Claroty Ltd., a startup focused on securing industrial infrastructure such plants and power grids, today announced that it has raised a $60 million funding round to support its efforts.

The investment comes just a year and a half after Claroty’s formal launch. Singapore’s Temasek national wealth fund led the round with participation from funds associated with Siemens AG, Schneider Electric SE and other major industrial companies. Several returning backers including Jeff Bezos’ Innovation Endeavors chipped in too.

Claroty will use the capital to address what it sees as the “perfect storm” for cybersecurity tools in the industrial sector. According to the startup, the control systems used in factories and other industrial sites are becoming increasingly connected as companies modernize their infrastructure, which is creating new attack opportunities for hackers. This trend in turn is driving demand for security software.

Claroty offers a platform that can alert companies when one of their systems is displaying suspicious behavior or has a vulnerability. The startup claims that its software can spot a wide range of security weaknesses, from unpatched firmware flaws to configuration issues. It also notifies administrators when they’re about to make a change that might undermine the security posture of a network.

Claroty provides these core detection capabilities alongside several complementary tools. Most notably, the platform includes a dashboard where operations teams can simulate attack vectors as a way of figuring out how a hacker might try to target their companies’ infrastructure.  

Claroty claims that the software is used across six continents by firms in segments as varied as manufacturing and mining. The startup is one of several venture-backed players competing for the industrial sector’s growing cybersecurity spending. Other contenders include Idegy Inc. and CyberX Inc., which recently raised $18 million in funding from a group led Norwest Venture Partners.

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