Cybersecurity company Claroty raises $400 mn

Claroty, the cybersecurity company for cyber-physical systems (CPS), announced Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, as a co-lead investor in its $400 million Series E funding round.
Dollar spending on technologyClaroty raised $635 million to date. Claroty said it is the most well-funded cybersecurity company in the industrial (OT), healthcare (IoMT), and enterprise IoT sectors. The other co-lead investors of the round are SoftBank Vision Fund 2, Bessemer Venture Partners, Schneider Electric, and Standard Investments.

Blake Moret, Chairman and CEO of Rockwell Automation, said: “We have more than 300 sites installed globally with Claroty today, and co-leading this funding round represents our strengthened commitment to serving our industrial customers.”

The Series E round, coupled with Claroty’s intent to acquire Medigate, a leading healthcare IoT security company, marks the next step in the company’s mission to secure all CPS across industrial, healthcare, and enterprise environments – the Extended Internet of Things (XIoT).

Yaniv Vardi, CEO of Claroty, said: “By acquiring Medigate, we are now uniquely positioned to secure the XIoT – from traditional OT devices such as PLCs and HMIs, to medical devices such as MRI machines, to enterprise IoT devices such as smart security cameras and temperature sensors.”