Funding round
Claroty Series D
Claroty, which works in AI-Driven cybersecurity solutions development in New York, raised $140M in a Series D round announced on 17 Jun 2021, led by Bessemer Venture Partners and 40 North. 9 firms took part. It is Claroty's fourth venture round on record; the one before was a Series B in Sep 2020.
$140M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
Claroty did not disclose a valuation in this round. It came 9 months after Claroty's Series B. It is 16% of the $867M Claroty has raised in the venture rounds on record. Claroty raised again 6 months later: a Series E round of $400M in Dec 2021. 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 29 Jan 2019, led by US Venture Partners $15M
- Series B 15 Sep 2020, led by Partech $30M
- Series D this round 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
Bessemer Venture Partners and 40 North led the round with 7 other firms.
Lead investors
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- 40 North new investor
Also in the round
- LG new investor
- backs 12 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- Rockwell Automation new investor
- Siemens new investor
- backs 44 venture-backed companies new investor
- Temasek backs 195 venture-backed companies new investor
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
238 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.4 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trulioo Tech Companies | 7 Jun 2021 | $394M | $1.75B | Technology Crossover Ventures |
| ApplyBoard Tech Companies | 15 Jun 2021 | $300M | $3.20B | Ontario Teachers’ Pension Plan |
| Tech Companies | 1 Jun 2021 | $190M | not disclosed | Denso and Cowen Capital |
| Tech Companies | 22 Jun 2021 | $157M | $1.10B | Permira and Salesforce Ventures |
| Verbit Tech Companies | 8 Jun 2021 | $157M | $1.00B | Sapphire Ventures |
| Tech Companies | 23 Jun 2021 | $120M | $1.00B | Goldman Sachs Asset Management |
| Tech Companies | 23 Jun 2021 | $120M | not disclosed | Prysm Capital |
| Tech Companies | 3 Jun 2021 | $110M | $1.20B | Riverwood Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Claroty raise in its Series D round?
Claroty raised $140M in its Series D round, announced in Jun 2021.
Who led Claroty's Series D round?
Bessemer Venture Partners and 40 North led it, with LG, I Squared, Team8, Rockwell Automation and Siemens and 2 more.
What was Claroty's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
238 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.4 times the median.
Did Claroty raise again after this round?
Yes: a Series E round in Dec 2021 of $400M.