The Claroty Blog

Major Company Announcement

| Claroty Co-Founders: Amir Zilberstein, Galina Antova, and Benny Porat

We are thrilled to share some very exciting news with you…

Today, Claroty announced we have closed a US$60 million Series B investment round with an unprecedented syndicate of investors, including industrial operators, control system vendors and venture capital leaders from around the globe.  The round was led by Temasek and includes Rockwell Automation, Aster Capital (sponsored by Schneider Electric), Next47 (Siemens-backed global venture firm), Envision Ventures, and Tekfen Ventures. Original Claroty investors Bessemer Venture Partners, Team8, Innovation Endeavors, and ICV all participated in the round.

For us, the funding is particularly exciting for a few reasons.  First, we are humbled by the pedigree of the syndicate who chose to invest in our company. This includes three of the most prominent industrial control system vendors, which is unprecedented in our market. As our partnerships with these ICS vendors has grown and become more strategic for both sides, it is clear that we share a common vision for protecting the most critical networks on the planet.  This syndicate also includes prominent industrial operators who understand the rising threat to ICS networks, and venture capital providers who have recognized Claroty’s innovation and execution. Collectively, their confidence in Claroty is a ringing endorsement of our team and the innovative, award-winning technology we’ve created.

Secondly, we are excited about what the investment will enable us to do for our customers.  We will use the capital to further accelerate our technical innovation by bolstering our R&D efforts.  That means investment in product development, threat research and our labs. The scale and sophistication of the threats to ICS networks is growing, and only through a relentless drive for innovation will we maintain our technical leadership and keep our customers protected.  

We will be investing in our customer support organization and processes ensuring we maintain a premier team to support our growing global customer base.  At Claroty, our support begins with our initial engagement and continues through the entire lifecycle as a Claroty customer.  We will make additional investments in our global channel partner ecosystem and programs, so customers can always find well-trained, knowledgeable and helpful partners no matter where they are.

Lastly, we are thankful today for every one of our employees, customers, partners, investors, and advocates who have helped us on our path.  We are on a mission to protect the most important networks in the world and we will continue to work hard every day to make it happen.

Sincerely,

Amir Zilberstein, Co-Founder & Chief Executive Officer
Benny Porat, Co-Founder & Chief Technical Officer
Galina Antova, Co-Founder & Chief Business Development Officer

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