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Softbank backs $400m investment in Israeli industrial cybersecurity firm Claroty

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Japanese investment giant SoftBank co-led a $400 million investment in Israeli cybersecurity firm Claroty, a maker of software to defend factories and industrial plants from cybersecurity attacks, according to a joint announcement Wednesday.

SoftBank’s Israel operations are headed by former Mossad head Yossi Cohen, who stepped down from the security agency position in June after more than five years on the job. As part of the investment, Cohen will join Claroty’s board of directors.

The new investment comes six months after Claroty raised $140 million, which the company hailed then as the “largest investment ever” within the industrial cybersecurity sector.

The funds will push forward Claroty’s mission “to secure all cyber-physical systems (CPS) across industrial, healthcare, and enterprise environments – the Extended Internet of Things (XIoT),” as well as secure an agreement to acquire........

© The Times of Israel

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