Israeli cybersecurity unicorn Claroty, which creates technology to protect critical infrastructure, has raised $150 million in a Series F funding round.
The round was led by Golub Growth, the private credit arm of Golub Capital, with up to $50 million in additional funding from existing investors.
Claroty will use the new funds to expand globally and continue building what it calls the most comprehensive cybersecurity platform for cyber-physical systems (CPS) and critical infrastructure.
“In the past three years, we have grown by 300%, reaching revenues in the hundreds of millions of dollars,” Vardi said. “Customers in the industrial world increasingly prefer companies like ours. We provide a platform that identifies vulnerabilities and risks and delivers a deep understanding of complex networks. The company could be ready for an IPO as early as next year, although that will depend heavily on market conditions.”
Claroty added 24 Fortune 500 customers and recently launched a first-of-its-kind AI-based catalog to classify physical assets. This helps organizations better identify and track assets that could be exposed to cyber risks.
Claroty’s capabilities were recognized by Gartner and Forrester, two major U.S. research firms, which named the company a leader in its field.
Claroty has around 700 employees, including 200 in Israel and the rest in New York, Europe, Asia-Pacific, and Latin America. So far, the company has raised about $700 million through a mix of equity and credit financing.
Its investors include SoftBank Vision Fund 2, Bessemer Venture Partners, Standard Industries, and Delta-V Capital, along with strategic partners like Schneider Electric, Siemens, Rockwell Automation, LG, and Toshiba Digital Solutions.
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