Latest round spotlights demand for an OT/IoT security platform that supports heterogeneous operating environments.
Nozomi Networks has secured a US$100m Series E funding round to help accelerate innovative cyber defences and expand cost-efficient go-to-market expansion globally.
This latest round includes investments from Mitsubishi Electric and Schneider Electric – joining a growing list of OT original equipment manufacturers (OEMs) who have invested in Nozomi Networks.
“As we meet with customers around the world, the reality is that they operate highly heterogeneous environments and are looking for a security platform that can effectively defend those environments,” said Edgard Capdevielle, President and CEO, Nozomi Networks.
“This investment clearly underscores the need and support for OEM-agnostic security solutions in light of today’s escalating attacks against critical infrastructure around the world.”
The company will use this latest investment to help scale product development efforts as well as its go-to-market approach globally.
Recent consolidation in the OT and IoT security space is driving a new need for full-featured solutions that aren’t limited to single-vendor support but are able to holistically address the cybersecurity requirements of the vast majority of industrial and critical infrastructure organisations who must protect complex, multi-vendor environments.
“With the increasing risk of cyber threats facing critical infrastructure owners everywhere, now is not the time to compromise on cybersecurity,” 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 to control, prevent and mitigate risks to their operations.
“This investment speaks to ensuring the market has access to robust cybersecurity solutions that can scale without compromise across heterogeneous industrial and critical infrastructure environments and reinforces the importance of interoperability across systems and vendors.”
“There’s never been a more important time to invest in critical infrastructure cybersecurity and Nozomi Networks stands out globally as a leading supplier in that segment,” said Satoshi Takeda, Chief Digital Officer, Mitsubishi Electric.
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 milestones for the company, including:
- A decade of innovation in OT and IoT cybersecurity – including the recent launch of the industry’s first multi-spectrum wireless security sensor.
- More than 105 million OT, IoT and IT devices protected worldwide.
- 12,000+ installations spanning six continents.
- 5x organic growth in ARR since launching its flagship Vantage product in 2021.
- More than 2,000 Certified Nozomi Networks Engineers worldwide.
