Nozomi Networks, an industrial and IoT cybersecurity firm, has secured a substantial $100 million Series E funding round, reaching a total funding of over $250 million. Notable investments come from industry giants Mitsubishi Electric and Schneider Electric, joining previous investors such as Honeywell and Johnson Controls.
This influx of funding is earmarked to bolster product development efforts and enhance global market expansion initiatives for Nozomi Networks. Despite the significant investment, the company has not disclosed any immediate plans for an IPO, although it retains the flexibility for such a move given its strong financial position.
Nozomi Networks’ President and CEO, Edgard Capdevielle, emphasized the growing need for robust, OEM-agnostic security solutions in today’s landscape of escalating cyber threats against critical infrastructure. With over 105 million OT, IoT, and IT devices safeguarded globally across 12,000 installations, Nozomi Networks is positioned as a leader in the cybersecurity domain.
The company’s recent innovation, Guardian Air, a security sensor targeting wireless threats in OT and IoT environments, showcases its commitment to advancing cybersecurity technologies. Backed by a diverse group of investors, Nozomi Networks continues to strengthen its presence in the cybersecurity market, poised to address evolving security challenges effectively.
