Nozomi Raises $30 Million

Thursday, September 27, 2018 @ 04:09 PM gHale

Network monitoring provider, Nozomi Networks Inc., raised $30 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 $53.8 million.

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This latest round quickly follows a $15 million round in January this year.

Funding will be used to further broaden Nozomi’s global presence and continue its expansion of research and development.

“The backing of all our existing investors so quickly after our previous round is tremendous validation that the time for Nozomi Networks is now,” said 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.”

Last year Nozomi said it beat its revenue goals and expanded its customer footprint across five continents, culminating in its series B funding round in January.

This year, Nozomi 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.

Nozomi now has more than 1000 installations, monitoring and protecting over 300,000 industrial devices spanning utilities, oil and gas, manufacturing, pharmaceuticals, chemicals, mining and other critical infrastructure sectors.

That includes over 500 hydro generation facilities, over 400 gas distribution substations, over 300 electrical substations and dozens of refineries and global manufacturing sites.



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