Industrial cybersecurity startup Claroty raises $140M in pre-IPO funding round

Claroty, an industrial cybersecurity company that helps customers protect and manage their Internet of Things (IoT) and operational technology (OT) assets, has raised $140 million in its latest, and potentially last, round of funding.  With the new round of Series D funding, co-led by Bessemer and 40 North, the company has now amassed a total of […]

Industrial automation startup Bright Machines hauls in $435M by going public via SPAC

Bright Machines is going public via a SPAC-led combination, it announced this morning. The transaction will see the 3-year-old company merge with SCVX, raising gross cash proceeds of $435 million in the process. After the transaction is consummated, the startup will sport an anticipated equity valuation of $1.6 billion. The Bright Machines news indicates that […]