SAN FRANCISCO, March 13, 2024 — Nozomi Networks Inc. today announced a $100 million Series E funding round to help accelerate innovative cyber defenses and expand go-to-market expansion globally. This latest round includes investments from Mitsubishi Electricglobal leader in digital manufacturing, electronics and electrical equipment and Schneider Electric, a global leader in digital automation and energy management. They join a growing list of OT original equipment manufacturers (OEMs) that have invested in Nozomi Networks, including previous investors Honeywell and Johnson Controls.
“As we meet with customers around the world, the reality is that they operate in highly heterogeneous environments and are looking for a security platform that can effectively defend those environments,” he said
Edgard Capdevielle, President and CEO of Nozomi Networks. “This investment clearly highlights the need for and support for OEM-agnostic security solutions in light of today’s growing attacks against critical infrastructure around the world.”
The company will use this latest investment to help broaden its product development efforts and its go-to-market approach globally. With the rise of criminal and national cyber threats to industrial and critical infrastructure, the need for Nozomi Networks solutions has never been greater. At the same time, recent consolidation in the OT and IoT security space is driving a new need for comprehensive solutions that are not limited to supporting a single vendor, but rather are able to holistically address the cybersecurity requirements of the vast majority. majority of consumers. industrial and critical infrastructure organizations that need to protect complex, multi-vendor environments.
“With the growing risk of cyber threats facing critical infrastructure owners everywhere, now is not the time to compromise on cybersecurity,” he said
Barbara Frei-Spreiter, executive vice president of industrial automation, Schneider Electric. “As a partner of Nozomi Networks, we have collaborated over the years to provide customers with cybersecurity solutions and services that help them control, prevent and mitigate risks to their operations. This investment aims to ensure that the market has access to robust cybersecurity solutions that can scale without compromise across heterogeneous industrial environments and critical infrastructures and reinforces the importance of interoperability between systems and vendors.”
“There has never been a more important time to invest in critical infrastructure cybersecurity, and Nozomi Networks stands out globally as a leading provider in that segment,” he said
Satoshi Takeda, Digital Director, Mitsubishi Electric. “Nozomi Networks’ unique R&D model and ability to innovate and scale rapidly sets them apart. Customers and partners all rely on Nozomi Networks’ expertise and constantly advancing technology to protect the industrial infrastructure that rules the world.”
Nozomi Networks customers benefit from the company’s broad industry support from the OT and IoT OEM community, with existing partnerships with ABB, Emerson, GE Vernova (formerly GE Power and GE Renewable Energy), Hitachi Energy, Honeywell, Johnson Controls, Mitsubishi Electric, Mitsubishi Heavy Industries, Schneider Electric, Siemens and Yokogawa. These partnerships enable Nozomi Networks to provide superior support for customers’ heterogeneous operating environments.
This round is the latest in a series of major milestones for the company, including:
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Over 105 million OT, IoT and IT devices protected worldwide
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Over 12,000 installations on six continents
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5x organic growth in ARR since launching its flagship product Vantage in 2021
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Over 2,000 Nozomi Networks certified engineers worldwide
Mitsubishi Electric and Schneider Electric join an illustrious list of Nozomi Networks investors, including previous investors Activate Capital, Energize Capital, Forward Investments, GGV Capital US, Honeywell Ventures, In-Q-Tel, Johnson Controls, Keysight Technologies, Lux Capital, Planven Investments SA, Samsung, Porsche Ventures, Telefónica Ventures and Triangle Peak Partners.
Information on Nozomi networks
Nozomi Networks protects the world’s critical infrastructure from cyber threats. Our platform uniquely combines network and endpoint visibility, threat detection, and AI-driven analytics for faster, more effective incident response. Customers rely on us to minimize risk and complexity while maximizing operational resilience. www.nozominetworks.com