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 cost-efficient go-to-market expansion globally.
This latest round includes investments from Mitsubishi Electric, a global 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 who have invested in Nozomi Networks, including previous investors Honeywell and Johnson Controls.
The company will use this latest investment to help scale product development efforts as well as its go-to-market approach globally.
With criminal and nation-state cyber threats to industrial and critical infrastructure on the rise, 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 full-featured solutions that aren't limited to single-vendor support, but rather are able to holistically address the cybersecurity requirements of the vast majority of industrial and critical infrastructure organizations who must protect complex, multi-vendor environments.
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, 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.
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.
5x organic growth in ARR since launching its flagship Vantage product in 2021.
Nozomi Networks protects the world's critical infrastructure from cyber threats.
Our platform uniquely combines network and endpoint visibility, threat detection, and AI-powered analysis for faster, more effective incident response.
Customers rely on us to minimize risk and complexity while maximizing operational resilience.
This Cyber News was published on www.darkreading.com. Publication date: Thu, 14 Mar 2024 21:30:09 +0000