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Claroty operates in a highly competitive landscape where cybersecurity solutions are rapidly evolving. Its main competitors, including Nozomi Networks and Darktrace, offer robust threat detection and innovative AI-driven solutions for securing operational technology environments. These competitors maintain strong market positions through advanced security features and diversified product portfolios. In addition to these primary rivals, companies like Cisco Cyber Vision, Palo Alto Networks, and Armis exert competitive pressure by leveraging their established brand reputations and comprehensive security solutions. This has necessitated continuous innovation and differentiation in Claroty's offerings. Key competitive differentiators for Claroty include: - A specialized focus on cybersecurity for operational technology - Proven ROI through successful case studies - Flexible deployment options and rapid implementation capabilities
Claroty has raised a total of $640 million through multiple funding rounds, with the latest round being a Series E funding of $400 million complemented by a $100 million strategic growth financing round. These investments are directed toward vertical expansion, product innovation, and strategic partnerships in the cybersecurity domain.
Claroty generates revenue primarily through subscription-based cybersecurity solutions targeted at critical infrastructure sectors. The company employs a product-led growth strategy that focuses on enterprise deals, strategic partnerships, and upselling additional security services.
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