Foley Represents LG Technology Ventures in $140M Financing for Industrial Cybersecurity Unicorn Claroty

Foley & Lardner served as counsel to LG Technology Ventures, the corporate venturing arm of LG Group, in its venture investment in Claroty, an Israeli industrial cybersecurity company that raised $140 million in Series D funding, rendering it Israel’s newest unicorn. With the latest round, the company has raised $235 million to date.

The round marks the largest investment ever made within the industrial cybersecurity sector, establishing Claroty’s market leadership as the world grapples with an uptick in cyberattacks on critical infrastructure in recent months. The new funding will be used to accelerate Claroty’s expansion into new verticals and regions and further enhance its product portfolio.

The Foley team was led by Partner Louis Lehot and included Partners Nicole Hatcher, Kamran Mirrafati, Casey Knapp, Raj Tanden and Shabbi Khan, as well as Special Counsel Catherine Zhu and Associate Ethan Floyd.