Security News > 2021 > June > Industrial Cybersecurity Firm Claroty Raises $140 Million in Series D Funding
Industrial cybersecurity company Claroty on Thursday announced that it has raised $140 million in a Series D funding round, which brings the total raised by the firm to $235 million.
Israeli news website Globes reported learning from sources that Claroty was valued at more than $1 billion following this funding round.
Claroty could be the first industrial cybersecurity firm to achieve unicorn status, but it's uncertain as many companies don't comment on valuation.
The New York City-based company pointed out that this is the largest investment received to date by an industrial cybersecurity company.
One of Claroty's competitors, Dragos, raised $110 million in a Series C round last year.
The company was founded in 2014 and it emerged from stealth mode in 2016, when it also announced raising a total of $32 million in Series A and Series B funding rounds.