Claroty

Singapore-based technology services firm NEXTGEN Group Asia and United States-based cyber-physical systems (CPS) protection company Claroty have announced a new distribution partnership extending across Singapore, Indonesia, and Philippines.

The rise of the interconnected Internet of Medical Things (IoMT) and other healthcare cyber-physical systems means cyber threats have the potential to disrupt patient care by triggering device outages or malfunctions. 

Alarmingly, Gartner predicts that cyber attackers will be able to weaponize OT environments to successfully harm or kill humans by the year 2025. But with this sensationalism comes a greater awareness of the pressing need for specialized OT security solutions and standards. In fact, OT security has become a security issue of national concern.

Claroty has raised $400 million in Series E funding and entering an agreement to acquire Medigate. The round brings the company’s total funding to $635 million, making it the most well-funded cybersecurity company in the industrial, healthcare, and enterprise IoT sectors.

Digital transformation expands an organization’s attack surface, making it easier for threat actors to enter the network and gain control of OT assets. Without the correct security tools in place organizations can’t identify vulnerabilities or detect malicious activity.

The office opening comes shortly after Claroty’s $140 million Series D fundraise, which included participation from Temasek, Singapore's state investor. The company raised the round in order to meet rapidly accelerating global demand for The Claroty Platform’s visibility, threat detection, risk, and vulnerability management, and secure remote access…