{"id":2737,"date":"2024-03-14T16:19:32","date_gmt":"2024-03-14T21:19:32","guid":{"rendered":"https:\/\/www.darkreading.com\/ics-ot-security\/nozomi-networks-secures-100-million-investment-to-defend-critical-infrastructure"},"modified":"2024-03-14T16:19:32","modified_gmt":"2024-03-14T21:19:32","slug":"nozomi-networks-secures-100m-investment-to-defend-critical-infrastructure","status":"publish","type":"post","link":"https:\/\/ddi.mohflo.net\/index.php\/2024\/03\/14\/nozomi-networks-secures-100m-investment-to-defend-critical-infrastructure\/","title":{"rendered":"Nozomi Networks Secures $100M Investment to Defend Critical Infrastructure"},"content":{"rendered":"
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SAN FRANCISCO, March 13, 2024 <\/span><\/span>\u2014 <\/span>Nozomi Networks Inc<\/a><\/span>. 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 <\/span>Mitsubishi Electric<\/span><\/span>, a global leader in digital manufacturing, electronics and electrical equipment and <\/span>Schneider Electric<\/span><\/span>, a global leader in digital automation and energy management. They join a growing list of OT original equipment manufacturers (OEMs) who have invested in Nozomi Networks, including previous investors Honeywell and Johnson Controls.<\/span><\/p>\n

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\u201cAs 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,\u201d said<\/span><\/p>\n

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Edgard Capdevielle, President and CEO of Nozomi Networks<\/span><\/span>. \u201cThis investment clearly underscores the need and support for OEM-agnostic security solutions in light of today\u2019s escalating attacks against critical infrastructure around the world.\u201d<\/span><\/p>\n<\/blockquote>\n<\/div>\n

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\u2019t 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.<\/span><\/p>\n

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\u201cWith the increasing risk of cyber threats facing critical infrastructure owners everywhere, now is not the time to compromise on cybersecurity,\u201d said<\/span><\/p>\n

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Barbara Frei-Spreiter, Executive Vice President of Industrial Automation, Schneider Electric<\/span><\/span>. \u201cAs 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.\u201d  <\/span><\/p>\n<\/blockquote>\n<\/div>\n

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\u201cThere\u2019s 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,\u201d said<\/span><\/p>\n

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Satoshi Takeda, Chief Digital Officer, Mitsubishi Electric<\/span><\/span>. \u201cNozomi Networks\u2019 unique R&D model and ability to innovate and scale quickly sets them apart. Customers and partners all rely on Nozomi Networks\u2019 expertise and constantly advancing technology to secure the industrial infrastructure that runs the world.\u201d<\/span><\/p>\n<\/blockquote>\n<\/div>\n

Nozomi Networks customers benefit from the company\u2019s 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\u2019 heterogeneous operating environments.<\/span><\/p>\n

This round is the latest in a series of milestones for the company, including:<\/span><\/p>\n

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