SoftBank Co-Leads $400 Million Investment in Cyber-Security Firm Claroty
(Bloomberg) -- Cyber security firm Claroty raised $400 million from investors led by SoftBank Group to finance expansion.
The New-York based company, which protects devices connected to the Internet across a variety of industries, also agreed to buy Medigate, an Israeli firm that provides similar services to clients in the healthcare sector, according to a company statement on Wednesday.
Existing investors Bessemer Venture Partners and Schneider Electric joined SoftBank’s Vision Fund 2 in the funding round, which brings the total amount raised by Claroty to $635 million.
Yossi Cohen, the head of SoftBank’s office in Israel, will join Claroty’s board of directors.
Read more: SoftBank Hires Ex-Mossad Chief Yossi Cohen for Israeli Deals
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