Nozomi Networks Raises $7.5M in Series A Funding

nozomi_networksNozomi Networks, a Menlo Park, Calif.- and and Mendrisio, Switzerland-based provider of a cybersecurity and operational visibility platform for industrial control systems (ICS), completed a $7.5m Series A round of financing.

The round was co-led by GGV Capital and Lux Capital with participation from existing investor Planven Investments SA. In conjunction with the funding, Glenn Solomon, Managing Partner at GGV Capital, and Bilal Zuberi, Partner at Lux Capital, will join Nozomi’s board of directors.

The company intends to use the funds to establish corporate headquarters in the United States, in addition to Switzerland.

Established in 2013 by Chief Product Officer Andrea Carcano and CTO Moreno Carullo, both experts in industrial network security, artificial intelligence and machine learning, and led by newly appointed CEO Edgard Capdevielle, Nozomi Networks provides cybersecurity and operational visibility solutions for industrial control systems (ICS). Its platform automatically builds an internal model of the industrial network and physical process and uses behavioral analytics and continuous monitoring to get access to real-time insight into ICS networks, devices and process status, identifying and enabling remediation of cyberattacks and process anomalies.

Today, the company’s┬áproducts monitor more than 50,000 industrial devices in dozens of multinational customer sites spanning oil & gas, electric utilities, manufacturing and transportation.

FinSMEs

24/10/2016

 

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