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TLDR:
Nozomi Networks, a leader in operational technology and IoT security, has secured $100m in Series E funding from Mitsubishi Electric, Schneider Electric, and other OT OEMs. This investment will help the company enhance its cybersecurity solutions and expand its global market presence. Nozomi Networks’ OEM-agnostic security platforms are in high demand due to increasing cyber threats against critical infrastructure worldwide. The funding will support product development and global go-to-market strategies.
Full Article:
Nozomi Networks has successfully closed a $100m Series E investment round led by Mitsubishi Electric, Schneider Electric, and other OT original equipment manufacturers (OEMs). This significant capital infusion will advance Nozomi Networks’ mission of safeguarding global critical infrastructure against escalating cyber threats.
The funding will be utilized to enhance the company’s cybersecurity solutions and support its global market expansion. Nozomi Networks is known for its OEM-agnostic security platforms designed to protect complex operational environments from cyber attacks.
With cyber threats on the rise, the demand for Nozomi Networks’ comprehensive security solutions has increased. This investment aims to broaden the company’s product development and global go-to-market strategy.
The funding reinforces the company’s vision of delivering full-featured, vendor-neutral cybersecurity solutions for industrial and critical infrastructure organizations.
Notable quotes from the company’s leadership and investors underscore the strategic importance of this funding. Nozomi Networks President and CEO Edgard Capdevielle highlighted the need for OEM-agnostic security solutions in the face of escalating attacks on critical infrastructure globally.
Barbara Frei-Spreiter, Executive Vice President of Industrial Automation at Schneider Electric, emphasized the importance of scalable cybersecurity solutions across heterogeneous industrial environments.
Nozomi Networks has previously received support from OT and IoT OEMs like Honeywell and Johnson Controls, showcasing broad industry endorsement and commitment to securing global infrastructure.
