Nozomi Networks announces raising $30 million in Series C financing | Automation.com

Nozomi Networks announces raising $30 million in Series C financing

Nozomi Networks announces raising $30 million in Series C financing

September 27, 2018 Nozomi Networks announced it has 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. This latest round follows a $15 million round in January 2018. Funding will be used to fortify Nozomi Networks’ market by broadening its global presence and continuing expansion of research and development. The company is positioned to address an ICS cybersecurity market that continues an upward trajectory.

2018 continues Nozomi Networks’ 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.

Nozomi Networks built its platform specifically for challenging industrial environments, with the scale needed for global installations. Midway through the year, Nozomi Networks had exceeded its annual revenue goals and 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 500+ hydro generation facilities, 400+ gas distribution substations, 300+ electrical substations and dozens of refineries and global manufacturing sites.

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