Claroty

growth-positive

Claroty, a cybersecurity firm specializing in the protection of cyber-physical systems, has appointed Yoram Gronich as its new Chief Product Officer (CPO). Gronich, who has held leadership roles at Tufin, Symantec, and Check Point, replaces Grant Geyer, who has moved into the role of Chief Strategy Officer. As CPO, Gronich will lead Clarotys next phase of product innovation, optimizing across the product and R&D team for execution at scale. The companys platform provides asset visibility and a built-for-GPS solution compromising of exposure management, network protection, secure access, and threat detection.

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Israeli cybersecurity company Claroty is planning to go public in the first half of 2025. The company recently raised $100 million at a valuation of $2.5 billion. Claroty, which provides cybersecurity protection for critical infrastructure and vital facilities, is one of the fastest-growing unicorns. The company recently announced that it had crossed the $100 million threshold in annual recurring revenue (ARR) and that its customer base had grown by 300%. If the company maintains its current growth rate, it could go public in New York at a valuation of about $3.5 billion.

growth-positive

Israeli cybersecurity firm Claroty is preparing for a potential IPO in 2025. The company, which specializes in protecting cyber-physical systems, recently secured $100 million in growth financing at a valuation of $2.5 billion. Claroty has seen significant growth, with its customer base growing by 300% and annual recurring revenue surpassing $100 million. If the company maintains its current growth rate, it could go public at a valuation of approximately $3.5 billion. Claroty was founded in 2015 and has raised a total of $735 million to date.

Growth-Positive

Israeli cyber-physical systems protection firm Claroty has secured $100 million in growth financing through a combination of equity and credit, taking its total funding to $635 million. The company, which did not disclose the proportion of funding raised via credit, noted that its valuation increased in this round. The funds will be used to scale Claroty’s platform approach to cyber-physical systems protection across key verticals, expand in emerging regions, fuel research and development for core and adjacent technologies, and double down on new and existing strategic partnerships. Claroty now works with 20% of the Fortune 100 and surpassed $100 million in annual recurring revenue during 2023.

growth-positive

Yaniv Vardi, CEO of cybersecurity company Claroty, discusses managing his company during the October 7 massacre by Hamas terrorists. Despite personal losses and the challenges of wartime, Vardi emphasizes the importance of maintaining business continuity and providing 100% real-time response to customers. The company, which has over 500 employees globally, switched to work-from-home arrangements and supported employees serving in reserves. Vardi also highlights the importance of communication and resilience in crisis management. Founded in 2015, Claroty has raised $635 million to date.

growth-positive

Cyber-physical systems protection company Claroty has expanded its FOCUS Partner Program globally, adding several Managed Security Service Providers (MSSPs) including IBM, Rockwell Automation, NTT Data, eSentire and others. These partners, having undergone extensive training and certification, will help end user organizations improve their security posture and reduce risk across the Extended Internet of Things (XIoT). The program develops the skills, tools and processes necessary for partners to execute across the entire enterprise security services lifecycle. Since the programs initial launch, over 2,000 sales and technical professionals have received Claroty training and certification.

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Claroty, a company specializing in the protection of cyber-physical systems, has announced its participation in the Gulf Information Security Expo & Conference (GISEC) taking place in Dubai from March 14-16, 2023. The company will showcase its cybersecurity solutions for cyber-physical systems across various sectors. CEO Yaniv Vardi highlighted the growing demand for cybersecurity solutions in the Middle East and globally. Clarotys solutions integrate with customers existing infrastructure to provide full visibility, protection, and threat detection for all connected assets.

growth-positive

Claroty has announced an expanded integration with CrowdStrike to increase visibility and reduce cyber and operational risk in industrial environments. The integration enhances the extended detection and response (XDR) capabilities of the CrowdStrike Falcon platform with comprehensive asset discovery in industrial environments. This allows customers to have visibility, protection, and monitoring controls for the entire Extended Internet of Things (XIoT), including operational technology (OT), IoT, and IT assets. The native integration enables CrowdStrike Falcon Discover for IoT to provide contextualized, in-depth visibility by discovering and profiling all connected assets across industrial and enterprise environments. Clarotys xDome can be deployed to reveal risks and vulnerabilities of XIoT assets, map device-to-device communications, and prioritize devices for risk reduction efforts. The partnership comes after a year of record-breaking growth for Claroty, which exceeded $100 million in sales.

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Exclusive Networks has partnered with Claroty to bring the vendors solutions to key Asia Pacific markets. The partnership aims to leverage Exclusive Networks established partner and customer network in the region to implement cyber security investments. Exclusive Networks has been expanding its presence globally and has made key acquisitions in the past year. They are constantly evaluating strategies to increase market coverage in Asia Pacific. Claroty sees the partnership as an opportunity to reinforce its position as a cyber-physical systems technology solution provider in the region. Both companies aim to help partners and customers safeguard and improve their organizations in the face of increasing connectivity and cyber security challenges.

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Claroty, a cyber-physical systems protection company, has won the 2022 SC Award in Trust for Best SCADA Security Solution. The award recognizes Clarotys solution for safeguarding critical infrastructure and operational systems. Clarotys purpose-built cybersecurity controls help identify, protect, monitor, and optimize all OT, IoT, and BMS assets. The 2022 SC Awards received a record 800 entries across 38 categories. Claroty is backed by the worlds largest investment firms and industrial automation vendors.

growth-positive

Claroty has announced a partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. The partnership allows Clarotys channel partners to purchase The Claroty Platform and Medigate by Claroty directly through TD SYNNEX. The Claroty Platform provides industrial cybersecurity solutions for connected assets across industrial, enterprise, and healthcare environments. Medigate is a healthcare IoT security platform that enables healthcare providers to safely deliver connected care. The partnership strengthens TD SYNNEXs portfolio of cybersecurity offerings and provides customers with Clarotys visibility, protection, and threat detection solutions.

growth-positive

Switchup designed a unique and vibrant office space for Claroty, a leading industrial cybersecurity platform, in Tel Aviv. The office features warm tones, thoughtful colors, and interesting textures to create a visually interesting environment. The large reception area displays the companys logo and incorporates bold colors and patterns. The central kitchen is designed as a meeting and eating place, with a bright, pastel rose-colored staircase leading to the second floor. The office also includes meeting pods for private meetings or relaxation. The article showcases 19 images of the office design.

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Claroty has completed the acquisition of Medigate, a healthcare IoT security company. The acquisition positions Claroty to secure the Extended Internet of Things (XIoT) by providing visibility, protection, and threat detection for connected organizations. Ransomware attacks on cyber-physical systems (CPS) have been increasing, and healthcare systems have reported a surge in IoT cyber attacks. The acquisition was funded by Clarotys $400 million Series E round, led by SoftBank Vision Fund 2 and other investors. Claroty has raised $635 million to date, making it the most well-funded cybersecurity company in the industrial, healthcare, and enterprise IoT sectors.

growth-positive

Israeli cybersecurity unicorn Claroty has raised $400 million in a Series E funding round led by SoftBank. The funds will be used to acquire fellow Israeli company Medigate, which specializes in protecting medical infrastructure. The acquisition will result in a merged company employing a total of 420 people. Clarotys total funding now amounts to $635 million. The companys valuation in the Series E round is estimated to be close to $2 billion. Clarotys CEO, Yaniv Vardi, stated that the company is doubling its revenue every year and is close to reaching an annual revenue of $100 million. The acquisition of Medigate brings Claroty closer to a potential IPO.

growth-positive

Israeli cybersecurity unicorn Claroty is in advanced negotiations to acquire local medical cybersecurity startup Medigate for approximately $300 million. The acquisition will be backed by a funding round of hundreds of millions of dollars. Claroty, specializing in industrial cybersecurity, aims to enhance its offering by incorporating Medigates expertise in protecting medical infrastructure. Medigates solution focuses on locating, identifying, and managing the security posture of all devices connected to the network. Claroty raised $140 million in a Series D funding round in June 2021, bringing its total funding to $235 million. The acquisition of Medigate would be one of the largest ever by a private Israeli cybersecurity company.

growth-positive

Claroty, a global Israeli industrial cybersecurity company, is expanding its operations in Israel. Following a $140 million funding round completed in June, the company has moved from its offices on Tzurta Haaretz Street to its new offices in the Suzuki Tower on Yigal Alon Street in Tel Aviv. Claroty is occupying the 10th and 11th floors of the building, a total area of 2,352 square meters. The company employs over 280 employees worldwide, about 150 of them in Israel. Since the beginning of the year, Claroty has recruited about a hundred new employees, 55 of them in Israel, and it is currently recruiting dozens more.

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Claroty has been named a Leader in The Forrester Wave™: Industrial Control Systems (ICS) Security Solutions, Q4 2021. The company received the top score in the current offering category and the Market Presence category. The report highlights the importance of ICS/OT security and advises customers to look for providers that prioritize operational benefits and have a heritage in control systems. Claroty is praised for its ICS visibility, handling of proprietary industrial protocols, and secure remote access solution. The Claroty Platform is a comprehensive industrial cybersecurity solution that protects OT, IoT, and IIoT assets. It integrates with existing infrastructure and programs, provides threat detection and risk management, and has a reduced total cost of ownership. Claroty is trusted by leading industrial automation vendors and has a global presence.

growth-positive

Claroty has announced a new integration between its Continuous Threat Detection (CTD) solution and Rockwell Automations FactoryTalk AssetCentre. The integration allows joint customers to automatically discover, protect, and manage their OT, IoT, and IIoT assets in their industrial networks. The solution combines CTDs risk and vulnerability assessment with AssetCentres backup and recovery coverage, providing comprehensive inventory management and protection against cybersecurity risks. The integration offers centralized, automated OT asset inventory, continuous risk assessment, and tailored mitigation and remediation guidance. It also expands disaster recovery coverage and enhances governance, risk, and compliance initiatives. The integration will be showcased at Automation Fair, and Claroty executives will lead sessions on manufacturing cyber defenses and top security threats.

growth-negative

Honeywells Experion PKS system has been found to have three severe vulnerabilities that could allow attackers to execute malicious code and disrupt business processes. Claroty, an industrial cybersecurity company, identified the vulnerabilities and Honeywell has issued patches to address them. The vulnerabilities affect all versions of Honeywells C200, C200E, C300, and ACE controllers and simulators. The Cybersecurity and Infrastructure Security Agency (ICS-CERT) has rated the vulnerabilities as critical. Honeywells solution involves enforcing cryptographic signing and updating server software and controller firmware. The vulnerabilities are significant as distributed control systems are difficult to obtain and vulnerabilities are rarely disclosed. Clarotys discovery highlights the need for improved cybersecurity measures in industrial equipment.

growth-positive

Israeli industrial cybersecurity company Claroty has completed a $140 million Series D funding round, bringing its total funding to $235 million. The funding was co-led by Bessemer Venture Partners’ Century II fund and 40 North, with participation from LG, I Squared Capital’s ISQ Global InfraTech Fund, and previous investors. Claroty specializes in cybersecurity for industrial control networks and aims to secure connected devices within industrial sites. The funding will support the companys product strategy in a hyper-growth market.

growth-positive

Claroty has announced Claroty Edge, a new addition to The Claroty Platform that provides visibility into industrial networks without requiring network changes or physical footprint. Combined with enhancements to its Continuous Threat Detection (CTD) solution, Claroty now offers a complete portfolio of solutions for industrial cybersecurity. The new and enhanced platform allows customers to achieve their cybersecurity objectives without burdening their infrastructure or personnel. The key features and functions of the platform include Claroty Edge, CTD.Live, CTD version 4.3, and Secure Remote Access (SRA). Claroty Edge is the industrys first zero-infrastructure industrial cybersecurity solution, while CTD.Live is a SaaS-based deployment option. The platform is designed to reveal, detect, protect, and connect any deployment structure in rapid time. The announcement highlights the need for organizations to mature their cybersecurity programs in light of recent cyber incidents.

growth-positive

The article discusses the challenges faced by cybersecurity company Claroty during the COVID-19 pandemic. Despite the difficult period, the company experienced significant growth, with revenue increasing by over 65%. The increase in remote work led to a higher frequency and severity of cyber attacks, creating both opportunities and difficulties for the company. Claroty had to significantly expand its team to meet the increased demand. The CEO, Yaniv Vardi, originally planned to relocate to New York but was unable to do so due to the pandemic. He managed the global operations remotely and emphasized the importance of maintaining a strong connection with employees. Vardi also shared his inspiration from an Italian winery owner who runs his business with passion and enjoyment. He believes in doing what you love and loving what you do. Vardi applies this philosophy to his winemaking hobby as well. The article concludes with a recommendation for the book Blueprint to a Billion: 7 Essentials to Achieve Exponential Growth.

growth-positive

Industrial cybersecurity firm Claroty has launched its Claroty FOCUS Partner Program, designed to support partners business models and expand the ecosystems ability to advise on industrial cybersecurity. The launch follows a period of growth for the company, which doubled its customer base and reported 30% headcount growth at the end of 2020. Claroty plans to hire over 100 new employees in 2021. The company has expanded its partner coverage by 50% with the addition of Deloitte, KPMG, PwC, CrowdStrike, Atos, Yokogawa, and others.

growth-negative

Claroty, the industrial cybersecurity company, released its second Biannual ICS Risk & Vulnerability Report. The report reveals that 71% of industrial control system vulnerabilities disclosed in the second half of 2020 were remotely exploitable through network attack vectors. There was a 25% increase in ICS vulnerabilities compared to 2019. The report highlights the growing convergence of IT and OT networks, which increases the attack surface for adversaries. The critical manufacturing, energy, water and wastewater, and commercial facilities sectors were the most impacted by vulnerabilities. The number of ICS vulnerabilities disclosed in 2020 increased by over 30% compared to 2018. Third-party researchers were responsible for 61% of discoveries, indicating a maturing market for ICS vulnerability research. Clarotys Research Team discovered and disclosed 41 vulnerabilities during the second half of 2020.

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Claroty, the industrial cybersecurity company, has appointed Simon Chassar as Chief Revenue Officer (CRO). This appointment comes after a year of record growth for the company. Claroty achieved remarkable growth in 2020, including a 64% growth in annual recurring revenue (ARR) and a 100% year-over-year increase in new customers. They also established partnerships with Deloitte, KPMG, PwC, CrowdStrike, Check Point Software Technologies, Atos, and others. The company plans to hire 100 more employees in 2021. Simon Chassar brings over 20 years of experience in leading go-to-market teams at global IT and cybersecurity organizations. Claroty aims to solidify its position as the market leader in securing the industrial economy.

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Claroty has announced the appointments of Adi Weisz as Vice President of Engineering and Brian Dunphy as Vice President of Product Management. These appointments signify the companys investment in growth and innovation in the industrial cybersecurity market. Adi Weisz will be responsible for building and maintaining Clarotys product offerings and developing the engineering organization. Brian Dunphy will focus on driving key product improvements for monitoring and protecting OT and industrial IoT infrastructure. The appointments aim to solidify Clarotys position as a leader in the industrial cybersecurity market.

growth-positive

Claroty has announced a partnership with CrowdStrike to integrate their platforms and provide comprehensive visibility and threat detection for industrial control system (ICS) networks. The integration allows for improved IT/OT security governance and strengthened security posture. The partnership aims to address the increased attack surface within ICS networks due to digital transformation and remote work. By combining Clarotys OT expertise with CrowdStrikes IT endpoint telemetry, the joint solution offers full-spectrum IT/OT visibility and threat detection coverage. The integration allows customers to leverage the CrowdStrike Falcon platform to enhance the security of their OT environments. Claroty is a global leader in OT security, while CrowdStrike is a leader in cloud-delivered endpoint and workload protection.

growth-positive

Claroty has updated its platform to offer remote incident management as a fully integrated capability for OT networks. The platform enables cybersecurity teams to detect, investigate, and respond to security incidents on OT networks securely and seamlessly from any location. It offers enhanced Secure Remote Access (SRA) and Continuous Threat Detection (CTD) components, along with a Wisdom of the Crowd capability that provides context into the potential impact of alerts. The platform bridges the gap between IT and OT, provides full visibility into remote user activity, and aids in remedial activities. The article does not mention any specific customers or partners.

growth-positive

קלארוטי, a cybersecurity company, is recruiting over 20 new employees for its research and development centers in Israel. The company, founded by Team8, specializes in operational technology security worldwide. With over 180 employees, more than half of them based in Tel Aviv, the company is offering various positions such as software engineer, IT manager, product manager, and more. Claroty emphasizes providing technological challenges and growth opportunities for its employees, alongside leading experts in the cyber industry. The company values work-life balance and allows time for important matters.

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Claroty has experienced significant revenue growth in the Asia Pacific region, particularly in Australia, Korea, Taiwan, and the ASEAN region. The companys annual recurring revenue (ARR) has grown eightfold year-over-year. The demand for critical infrastructure security in the region is increasing, with spending on cybersecurity expected to triple to $5 billion by 2025. Clarotys partnership with Deloitte has also contributed to its growth. The companys Secure Remote Access (SRA) solution has seen increasing demand, as remote access to industrial networks has become a priority during the COVID-19 pandemic. Clarotys growth aligns with the Australian governments cybersecurity strategy and its investments in cybersecurity for critical infrastructure.

growth-positive

Claroty, a global leader in operational technology (OT) security, has released a biannual report highlighting the importance of protecting industrial control systems (ICS) with internet interfaces and remote access. The report found that more than 70% of the security vulnerabilities discovered in the first half of 2020 in ICS could be remotely controlled. The research team at Clarotys Tel Aviv office examined 365 weak points in industrial systems and 139 recommendations published by ICS-CERT during the first half of this year, affecting 53 hardware and software manufacturers in the critical infrastructure sector.

growth-positive

Claroty has announced a partnership with Check Point Software Technologies to provide real-time cybersecurity and visibility for operational technology (OT) and industrial control system (ICS) networks. The partnership allows enterprises and critical infrastructure operators to protect against cyberattacks on OT and ICS networks. Clarotys Continuous Threat Detection (CTD) integrates with Check Points IoT Protect solution, providing integrated end-to-end security. The partnership opens up an important route to market for Claroty and allows them to grow their technology offerings.

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Clarotys CEO, Yaniv Vardi, discusses the companys immediate and long-term goals. The immediate goals are to listen to customers and partners and create a scalable machine to support them. The long-term vision is to become the market leader by providing a one-stop shop end-to-end platform for the industrial space on their OT needs. Vardi also sees IT-OT convergence as being part of that package moving forward. He also mentions the impact of the pandemic on the security equation and the increasing focus on cybersecurity.

growth-positive

Claroty, a global leader in industrial cybersecurity, has appointed Udi Bar Sela as Chief Financial Officer (CFO) and Grant Geyer as Chief Product Officer (CPO). This move strengthens the companys executive team during a period of rapid growth. Claroty bridges the gap between IT and operational technology (OT) environments and aims to improve the availability, safety, and reliability of OT assets and networks. The companys platform provides comprehensive OT asset and network visibility, vulnerability management, threat detection, and risk assessment. The appointments of Bar Sela and Geyer will support Clarotys innovation and expansion of its global customer base. The company is focused on addressing the critical needs of industrial cybersecurity and critical infrastructure.

growth-positive

Frost & Sullivan recognizes Claroty with the 2019 Global Company of the Year Award for its superior suite of products in the IT/OT cybersecurity market. Claroty offers customers unparalleled cyberthreat protection, detection, and response for both IT and OT devices. Its platform provides complete visibility into industrial networks and enables simple service deployments. Claroty strategically expands its technology integration ecosystem by partnering with market-leading OT equipment manufacturers and cybersecurity technology providers. The company serves a wide variety of verticals with deployments in more than 20 countries across six continents.

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Claroty, a New York-based industrial cybersecurity provider, is expanding its capabilities to strengthen security for remote access of plants owned by manufacturers, oil and gas companies, and utilities. The companys Secure Remote Access offering will gain expanded capabilities next month, addressing visibility, threat detection, vulnerability management, and triage and mitigation. Claroty aims to reduce the risk of cyberattacks against OT infrastructure, especially in the context of the COVID-19 pandemic where workforce mobility is increasing. The companys platform also includes a new hygiene score to analyze the risk of attacks based on vulnerabilities, network micro-segmentation, real-time vulnerability updates, and a customizable analytics dashboard. The article highlights the need for improved cybersecurity measures as more industrial companies shift to remote access and control capabilities.

growth-positive

The article discusses the growing threat to operational technology (OT) and industrial internet-of-things (IIoT) devices and networks, highlighting the need for cybersecurity solutions. Claroty, a security vendor, is focused on extending cybersecurity to protect OT and IIoT devices and networks. The economic impact of an attack on OT or IIoT can be significant, even if the physical damage is minimal. Organizations are increasingly recognizing the issue and allocating budget for OT security. However, there is a disconnect between IT and OT teams, and traditional cybersecurity solutions may not be suitable for OT networks. Claroty is working on establishing OT security on a clean slate, particularly in the industrial IoT sector. The article emphasizes the importance of securing OT and IIoT devices to ensure the availability and reliability of critical infrastructure.

growth-positive

Claroty, a supplier of industrial cybersecurity solutions, has received SAFETY Act approval from the U.S. Department of Homeland Security. This makes Claroty the first OT security provider to receive this designation. The SAFETY Act approval provides added protection to Clarotys customers from lawsuits or claims following an act of cyber terrorism. Clarotys OT network monitoring solution offers visibility into OT networks and assets, securing industrial network operations. The platform includes continuous threat detection, secure remote access, and an enterprise management console.

growth-positive

Claroty recently announced an integration partnership with Cisco. Cisco customers can now bring their OT networks up to the same protection standard as their business networks with an integrated solution from Claroty. The solution combines Continuous Threat Detection, Claroty’s visibility, and real-time monitoring technology for OT networks, with Cisco Identity Services Engine (ISE) and Firepower–to extend visibility into the lowest levels of industrial networks and enabling automated, and active threat protection for OT environments. This integrated solution addresses several important OT network protection use cases including deep visibility into industrial networks, automated policies, expanded threat protection, and comprehensive vulnerability management.

growth-positive

Cybersecurity firm Claroty has raised $60 million in a second round of funding to expand its cybersecurity for industrial infrastructure. The round was led by Temasek and included participation from Rockwell Automation, Siemens, Schneider Electric, Envision Ventures, and others. The company plans to use the investment to grow the Claroty brand globally, extend its sales and customer support, and invest in product innovation. Founded in 2014, Claroty has grown its customer base 357 percent from a year ago and now has large-scale customers across six continents in nine market segments.

growth-positive

Claroty, a leader in operational technology (OT) network security, has launched Claroty Vision, a global channel partner program for integrated solution partners, managed service providers (MSPs), and resellers. The program aims to provide partners with the tools and resources they need to accelerate revenue in the industrial cybersecurity market. Claroty also announced new partnerships with Optiv and Kudelski Security, along with other additions to its partner ecosystem. The program offers various participation levels and incentives for partners, including increased margin, deal registration, and co-marketing activities. Clarotys CEO, Amir Zilberstein, stated that the program will help partners engage with customers and solve OT security problems using Clarotys technology.

growth-positive

Israeli cybersecurity firm Claroty has raised $32m in a funding round. The company, which is focused on protecting industrial control systems, has come out of stealth mode and is launching its protection platform for industrial networks. Claroty was established as part of Israeli cybersecurity foundry Team8. Its backers include Bessemer Venture Partners, Eric Schmidt’s Innovation Endeavors, Marker, ICV, Red Dot Capital Partners, and Mitsui & Co., Ltd. The company has offices in Tel Aviv and New York.