Industrial cybersecurity firm Nozomi Networks has raised $15 million in a Series B funding round, the company announced Wednesday. The new funding brings the total amount raised by the company to date to $23.8 million.
Nozomi’s flagship offering, SCADAguardian, employs machine learning and behavioral analysis to detect zero-day attacks in real-time; while integration with firewalls and SIEMs, ICS incident alerting and notification systems allow rapid response to alerts.
The company said the additional funding will be used to support worldwide expansion of marketing, sales and support and further bolster product innovation.
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| Nozomi Networks Exhibits at SecurityWeek’s 2017 ICS Cyber Security Conference in Atlanta (Image Credit: SecurityWeek) |
The company claims to be rapidly gaining new customers across 5 continents, with more than 200 deployments that span energy, manufacturing, pharmaceuticals, chemicals, mining, utilities and other sectors.
“Now is a prudent time for funding to meet this exploding market opportunity,” said Nozomi Networks CEO Edgard Capdevielle. “We resisted the temptation of raising too much funding before our product leadership was established.”
“FireEye’s recent discovery of Triton malware in the wild highlights how critical infrastructure facilities are increasingly at risk. After extensive testing, we’ve partnered with Nozomi Networks because they provide the right solution customers need to detect these attacks at the earliest stages and minimize the impact before the safety and reliability of their critical operations is threatened,” Grady Summers, CTO at FireEye, said in a statement.
The Invenergy Future Fund led the Series B round with participation from THI Investments and all existing investors, GGV Capital, Lux Capital and Planven Investments SA. Nozomi previously raised $7.5 million in a Series A funding round in late 2016.
Nozomi is one of several security startups targeting the industrial space that have recently raised funding. Others include Dragos, Indegy, Bayshore Networks, CyberX, Claroty, and SCADAFence. Veteran industrial software firm PAS raised $40 million in April 2017. Darktrace, which has an offering targeted to the industrial sector, recently raised $75 million at a valuation of $825 million.
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