Nozomi Networks, a specialist in industrial cybersecurity and operational visibility announced today it has raised USD30 million in Series C financing.
The company’s first institutional investor, Giovanni Canetta Roeder, led the efforts of Planven Investments SA, GGV Capital, Lux Capital, Energize Ventures (formerly Invenergy Future Fund) and THI Investments, bringing Nozomi Networks’ total funding to date to USD53.8 million. This latest round quickly follows a USD15 million round in January 2018. Funding will be used to fortify Nozomi Networks’ market lead by further broadening its global presence and continuing expansion of research and development. The company is solidly positioned to address an ICS cybersecurity market that continues an upward trajectory.
“The backing of all our existing investors so quickly after our previous round is tremendous validation that the time for Nozomi Networks is now,” says Edgard Capdevielle, President and CEO of Nozomi Networks. “While 2018 has been a year of great attention on industrial vulnerabilities, 2019 will be the year the industry takes greater action to secure the world’s critical infrastructure.”
2017 was a breakout year in which Nozomi Networks significantly beat its revenue goals and expanded its customer footprint across five continents, culminating in its series B funding round in January. 2018 continues Nozomi Networks’ explosive growth, as the company entered into global strategic partnerships with IBM, Atos and Cisco, and opened offices in Australia, Brazil, Canada, Germany, United Arab Emirates and the United Kingdom.
“Since our initial investment in the company, we’ve only grown more excited about this market and in Nozomi Networks management team’s ability to build a global enterprise software company. Nozomi Networks is a customer-focused and reliable organisation and it is uniquely positioned to address its clients’ most advanced ICS cybersecurity threats,” says Giovanni Canetta Roeder, CEO, Planven Investments SA. “Now is the right time to double down on our investment in Nozomi Networks.”
Nozomi Networks built its platform specifically for the most challenging industrial environments, with the scale needed for large global installations. Substantive new deployments and expanding engagements with existing customers is proof positive that Nozomi Networks has the right solution to deliver the ICS security and operational visibility customers need to be resilient.
