Nozomi Networks Secures $100M in Series E Funding

Nozomi Networks, a cybersecurity company based in San Francisco, has successfully raised $100 million in a Series E funding round. The investment comes at a crucial time as cyber threats to critical infrastructure continue to rise globally. Nozomi Networks specializes in protecting industrial equipment and connected devices from malicious attacks, with a focus on operational technology (OT) and IoT security. The funding round was led by strategic investors Mitsubishi Electric and Schneider Electric, highlighting the growing importance of securing infrastructure from cyber threats. Nozomi Networks plans to use the funds to enhance its product development efforts and expand its global market presence. The company's CEO, Edgard Capdevielle, emphasized the need for OEM-agnostic security solutions in the face of escalating attacks on critical infrastructure worldwide. With over 105 million devices protected by its platform, Nozomi Networks is at the forefront of industrial cybersecurity innovation. The investment in Nozomi Networks reflects the increasing investor interest in OT security, as other companies in the sector have also recently secured significant funding. As the energy sector remains a prime target for cyber attacks, the importance of robust cybersecurity solutions cannot be overstated. Nozomi Networks' success in raising $100 million underscores its commitment to safeguarding critical infrastructure and its potential for future growth and expansion.