Funding round
Claroty Series A
Claroty, which works in AI-Driven cybersecurity solutions development in New York, raised $15M in a Series A round announced on 29 Jan 2019, led by US Venture Partners. 3 firms took part, 2 of them already investors. It is Claroty's second venture round on record; the one before was a Growth in Sep 2016.
$15M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Claroty did not disclose a valuation in this round. It came 28 months after Claroty's Growth. It is 1.7% of the $867M Claroty has raised in the venture rounds on record. Claroty raised again 20 months later: a Series B round of $30M in Sep 2020. Its next priced round, a Growth in Mar 2024, valued it at $2.50B.
Claroty's funding rounds
Claroty has 7 venture rounds on record. This one is highlighted.
- Growth 13 Sep 2016, led by Bessemer Venture Partners $32M
- Series A this round 29 Jan 2019, led by US Venture Partners $15M
- Series B 15 Sep 2020, led by Partech $30M
- Series D 17 Jun 2021, led by Bessemer Venture Partners and 40 North $140M
- Series E 8 Dec 2021, led by SoftBank Vision Fund, Bessemer Venture Partners and Standard Investments $400M
- Growth 6 Mar 2024, led by Delta-v $100M$2.50B post-money
- Series F 22 Jan 2026, led by Golub Growth $150M$3.00B post-money
Investors
Who put money in
US Venture Partners led the round with 2 other firms. YL Ventures and Blumberg Capital had backed Claroty before.
Lead investor
- backs 61 venture-backed companies new investor
Also in the round
- backs 18 venture-backed companies existing investor
- backs 64 venture-backed companies existing investor
Joined the board: Jacques Benkoski (U.S. Venture Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.9 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2019 | $141M | $1.84B | China State-Owned Capital Venture Investment Fund and ICBC Investment |
| Tech Companies | 28 Jan 2019 | $68M | not disclosed | Andreessen Horowitz |
| Tech Companies | 31 Jan 2019 | $50M | not disclosed | General Catalyst |
| Tech Companies | 24 Jan 2019 | $35M | $400M | SignalFire |
| Tech Companies | 7 Jan 2019 | $28M | not disclosed | Tenfore Holdings |
| Verbit Tech Companies | 29 Jan 2019 | $23M | not disclosed | Viola Ventures |
| Tech Companies | 15 Jan 2019 | $19M | not disclosed | Polaris Partners and Ten Eleven |
| Tech Companies | 16 Jan 2019 | $17M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Claroty raise in its Series A round?
Claroty raised $15M in its Series A round, announced in Jan 2019.
Who led Claroty's Series A round?
US Venture Partners led it, with YL Ventures and Blumberg Capital.
What was Claroty's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.9 times the median.
Did Claroty raise again after this round?
Yes: a Series B round in Sep 2020 of $30M.