Cyber-physical systems security company Claroty on Thursday announced raising $150 million in a Series F funding round.
The funding, which brings the total raised by Claroty to roughly $900 million, was led by Golub Growth. Existing investors have confirmed an additional participation of up to $50 million.
Claroty has developed a platform that provides asset visibility, exposure management, network protection, secure access, and threat detection capabilities for xIoT systems, a term that encompasses operational technology such as ICS, IoT, and IIoT.
The company has never publicly confirmed its valuation, which reportedly exceeded $1 billion after a $140 million Series D round in 2021, and reportedly reached $2.5 billion following a $100 million strategic growth funding round in March 2024.
Calcalist reported on Thursday that Claroty’s value has increased by approximately 80%, reaching an estimated $3 billion.
While Claroty has confirmed an 80% increase in its valuation since March 2024, the $3 billion estimates are mathematically inconsistent with the previously reported $2.5 billion baseline. This suggests either a significantly higher current valuation or that previous market estimates were overvalued.
Claroty did not immediately respond to a request for comment regarding its current valuation.
Claroty’s recent leadership hires, its projected path to profitability, and the infusion from Golub Growth (an investor known for late-stage financing) all suggest the company has entered the final stages of preparation for its Wall Street debut.
Claroty CEO Yaniv Vardi told Calcalist that the company aspires to go public and it may be ready for an IPO as early as 2027 if market conditions align.
Cybersecurity firms raised $9.5 billion last year, according to recruitment firm Pinpoint Search Group.
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