Israeli cybersecurity co Claroty raises $100m

Yaniv Vardi Photo: Keren Mazor
Yaniv Vardi Photo: Keren Mazor

Claroty provides infrastructure cybersecurity and secures connected devices in all Pfizer, BMW, Siemens and Schneider plants.

Israeli cybersecurity company Claroty today announced the completion of a $100 million sixth financing round, in what is described as "pre-IPO round." The financing round reflects a rise in the company's valuation, according to estimates, from just above $2 billion to $2.5 billion, a rare achievement in the current situation, although the company declined to confirm this valuation.

Claroty reports that over the past year annual recurring revenue (ARR) has exceeded the $100 million threshold, although it did not reveal accounting revenue, which is lower. ARR is a term that provides entrepreneurs and investors with an idea about the company's rate of short-term growth.

The latest financing round was led by Delta-v Capital, with the participation of AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank.

Previous investors that did not participate in the round include SoftBank, headed in Israel by Yossi Cohen, which led the $400 million financing round at the end of 2021, which helped fund the acquisition of Israeli company Medigate, which operates in a similar cybersecurity space, only in the healthcare industry.

When Claroty completed its huge financing round in December 2021, the company spoke ambitiously about annual revenue of $200 million and an IPO within 18 months to two years. However, the cooling off of the tech market reshuffled the deck, although the company still hopes to reach such achievements in the coming years.

The latest financing round brings the total amount raised by the company to $735 million. Previous investors include LG and Team8, whose cofounder Nadav Tzafrir, former commander of the IDF 8200 unit, serves as Claroty's chairman.

Claroty, which was ranked as one of "Globes" ten most promising startups in 2022 has developed a platform that identifies all devices and machines connected in industrial plants and infrastructure facilities, whether control and command systems in nuclear reactors for producing electricity, robots for manufacturing vehicles or machines for packaging medicines in pharmaceutical plants.

Claroty is one of the leaders in the field of infrastructure security in the industrial sector, and it secures connected devices in all Pfizer, BMW, Siemens and Schneider plants, which are also strategic partners and investors in the company. The company has strategic technology partnerships with CrowdStrike, Service Now and Amazon AWS as well as a partner program with several managed security service providers, including Schneider Electric, Rockwell Automation, IBM and NTT.

Published by Globes, Israel business news - en.globes.co.il - on March 6, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Yaniv Vardi Photo: Keren Mazor
Yaniv Vardi Photo: Keren Mazor
Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

APM merges with lawyers from Doron, Tikotzky Kantor, Gutman credit: Eyal Merilos APM merges with 12 lawyers from Doron, Tikotzky Kantor, Gutman

With the addition of these 12 lawyers, Amit Pollak Matalon & Co. will now have 135 lawyers.

US President Donald Trump credit: Reuters Sipa USA Israel on list as Trump unveils tariffs

Relatively low reciprocal tariffs will be imposed on Israeli goods sold in the US.

Deflated unicorn credit: Shutterstock Big Tech 50 reports more huge falls in startup valuations

Israeli R&D partnership Big Tech 50 reports that an investment of $2 million in Orcam made in 2021, shrank to just $31,000 at the end of 2024.

NextFerm technologies based on yeast credit: NextFerm Food-tech co NextFerm suspends operations

The company, which produces food ingredients in yeast without genetic engineering, cannot pay its debts and is seeking a buyer.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef OECD sees recovery in growth but high inflation

The OECD Israel Economic Survey 2025 recommends that the Israeli government take several restraining measures, in order to exit the economic storm created by the war.

Dano Ben-Hur credit: Dror Sithakol Statisticians contradict BoI on impact of housing finance deals

The Central Bureau of Statistics insists the impact of 20/80 buy now pay later financing deals on the real estate market and housing prices is minimal.

Governor of the Bank of Israel Amir Yaron  credit: Government Press Office Debt fears top Bank of Israel's concerns

Most unusually, Governor of the Bank of Israel Amir Yaron's press conference last week did not focus on inflation and the impending interest rate decision.

US President Donald Trump  credit: Reuters/Leah Millis Israel moves to avoid Trump's tariffs axe

Minister of Finance Bezalel Smotrich has signed an order canceling all tariffs on imports from the US. The impact will mostly be on agricultural produce.

Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018