Led · Series C · Sep 2018

Nozomi Networks provides OT and IoT security through a platform that combines network and endpoint visibility, threat detection, and AI-powered analysis to support effective incident response. The company serves customers seeking to minimize risk and complexity while maximizing operational resilience for critical infrastructure. Led by President and CEO Edgard Capdevielle, Nozomi emphasizes OEM-agnostic security solutions in response to escalating attacks on critical infrastructure. The firm intends to use the new funds to scale product development efforts and expand its go-to-market approach globally. Nozomi is based in San Francisco, CA. The company recently completed a significant financing round that strengthens its financial position for growth. Nozomi Networks builds industrial cybersecurity software that detects threats to industrial control systems (ICS) and provides real-time visibility to manage cyber risk and improve operational resilience. Its technology supports almost 50 million devices across sectors including critical infrastructure, energy, manufacturing, mining, transportation and utilities. The company says it doubled its customer base in 2020 and saw a 5,000% increase in the number of devices its solutions monitor. Nozomi competes with firms such as Dragos and Claroty and emphasizes preventing attacks before they hit OT environments. It plans to scale product development and expand go-to-market efforts globally, with specific investments in sales, marketing and partner enablement and product upgrades for OT and IoT visibility and security. The business recently raised a significant pre-IPO financing to fund those efforts following a Series C earlier under two years prior. Nozomi Networks provides OT and IoT security and visibility solutions that deliver operational visibility, advanced threat detection and operational insight for industrial control networks. Its products are deployable onsite and in the cloud and span IT, OT and IoT to automate inventorying, visualizing and monitoring through the use of AI. The company’s solutions currently support more than 17 million devices in thousands of installations across energy, manufacturing, mining, transportation, utilities, building automation, smart cities and critical infrastructure. Nozomi aims to extend IT, OT and IoT cybersecurity services across public and private sector enterprises in the UAE and the broader MENA region through a partnership with Forward Investments. To date the company’s total funding exceeds $54M, with backers including GGV Capital, Lux Capital, Energize Ventures, Planven Investments and Telefónica. The company emphasizes securing modernization of critical industrial infrastructure and accelerating digital transformation for utilities and other OT sites. Nozomi Networks delivers security and operational visibility for OT and IoT environments, using AI to automate inventory, visualization and monitoring of industrial control networks. Its products can be deployed on‑premises and in the cloud and span IT, OT and IoT environments. The company supports more than 3.6 million devices across over 2,400 installations and operates in 16 countries. Use cases extend beyond cybersecurity to troubleshooting, asset management and predictive maintenance. Nozomi is positioned as a market leader in OT/IoT security and detection and partners with service providers to reach industrial customers. The company has raised more than $54 million in total funding to date from investors named in the article. Nozomi Networks builds security products for industrial control systems, emphasizing passive threat and anomaly detection that combines behavior-based and signature-based approaches, and offering an active detection option for specific threats. The company says it secures more than 300,000 industrial devices and counts hundreds of hydroelectric and gas distribution facilities among its customers. Management plans to continue investing in product and R&D while prioritizing awareness, sales, reach, and technical support to expand its customer base. This year the company has expanded its global footprint to target markets including Canada, the UK, and Germany. The rise in connectivity of ICS systems and growing threats to critical infrastructure form the backdrop for demand in Nozomi’s offerings. Financially, Nozomi has completed multiple raises this year and reported a valuation of about $150 million after an earlier round.