SAN FRANCISCO, March 13, 2024 — Nozomi Networks Inc. immediately introduced a $100 million Collection E funding spherical to assist speed up revolutionary cyber defenses and increase cost-efficient go-to-market enlargement globally. This newest spherical consists of investments from Mitsubishi Electrical, a worldwide chief in digital manufacturing, electronics and electrical gear and Schneider Electrical, a worldwide chief in digital automation and power administration. They be part of a rising listing of OT unique gear producers (OEMs) who’ve invested in Nozomi Networks, together with earlier buyers Honeywell and Johnson Controls.
“As we meet with prospects world wide, the fact is that they function extremely heterogeneous environments and are in search of 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 help for OEM-agnostic safety options in mild of immediately’s escalating assaults in opposition to crucial infrastructure world wide.”
The corporate will use this newest funding to assist scale product growth efforts in addition to its go-to-market strategy globally. With prison and nation-state cyber threats to industrial and significant infrastructure on the rise, the necessity for Nozomi Networks options has by no means been larger. On the identical time, latest consolidation within the OT and IoT safety area is driving a brand new want for full-featured options that aren’t restricted to single-vendor help, however quite are capable of holistically deal with the cybersecurity necessities of the overwhelming majority of commercial and significant infrastructure organizations who should defend complicated, multi-vendor environments.
“With the rising danger of cyber threats going through crucial infrastructure homeowners in every single place, now will not be the time to compromise on cybersecurity,” stated
Barbara Frei-Spreiter, Govt Vice President of Industrial Automation, Schneider Electrical. “As a associate of Nozomi Networks, we now have collaborated through the years to supply prospects with cybersecurity options and providers 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 significant infrastructure environments and reinforces the significance of interoperability throughout techniques and distributors.”
“There’s by no means been a extra essential time to put money into crucial infrastructure cybersecurity, and Nozomi Networks stands out globally as a number one provider in that phase,” stated
Satoshi Takeda, Chief Digital Officer, Mitsubishi Electrical. “Nozomi Networks’ distinctive R&D mannequin and talent to innovate and scale shortly units them aside. Prospects and companions all depend on Nozomi Networks’ experience and continuously advancing know-how to safe the commercial infrastructure that runs the world.”
Nozomi Networks prospects profit from the corporate’s broad trade help from the OT and IoT OEM group, with current partnerships with ABB, Emerson, GE Vernova (previously GE Energy and GE Renewable Vitality), Hitachi Vitality, Honeywell, Johnson Controls, Mitsubishi Electrical, Mitsubishi Heavy Industries, Schneider Electrical, Siemens, and Yokogawa. These partnerships allow Nozomi Networks to supply superior help 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 gadgets 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 listing 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 crucial infrastructure from cyber threats. Our platform uniquely combines community and endpoint visibility, risk detection, and AI-powered evaluation for sooner, more practical incident response. Prospects depend on us to attenuate danger and complexity whereas maximizing operational resilience. www.nozominetworks.com