On Thursday, 27th September a company based out of San Francisco, Nozomi Networks which specializes in industrial cybersecurity made an announcement in their blog post that the company raised $30 million in a Series C round of funding. This round of funding clearly indicates that investors are seeing a potential for industrial control systems(ICS).
Nozomi Networks offers products and services that use AI (Artificial Intelligence) and gives its users visibility into the security of their ICS networks.
With its platforms like the Central Management Platform and SCADguardian, ICS operators can keep can monitor their industrial assets from threats and risk.
In recent times ICS security is has got a lot of attention as cybercriminals and state-backed hackers regularly threaten and attack critical infrastructure. An attack can impact the company as well as the livelihood of the people who work at such companies. Some of Nozomi Networks competitors in this field are Dragos, Claroty, Radiflow and many others.
In a press release, Nozomi Networks said that “The company has a solid position to address an ICS cyber security market and would continue to grow upward.”
In January the company had raised $15 million in a series B round and has since seen a rapid growth having their offices in Australia, Brazil Germany, Canada, UAE and also the U.K. The company has also partnered with Atos, IBM, and Cisco.
The news comes after the company’s Series B raise of $15 million in January. It says that it’s seen rapid growth since then, having opened offices in Australia, Brazil, Canada, Germany, the United Arab Emirates and the U.K. the company also launched partnerships with IBM, Atos, and Cisco.
Nozomi Networks has so far protected 300,000 devices so far with over 1,000 installations in sectors like Mining, oil and gas, manufacturing, pharmaceuticals, chemicals, and many others.
This round of funding was led by Planven Investments with GGV Capital, Lux Capital, SA, THI investments and Energize Ventures and bring the total amount raised by the company to $54 million.