Israeli cyber-security firm Claroty exits 'stealth mode,' raises $32 million
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
JERUSALEM (Reuters) - Israeli cyber security start-up Claroty said on Tuesday it raised $32 million in funding and is exiting so-called stealth mode after operating in secret for the past two years.
Claroty's financial backers include Bessemer Venture Partners, Innovation Endeavors - run by Google chairman Eric Schmidt - Marker, ICV, Red Dot Capital Partners and Mitsui & Co.
The company was co-founded in 2014 by Team 8, which was founded by Nadav Zafrir, a former head of the Israeli military's intelligence unit 8200. It focuses on operational technology network protection in securing critical infrastructure at industrial control systems such as power grids, steel mills and oil refineries.
"The reason these critical systems are increasingly exposed to cyber threats is twofold: Industrial and IT networks are becoming considerably more interconnected in order to achieve important business goals, but industrial control systems were originally designed with safety and resilience, not cyber-security, as primary objectives," said Amir Zilberstein, Claroty's CEO.
(Reporting by Steven Scheer)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Huge crowd of mourning Thais sings royal anthem in honor of late king
- Nordea chairman says merger with ABN Amro would create 'fine bank'
- Sinai general killed near Cairo
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!