Industrial cybersecurity startup Nozomi Networks secures $100M in pre-IPO funding – TechCrunch

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Nozomi Networks, an trade cybersecurity startup that goals to defend essential infrastructure from cyberattacks, has raised $100 million in pre-IPO funding. 

The Sequence D funding spherical was led by Triangle Peak Companions, and in addition consists of funding from quite a lot of gear, safety, service supplier and go-to-market corporations together with Honeywell Ventures, Keysight Applied sciences and Porsche Digital. 

This funding comes at a essential time for the corporate. Cyberattacks on industrial management methods (ICS) — the gadgets essential for the continued working of energy crops, water provides, and different essential infrastructure — elevated each in frequency and severity through the pandemic. Look no additional than Could and June, which noticed ransomware assaults goal the IT networks of Colonial Pipeline and meat manufacturing big JBS, forcing the businesses to close down their industrial operations.

Nozomi Networks, which competes with Dragos and Claroty, claims its industrial cybersecurity resolution, which works to safe ICS gadgets by detecting threats earlier than they hit, goals to forestall such assaults from taking place. It supplies real-time visibility to assist organizations handle cyber threat and enhance resilience for industrial operations.

The know-how presently helps greater than 1 / 4 of one million gadgets in sectors resembling essential infrastructure, vitality, manufacturing, mining, transportation, and utilities, with Nozomi Networks doubling its buyer base in 2020 and seeing a 5,000% improve within the variety of gadgets its options monitor. 

The corporate will use its newest funding, which comes lower than two years after it secured $30 million in Sequence C funding, to scale product growth efforts in addition to its go-to-market strategy globally. 

Particularly, Nozomi Networks mentioned it plans to develop its gross sales, advertising, and companion enablement efforts, and improve its merchandise to handle new challenges in each the OT and IoT visibility and safety markets. 

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