NY-based Cybersecurity Firm, Claroty Raises $60M To Secure Industrial Networks

By StartUp City

NY-based cybersecurity firm Claroty, announced that it raised $60 million in a funding round led by Temasek, a national wealth fund owned by the government of Singapore. The round also included Rockwell Automation, Aster Capital, Next47, Envision Ventures, and Turkish-based Tekfen Ventures, Previous investors, including Bessemer Venture Partners, Innovation Endeavors, ICV, and Team8, a cybersecurity think tank and accelerator where Claroty got its start, also participated.

Headquartered in New York, Claroty has customers with production installations across six continents in nine market segments which include electric utilities, oil and gas, chemical, water, manufacturing, food and beverage, mining, and real estate (building management systems, data centers, warehouses).

Claroty offers a platform that continuously monitors OT networks for vulnerabilities and threats. The platform also provides customers with a secure remote access capability. Industrial asset operators often need to manage their OT systems from off-site, and a remote access capability needs to be secure in order to prevent malicious actors from meddling with the connection.