Claroty has announced the opening of a regional headquarters office in Singapore, further establishing its presence in the Asia-Pacific region. Under the leadership of Eddie Stefanescu, general manager of Asia-Pacific and Japan (APJ) at Claroty, the company has been experiencing “hyper growth” in the region, having doubled its client base and achieving 250% growth in revenue year-over-year from H1 2020 to H1 2021.
The company has also tripled its headcount in the region over the past year, with hiring occurring across seven countries.
Stefanescu continued: “Across Australia and Asia, Claroty is a partner for companies in the oil and gas, utilities, manufacturing, water, and electrical power industries, but our customer base is broadening.”
The office opening comes after Claroty’s US$140 million in its Series D financial round, which included participation from Temasek. The company raised the round to meet rapidly accelerating global demand for The Claroty Platform’s visibility, threat detection, risk and vulnerability management, and secure remote access capabilities by expanding into new regions and verticals.
Yaniv Vardi, CEO of Claroty, said: “With the most of the regional working remotely, demand for digital services in APJ is growing, and with digitalisation inherent risk. In the industrial world, that risk is particularly high as previously isolated OT networks become more integrated with IT networks, and thus exposed to a whole host of cyberthreats they were not designed to face. Our expansion in APJ is a reflection of this growing demand as well as the success we’ve achieved to region in the region, and we look forward to working with our strong ecosystem of partners to continue building upon this success.”
He added that the company secures connected devices within the four walls of an industrial site, including OT, Internet of Things (IoT), and Industrial Internet of Things (IIoT) assets. Stefanescu qualified this for the APJ region, and concluded: “Throughout the pandemic, with increasing remote connections, we expanded our capabilities to help our customers secure their IoT devices within the bounds of the industrial environment.”