Nozomi Networks

Image for Nozomi Networks

Overview

Nozomi Networks is a cybersecurity company specializing in the protection of operational technology (OT) and internet of things (IoT) environments. Founded in 2013 by Andrea Carcano and Moreno Carullo, Nozomi Networks is headquartered in San Francisco, California. With significant backing from investors including Mitsubishi Electric and Schneider Electric, Nozomi has raised a total of $266 million, highlighting its prominence in the cybersecurity sector.

Recent Developments

  • March 2024: Nozomi Networks secured $100 million in a Series E funding round led by Mitsubishi Electric and Schneider Electric. This investment aims to expand Nozomi's market reach and product development, focusing on enhancing its OT/IoT security platform to support heterogeneous operating environments.
  • February 2024: The company was awarded a $1.25 million contract by the U.S. Air Force to develop tools for OT and IoT asset visibility and threat detection, emphasizing its growing influence and capability in securing critical infrastructure.
  • January 2024: Nozomi introduced the Guardian Air, a wireless spectrum sensor designed to monitor and enhance security for OT and IoT environments, signaling an expansion into wireless security capabilities.
  • October 2023: They expanded their platform with the DeRISK integration, in collaboration with DeNexus, enhancing cyber risk management capabilities for critical infrastructure.
  • August 2023: A new strategic partnership with Google Cloud's Mandiant was announced, integrating their threat intelligence capabilities with Nozomi's security solutions.
  • 2023: Nozomi Networks celebrated its position on the CRN Internet of Things 50 list, recognizing its advancements and leadership in IoT security.

Company Information

AttributeInformation
Founding Date2013
HeadquartersSan Francisco, California
FoundersAndrea Carcano, Moreno Carullo
Revenue$43.2 million (2024 estimate)
Key InvestorsMitsubishi Electric, Schneider Electric, In-Q-Tel, Honeywell Ventures
IndustryCybersecurity, OT/IoT Security
Number of EmployeesApproximately 280

Early History

Nozomi Networks was founded in 2013 by cybersecurity experts Andrea Carcano and Moreno Carullo. The company was established with a focus on providing enhanced cybersecurity for industrial control systems (ICS) and operational technology (OT) environments, sectors that had been largely underserved in terms of robust cybersecurity solutions. By developing a platform that offered real-time visibility into these specialized systems, Nozomi quickly garnered attention from key industries including energy, manufacturing, and critical infrastructure. The initial years saw Nozomi expanding its capabilities to include IoT security, leveraging AI to improve threat detection and response times.

Company Profile and Achievements

Nozomi Networks provides a platform that combines network and endpoint visibility, threat detection, and AI-powered analysis to deliver rapid, effective incident responses. Its solutions are integral in managing cyber risks and improving resilience across various sectors, particularly in industries such as energy, transportation, and manufacturing.

  • 2016: Nozomi Networks secured its first significant funding from GGV Capital, which enabled it to expand its technology and market reach.
  • 2019: The company launched Vantage, a SaaS-based solution for OT and IoT network visibility.
  • 2021: Achieved over 100% revenue growth amidst increasing global demand for OT and IoT cybersecurity solutions.
  • 2023: Recognized on the CRN IoT 50 list for innovation in security technologies.
  • 2024: Unveiled Guardian Air, further establishing Nozomi as a leader in innovative solutions for OT and IoT cybersecurity.

Current Operations and Market Position

Nozomi Networks operates at the forefront of cybersecurity for critical infrastructure, providing expansive visibility and protection across OT and IoT environments. Its platform is deployed in 12,000 installations worldwide, safeguarding over 105 million devices. Nozomi's strategic growth has been bolstered by partnerships with leading companies and a robust investment base, positioning it as a key player in the cybersecurity market. The company continues to expand its capabilities and market presence, focusing on developments in cloud-based security solutions and comprehensive risk management tools.

Nozomi Networks Careers

Nozomi Networks offers a range of career opportunities in cybersecurity, technical development, and business operations. With a global presence, the company emphasizes innovation and professional growth, providing its employees with the tools and environment to address complex security challenges around the world.

Nozomi Networks Competitors

Nozomi Networks operates within a competitive cybersecurity landscape, with notable competitors including Dragos and Claroty. These companies also specialize in OT and IoT security, providing solutions for critical infrastructure protection.

Conclusion

Nozomi Networks stands as a critical player in the cybersecurity industry, particularly in the realms of OT and IoT security. Its continued innovation and strategic partnerships ensure it remains at the forefront of safeguarding critical infrastructure globally. As Nozomi Networks evolves, its commitment to enhancing cybersecurity through advanced technology and global collaborations positions it well for future challenges and opportunities in the cybersecurity space.

References

  1. Nozomi Networks Official Site
  2. Security Week Article
  3. Industrial Cyber Report
  4. SiliconAngle Release
  5. Crunchbase Funding Information
  6. CB Insights Profile
  7. Pitchbook Company Overview