SAN FRANCISCO, March 13, 2024 — Nozomi Networks Inc. immediately introduced a $100 million Sequence E funding spherical to assist speed up revolutionary cyber defenses and develop cost-efficient go-to-market growth globally. This newest spherical contains investments from Mitsubishi Electrical, a world chief in digital manufacturing, electronics and electrical tools and Schneider Electrical, a world chief in digital automation and power administration. They be part of a rising checklist of OT unique tools producers (OEMs) who’ve invested in Nozomi Networks, together with earlier buyers Honeywell and Johnson Controls.
“As we meet with prospects all over the world, the fact is that they function extremely heterogeneous environments and are searching for a safety platform that may successfully defend these environments,” stated
Edgard Capdevielle, President and CEO of Nozomi Networks. “This funding clearly underscores the necessity and assist for OEM-agnostic safety options in gentle of immediately’s escalating assaults in opposition to important infrastructure all over the world.”
The corporate will use this newest funding to assist scale product growth efforts in addition to its go-to-market strategy globally. With legal and nation-state cyber threats to industrial and demanding infrastructure on the rise, the necessity for Nozomi Networks options has by no means been higher. On the similar time, current consolidation within the OT and IoT safety house is driving a brand new want for full-featured options that aren’t restricted to single-vendor assist, however quite are capable of holistically handle the cybersecurity necessities of the overwhelming majority of business and demanding infrastructure organizations who should shield advanced, multi-vendor environments.
“With the growing threat of cyber threats going through important infrastructure homeowners in every single place, now just isn’t the time to compromise on cybersecurity,” stated
Barbara Frei-Spreiter, Government Vice President of Industrial Automation, Schneider Electrical. “As a companion of Nozomi Networks, we now have collaborated over time to offer prospects with cybersecurity options and companies that assist them to manage, forestall and mitigate dangers to their operations. This funding speaks to making sure the market has entry to sturdy cybersecurity options that may scale with out compromise throughout heterogeneous industrial and demanding infrastructure environments and reinforces the significance of interoperability throughout programs and distributors.”
“There’s by no means been a extra necessary time to put money into important infrastructure cybersecurity, and Nozomi Networks stands out globally as a number one provider in that section,” stated
Satoshi Takeda, Chief Digital Officer, Mitsubishi Electrical. “Nozomi Networks’ distinctive R&D mannequin and talent to innovate and scale shortly units them aside. Clients and companions all depend on Nozomi Networks’ experience and consistently advancing expertise to safe the economic infrastructure that runs the world.”
Nozomi Networks prospects profit from the corporate’s broad business assist from the OT and IoT OEM group, with current partnerships with ABB, Emerson, GE Vernova (previously GE Energy and GE Renewable Power), Hitachi Power, Honeywell, Johnson Controls, Mitsubishi Electrical, Mitsubishi Heavy Industries, Schneider Electrical, Siemens, and Yokogawa. These partnerships allow Nozomi Networks to offer superior assist for patrons’ heterogeneous working environments.
This spherical is the most recent in a sequence of milestones for the corporate, together with:
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Greater than 105 million OT, IoT and IT units protected worldwide
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12,000+ installations spanning six continents
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5x natural development in ARR since launching its flagship Vantage product in 2021
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Greater than 2,000 Licensed Nozomi Networks Engineers worldwide
Mitsubishi Electrical and Schneider Electrical be part of a distinguished checklist of Nozomi Networks buyers, together with prior buyers Activate Capital, Energize Capital, Ahead Investments, GGV Capital U.S., Honeywell Ventures, In-Q-Tel, Johnson Controls, Keysight Applied sciences, Lux Capital, Planven Investments SA, Samsung, Porsche Ventures, Telefónica Ventures, and Triangle Peak Companions.
About Nozomi Networks
Nozomi Networks protects the world’s important infrastructure from cyber threats. Our platform uniquely combines community and endpoint visibility, menace detection, and AI-powered evaluation for quicker, simpler incident response. Clients depend on us to attenuate threat and complexity whereas maximizing operational resilience. www.nozominetworks.com
