Claroty, a leader in cyber-physical systems (CPS) security, has raised $150 million in a Series F round. The investment, led by Golub Growth, will be used for global expansion and the further development of its platform, which protects critical infrastructure—such as power grids, water treatment plants, and factories—from cyberattacks.
According to analyst firm Gartner, “With the emergence of CPS, ransomware and other cyber attacks originating in the cyber world now affect physical assets, such as oil pipelines, water utilities or meat packers are also growing and well-documented. This is particularly prevalent in critical infrastructure sectors, given growing geopolitical risks and the direct nexus between critical infrastructure, national security and economic prosperity.”
The growing awareness about the alarming reality of cyber attacks targeting critical infrastructure has led the CPS protection market to rapidly mature and evolve in recent years. However, security leaders charged with protecting CPS still face a number of challenges – unclear ownership between IT and OT teams, no maturity model or roadmap for measuring success or progress, insufficient skills and resources, and more – that hinder their efforts and leave mission-critical operations dangerously exposed.
“Organizations need a platform approach that serves as the foundation of a holistic CPS protection program,” said Yaniv Vardi, CEO of Claroty. “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.”
The funding comes after a momentous year for Claroty, with growth milestones and recognitions including:
- Valuation: 80% growth in valuation since previous financing round in March 2024
- Customers: Working with 24 of the Fortune 100 organizations
- Product Innovation: Claroty recently launched the CPS Library, an AI-powered asset catalog that ensures enhanced visibility and accuracy in tracking asset specifications, in partnership with Schneider Electric and Rockwell AutomationPartners: Achieved the AWS Manufacturing and Industrial Competency for OT Security; entered a new strategic collaboration with Google Security Operations
- Public Sector: Appointed retired U.S. Air Force Colonel Jen Sovada to lead team, launched an integration with Parsons’ SealingTech, brought FISMA support with STIG-hardened configuration management controls to Claroty Continuous Threat Detection (CTD), and launched a partnership with Mission IT to accelerate Claroty’s entrance into the U.S. Intelligence Community
