Claroty Secures $150 Million to Enhance Cyber-Physical Systems Protection

Claroty, a leader in cyber-physical systems (CPS) protection, has successfully secured $150 million in Series F funding, primarily from Golub Growth, an affiliate of Golub Capital. This investment includes an additional $50 million from existing investors and is intended to support the company’s global expansion and enhance its CPS protection platform. The funding is crucial as cyber attacks increasingly target critical infrastructure, impacting sectors like oil and water utilities.

According to Gartner, the intersection of cyber threats and physical assets is a growing concern, particularly in critical infrastructure sectors. The need for a robust CPS protection program is underscored by the challenges faced by security leaders, including unclear ownership between IT and operational technology (OT) teams and a lack of resources and maturity models.

Why This Matters for Cybersecurity

Yaniv Vardi, CEO of Claroty, emphasizes the necessity of a platform approach that integrates technology, personnel, and processes to mitigate risks and ensure compliance. The funding marks a significant milestone in Claroty’s growth journey, positioning the company to better secure the cyber-physical systems that are vital to everyday life.

Rob Tuchscherer, Senior Managing Director at Golub Capital, expressed confidence in Claroty’s solutions, which leverage extensive CPS domain expertise to reduce risk for customers. This partnership is expected to accelerate the development of Claroty’s offerings in a rapidly evolving market.

• Claroty: A company focused on protecting cyber-physical systems, now with $150 million in new funding.
• Golub Growth: The lead investor in Claroty’s Series F funding round, supporting its expansion efforts.
• Cyber-Physical Systems (CPS): Systems where physical processes are monitored and controlled by computer-based algorithms, increasingly targeted by cyber attacks.
• Critical Infrastructure: Essential systems and services, such as oil pipelines and water utilities, that are vulnerable to cyber threats.
• Operational Technology (OT): Hardware and software that detects or causes changes through direct monitoring and control of physical devices, often facing challenges in cybersecurity.