The provider of security for cyber-physical systems is reportedly seeking an IPO as soon as next year, according to CEO Yaniv Vardi.
Claroty announced Thursday it has raised $150 million in a new round of funding, following several acquisition deals involving some of its top competitors.
The provider of security for cyber-physical systems had most recently achieved a valuation of $2.5 billion in April 2024, according to previous reports. Claroty did not disclose a valuation for its Series F funding round.
[Related: The 25 Hottest Edge Security Companies: 2025 Edge Computing 100]
CRN reached out to Claroty for comment on a Calcalist report that pegged the company’s new valuation at $3 billion. The report also quoted Claroty CEO Yaniv Vardi (pictured) as saying that the company could pursue an initial public offering as soon as 2027.
The new funding was led by Golub Growth and will be targeted for expansion globally, including potentially through M&A. With the new round, Claroty has raised at least $885 million in total funding since its launch in 2015.
Recent expansions to Claroty’s cyber-physical systems protection platform included the debut of a new asset catalog, the CPS Library, which is the “first” in the industry to provide visibility into CPS assets and vulnerability attribution at a truly deep level, according to the New York-based vendor.
M&A Ramps Up
The announcement of the new round Thursday comes amid consolidation in the market for vendors specializing in OT and IoT security.
Nozomi Networks disclosed in September 2025 that it had reached an agreement to be acquired by Mitsubishi Electric for roughly $1 billion. Then in December, ServiceNow announced plans to acquire Armis for $7.75 billion.
Meanwhile, media reports earlier this month suggested that Cisco Systems was in advanced negotiations to acquire Axonius, though a statement from Axonius called the reports false.
