TechNation: Claroty Raises $60 Million for Cybersecurity to Protect Industrial Equipment

Our take: Israel’s digital offering gets underway with subsidized R&D program... | ---------

Claroty, an Israeli startup specializing in cybersecurity for industrial-control networks, said it has raised $60 million from an investor group that mostly comprises industrial-equipment makers.

The round was led by the Singapore state-owned holding company Temasek and included Rockwell Automation, Schneider Electric’s Aster Capital, Siemens’ Next47, Envision Ventures and Tekfen Ventures.

Existing investors all participated in the round. Clarity addresses the problem of protecting manufacturing equipment from hackers.

Often hostile governments seek to harvest information and establish a presence in networks for potential future attacks.

Founded in 2014 and exiting stealth mode in late 2016, the latest round brings investment to date in the company to $93 million.

Claroty said it counts major customers in six continents in nine market segments, including electric utilities, oil and gas, chemical, water, manufacturing, food and beverage, mining and real estate.

Claroty’s headquarters are in New York and its research and development center is in Tel Aviv.

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