Claroty raises $60 million to protect industrial networks from ‘perfect storm’ of cyberthreats
Claroty, a industrial control systems cybersecurity company, announced on Monday that it raised $60 million in Series B funding from a diverse group of investors, including venture firms, ICS vendors and industrial asset owners and operators. The funding brings the company’s total investment to date to $93 million. The funding round was led by Tekfen, a Turkish industrial holding company. Notably, three different ICS vendors came together to participate in the round in some way. Aster capital (an investment company born out of Schneider Electric), Next47 (a venture firm backed by Siemens) and Rockwell automation pitched in, along with Envision Ventures and Claroty’s original investors. Patrick McBride, Claroty’s chief marketing officer, said in an interview that the coming together of these investors is a “ringing endorsement” of Claroty’s offerings. “Getting Siemens and Rockwell and Schneider to do anything together? These guys beat each other up in the marketplace every day, but they […]
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