Claroty Secures $150M Series F Funding Led by Golub Growth

Why It Matters

The infusion accelerates Claroty’s ability to scale its CPS security suite, meeting escalating demand from sectors where cyber attacks directly threaten physical assets and national security.

Key Takeaways

• Claroty raised $150M Series F led by Golub Growth.
• Funding adds up to $200M including existing investors.
• Platform targets cyber‑physical systems in critical infrastructure.
• Aims to expand globally via organic and inorganic growth.
• Addresses OT‑IT ownership gaps and skill shortages.

Pulse Analysis

The cyber‑physical systems (CPS) market has moved from niche to mainstream as ransomware groups increasingly target the physical layer of critical infrastructure. Utilities, oil pipelines, and food processing plants now face threats that can disrupt real‑world operations, prompting a shift in security budgets toward integrated OT solutions. Analysts note that the convergence of IT and OT security demands platforms capable of continuous monitoring, anomaly detection, and rapid incident response, a space where Claroty has built a strong reputation for deep domain expertise.

Claroty’s $150 million Series F injection, supplemented by up to $50 million from existing backers, provides the financial runway to pursue both organic growth—such as expanding sales teams and R&D—and inorganic strategies like strategic acquisitions. The funding signals confidence from Golub Growth in Claroty’s ability to capture a larger share of the rapidly maturing CPS protection market, which Gartner projects to grow at double‑digit rates over the next five years. Customers can expect accelerated product enhancements, broader geographic coverage, and tighter integration with emerging standards for OT risk management.

For the broader industry, Claroty’s capital raise underscores the escalating importance of securing the nexus between cyber and physical realms. As regulators tighten compliance requirements for critical infrastructure, vendors that offer a holistic platform—combining threat intelligence, device visibility, and compliance reporting—will gain a competitive edge. Claroty’s expansion may also pressure rivals to consolidate or innovate, potentially reshaping the market landscape and driving further investment into CPS security solutions.

Deal Summary

Claroty announced a $150 million Series F round led by Golub Growth, an affiliate of Golub Capital, with existing investors contributing up to $50 million. The capital will fund global expansion and further development of its cyber‑physical systems protection platform.