Claroty Secures Funding for Global Expansion
Claroty, a leader in cyber-physical systems (CPS) protection, has recently obtained $150 million in Series F funding. This round was spearheaded by Golub Growth, an affiliate of Golub Capital. The funding marks a significant milestone in Claroty's journey as it aims to expand its global presence and enhance its industry-leading CPS protection platform.
The Importance of CPS Protection
As cyber threats continue to evolve, critical infrastructure sectors face unprecedented challenges. The rise of ransomware and other cyber attacks means that physical assets like oil pipelines and water utilities are under constant threat. According to research, these vulnerabilities are particularly concerning in sectors tied to national security and economic stability.
Challenges in Cyber Security
Organizations tasked with protecting CPS face various obstacles, including ambiguous responsibilities between IT and operational technology (OT) teams, lack of a standardized maturity model, and resource shortages. These challenges can severely undermine efforts to safeguard mission-critical operations, leaving them exposed to potential breaches.
Vision for the Future
CEO Yaniv Vardi articulated a vision for a unified platform approach designed to enhance corporate resilience against cyber threats. He emphasized that Claroty’s deep understanding of CPS operations, coupled with advanced technology, uniquely positions the company to enable organizations to mitigate risks and uphold operational integrity.
Strategic Partnerships and Innovations
The company is bolstered not just by financial investment but also by a string of strategic partnerships and product innovations. In the past year, Claroty has successfully secured its position among Fortune 100 organizations and launched innovative offerings like the CPS Library, an AI-powered asset catalog developed in collaboration with Schneider Electric and Rockwell Automation.
Recognition and Achievements
Claroty's achievements have not gone unnoticed, as it has received recognition in various prestigious reports, including being named a leader in the Gartner Magic Quadrant for CPS Protection Platforms. Partnerships with tech giants like Google and distinctions for their tailored solutions reflect a bright path ahead for the company.
About Claroty
Claroty redefines the landscape of CPS protection with its unparalleled industry-focused platform. It encompasses vital services such as exposure management, threat detection, and secure access, with hybrid solutions available in both cloud and on-premise formats. Recognized for its effective risk reduction strategies, Claroty operates globally, serving hundreds of organizations at thousands of locations, with headquarters in New York City.
Frequently Asked Questions
What is the purpose of Claroty's recent funding?
The funding aims to support Claroty's global expansion and enhance the development of its CPS protection platform.
What challenges do organizations face in CPS protection?
Organizations grappling with CPS protection face challenges like unclear team responsibilities and resource shortages.
How does Claroty differ from its competitors?
Claroty's deep industry knowledge and advanced technology uniquely equip it to mitigate CPS risks effectively.
What innovations have been launched by Claroty?
Among its innovations, Claroty introduced the CPS Library, an AI-powered asset catalog in collaboration with Schneider Electric and Rockwell Automation.
What recognition has Claroty achieved recently?
Claroty has been recognized as a leader in notable industry reports, including the Gartner Magic Quadrant for CPS Protection Platforms.
