Milwaukee-based Rockwell Automation Inc. has invested in a $60 million series B funding round for startup Claroty.
Rockwell Automation’s Milwaukee headquarters.
New York-based Claroty developed a cybersecurity platform for industrial control networks. The funding round was led by Temasek, and in addition to Rockwell, also included Aster Capital, Next47, Envision Ventures, Tekfen Ventures, and follow-on investors Bessemer Venture Partners, Team8, Innovation Endeavors and ICV. Claroty, founded in 2014, has now raised a total of $93 million.
Claroty’s customers have installed its products at production facilities worldwide in the electric utilities, oil and gas, chemical, water, manufacturing, food and beverage, mining and real estate sectors. The company has experienced rapid growth as industrial firms connect their industrial automation systems to networks and expose their processes to risk from those seeking information about their processes or plotting ransomware attacks. Read the full story here.
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