After two years period of stealth mode, Israeli cyber security startup Claroty, announced today that they have raised $32 million in a combined Series A and B round.
With offices in Tel Aviv and New York, Claroty established as part of Israeli cybersecurity foundry Team8, Claroty Co-founded in 2014 by CEO Amir Zilberstein, Chief Business Development Officer Galina Antova and CTO Benny Porat.
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CEO Amir Zilberstein previously co-founded the first purpose-built ICS security gateway at Waterfall Security Solutions; Chief Business Development Officer Galina Antova served as the Global Head of Industrial Security Services at Siemens; and CTO Benny Porat led an elite cyber research team in the Israeli Defense Force (IDF).
Claroty enters the market as the most substantially funded cybersecurity startup focused on protecting industrial control systems, and with one of the most robust teams in OT security with prior experience working in Siemens, IBM, Waterfall Security, Palo Alto Networks, iSIGHT Partners (FireEye), ICS2, Industrial Defender and others.
has exited stealth mode with $32 million in venture capital from marquee investors, including Red Dot Capital Partners, and with a groundbreaking new platform that ensures the highest levels of security and reliability for networks running the world’s critical infrastructure.
Claroty’s backers include Red Dot Capital Partners, Bessemer Venture Partners, Eric Schmidt’s Innovation Endeavors, Marker, ICV and Mitsui & Co., Ltd. The company enters the market as the most substantially funded cyber security startup focused on protecting industrial control systems, and with one of the deepest teams in OT security from organizations including Siemens, IBM, Waterfall Security, Palo Alto, iSIGHT Partners (FireEye), ICS2, and Industrial Defender.
“We invest in technology companies with market-tested technologies, a robust customer base and which are poised for fast growth. We believe Claroty is a strong candidate to successfully penetrate Asia-Pacific markets, ” said Red Dot Capital Partners Managing Partner Zvika Naggan. “We look forward to collaborating with this innovative company to introduce its unique cybersecurity platform focused on a burgeoning, yet underserved critical infrastructure protection market.”
Claroty is the second startup launched from the world-famous Israeli cybersecurity foundry, Team8.
The company has received guidance and support from Team8 and its CEO Nadav Zafrir, the former commander of 8200 IDF’s Technology & Intelligence Unit, and the founder of the IDF Cyber Command.
“Team8 is focused on helping visionaries solve big, complex problems in cybersecurity, ” noted Zafrir. “Claroty is addressing an issue that is absolutely critical and their team has created a groundbreaking solution for monitoring and protecting the control systems that run the world’s most critical infrastructure.”
The Claroty Platform provides extreme visibility and continuous monitoring across industrial control system (ICS) networks. With the most comprehensive support for control system manufacturers and protocols available in the market, the platform employs high-fidelity models and advanced algorithms to monitor ICS communications and provide security and process integrity alerts.
“Although initially architected for different objectives, industrial control systems and IT networks are becoming increasingly interdependent to fuel business goals. Despite this interconnectedness, cybersecurity in ICS environments has been woefully misapplied and sorely lacking — until now, ” said Zilberstein. “We have assembled a talented team steeped in cybersecurity and ICS to revolutionize critical infrastructure protection. And we are excited to partner with leading firms like Red Dot Capital Partners to help promote the Claroty Platform in Singapore and the Asia-Pacific markets.”
