Cyber-physical systems security company Claroty on Wednesday announced raising $100 million in strategic growth funding, which brings the total investment secured by the firm to $735 million.
Delta-v Capital, AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank took part in the latest Claroty funding round.
The company will use the money to enhance solutions and technologies, expand in the Americas, EMEA and APAC regions, and for strategic partnerships.
When it announced its previous funding rounds in 2021, Claroty was reportedly valued at $1 billion and later at $2 billion, but the company refused to confirm the numbers.
Israeli news website Globes now reports that the valuation has increased to $2.5 billion, but Claroty has again refused to provide confirmation for the amount. The company did however confirm that this was an up-round investment, which signifies that its valuation has increased.
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Claroty provides solutions for protecting what it calls extended IoT (XIoT), which includes OT, IoT, Internet of Medical Things (IoMT), and building management systems (BMS). Its platform provides visibility, risk and vulnerability management, secure remote access, and threat detection capabilities to organizations in the industrial, healthcare, commercial, and government sectors.
Claroty claims its solutions are used by 20% of Fortune 100 companies, and boasts exceeding $100 million in ARR in 2023.
Related: Claroty Raises $400 Million, Acquires Healthcare IoT Security Firm Medigate
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