Published On: Mon, Jun 11th, 2018

Israeli Cybersecurity Startup Claroty Raises $60 Million in Round B

CEO Amir Zilberstein, chief business development officer Galina Antova, and CTO Benny Porat

Israeli startup for cybersecurity for industrial control networks, Claroty has raised $60 million in Series B funding, bringing the company’s total investment to date to $93 million.

The financing round was led by Temasek and included existing investors Bessemer Venture Partners, Team8, Innovation Endeavors, and ICV. New investors includs Rockwell Automation, Aster Capital (Sponsored by Schneider Electric), Next47 (Siemens-backed global venture firm), Envision Ventures, and Tekfen Ventures.

Founded in 2014 by CEO Amir Zilberstein, chief business development officer Galina Antova, and CTO Benny Porat, Claroty developed in stealth mode cybersecurity platform to provide visibility into industrial networks and combines secure remote access with continuous monitoring for threats and vulnerabilities. Claroty exiting made in late 2016.

With offices in Tel Aviv and New York, Claroty capped by a 300% year-over-year growth in bookings and customer base.

According to the company, Claroty has large-scale customers with production installations across six continents in nine market segments, including electric utilities, oil and gas, chemical, water, manufacturing, food and beverage, mining, and real estate (building management systems, data centers, warehouses).

CEO Zilberstein said, “Our unparalleled investor syndicate, which includes some of the most important industrial companies in the world, is a ringing endorsement of Claroty’s technology and the progress our team has made. Our mission is to protect the most critical networks on the planet and our comprehensive platform provides our customers with the capabilities they need to accomplish this vitally important task.”

Frank Kulaszewicz, SVP, Architecture & Software at Rockwell Automation said: “Claroty has been a partner since 2016 and their advanced technology is a key element of our real-time threat detection and monitoring service. Our investment in Claroty is a logical extension of our ongoing strategic partnership.”

Claroty’s comprehensive cybersecurity platform provides extreme visibility into industrial networks and combines secure remote access with continuous monitoring for threats and vulnerabilities – enabling industrial control system operators to protect these important networks.

The company will use investment proceeds to grow the Claroty brand globally, extend its sales and customer support footprint, and continue its rapid pace of product innovation.

 

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