Claroty raises $150 million at a $3 billion valuation as cyberattacks on infrastructure surge
Israeli cybersecurity firm cites rising attacks on hospitals and industrial systems.
Israeli cybersecurity unicorn Claroty, which develops technology to protect critical infrastructure, announced that it has raised $150 million in a Series F funding round. The round was led by Golub Growth, the private credit arm of Golub Capital, with an additional participation of up to $50 million supported by existing investors. The new capital is intended to accelerate Claroty’s global expansion as it continues to build what it describes as the most comprehensive cybersecurity platform for cyber-physical systems (CPS) and critical infrastructure.
The funding includes a secondary component of approximately $30-40 million. While the company declined to disclose its valuation, Calcalist has learned that Claroty’s value increased by roughly 80%, reaching an estimated $3 billion.
In an interview with Calcalist, Claroty CEO Yaniv Vardi said the company’s market is “red hot” driven by a surge in cyberattacks on hospitals, manufacturing facilities, and industrial companies. According to Vardi, attacks on hospitals alone have grown by 100%, while attackers are increasingly using AI to carry out faster and more sophisticated intrusions.
“There are not many independent companies left in this field,” Vardi said. “Many have already been acquired or are in the process of being acquired. We are building a company that will lead the market with significant growth.”
Vardi added that Claroty expects to reach profitability in the near term and that an initial public offering remains an aspiration. “We want to go public, but sometimes opportunities arise that are difficult to ignore,” he said.
“In the past three years, we have grown by 300%, reaching revenues in the hundreds of millions of dollars,” Vardi said. “Customers in the industrial world increasingly prefer companies like ours. We provide a platform that identifies vulnerabilities and risks and delivers a deep understanding of complex networks. The company could be ready for an IPO as early as next year, although that will depend heavily on market conditions.”
Claroty added 24 Fortune 500 customers and recently launched what it described as a first-of-its-kind AI-based catalog for classifying physical assets, giving organizations improved visibility and accuracy in identifying and tracking assets exposed to cyber risk. The company’s capabilities were also recognized this year by U.S. research firms Gartner and Forrester, which named Claroty a leader in its field.
Claroty currently employs about 750 people, including roughly 350 in Israel, with the remainder based in New York, Europe, the Asia-Pacific region, and Latin America. To date, the company has raised approximately $700 million through a combination of equity and credit financing. Its investors include SoftBank Vision Fund 2, Bessemer Venture Partners, Standard Industries, and Delta-V Capital, alongside strategic backers such as Schneider Electric, Siemens, Rockwell Automation, LG, and Toshiba Digital Solutions.
