management, automation, sustainability.
- Notable Investments: AVEVA, AutoGrid, Planon.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused investment funds in the world. They invest in companies that are driving the next stage of the information revolution.
- Investment Focus Areas: Artificial intelligence, robotics, telecommunications.
- Notable Investments: Uber, WeWork, Arm Holdings.
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company with a diverse portfolio spanning various industries and geographies. They focus on sustainable long-term value creation.
- Investment Focus Areas: Financial services, telecommunications, consumer goods.
- Notable Investments: Alibaba, DBS Bank, GIC.
What's Next for Claroty?
Claroty is poised to capitalize on the growing need for cyber-physical systems (CPS) protection, with opportunities to scale their platform globally. The involvement of high-profile investors like Princeville Capital and Bosch Ventures underscores the vast potential in expanding their market presence across Europe, Asia-Pacific, and Latin America.
Future fundraising seems promising, given the strategic growth funding round and the backing of multiple investors. However, Claroty will need to navigate challenges such as intense competition and the rapidly evolving cybersecurity landscape. Ensuring their solutions remain effective and managing diverse global customer needs will be crucial for sustained growth.
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