Nozomi Networks raises USD 100 million to grow its industrial cybersecurity business


Nozomi Networks, an industrial and IoT cybersecurity firm, has announced a USD 100 million Series E funding round, raising the company’s total to more than USD 250 million.

Mitsubishi Electric and Schneider Electric are among the latest OT equipment manufacturers (OEMs) to invest in Nozomi, joining Honeywell and Johnson Controls. Nozomi says the additional investment will help scale product development efforts and support its global go-to-market strategy.

The company has not disclosed any plans for an IPO, but previously told SecurityWeek that its funding, combined with customer revenue, gives them the “optionality to IPO.”

Read More: Nozomi Networks Raises $100 Million to Expand Industrial Cybersecurity Business

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