Cybersecurity Company Claroty Raises $60 Million

Cybersecurity Company Claroty Raises $60 Million

Claroty, the second startup to emerge from Israeli cybersecurity foundry Team8, develops cybersecurity platform for industrial networks

Meir Orbach  :  2018-06-11T17:23:55..
Cybersecurity company Claroty Ltd. announced on Monday it has raised $60 million in a series B funding round led by Singapore's governmental holding company Temasek Holdings with participation from Rockwell Automation, Aster Capital, Next47, Envision Ventures, and Tekfen Ventures. Former investors Bessemer Venture Partners, Team8, Innovation Endeavors, and ICV also participated in the round.

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Claroty develops and markets cybersecurity platform for industrial networks. Founded in 2014 and headquartered in New York, with an additional office in Tel Aviv, Claroty was the second startup to emerge from Israeli cybersecurity foundry Team8. The company now employs 85 people, 47 of which work in Israel.

Claroty. Photo: Joey Cohen Claroty. Photo: Joey Cohen Claroty. Photo: Joey Cohen

Claroty has raised $93 million to date. The company will use the investment to grow globally and extend sales and customer support operations, Claroty said in a statement. Claroty also said it intends to hire 40 more employees by the end of the year.

Team8 was co-founded by CEO Nadav Zafrir, a former commander of Unit 8200, the Israeli army’s equivalent of the U.S. NSA. Team8 is backed by multinationals including Microsoft, Cisco, Intel, and Temasek. Mr. Zafrir serves as president and board member of Claroty.

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