Accelerace alumnus Nozomi Networks, an industrial cybersecurity company, has secured a $30 million Series C. The capital is earmarked to position the company better to sell its services and enter new markets.
We would like to express a big congratulations to our former alumnus Nozomi Networks. The industrial cybersecurity company has just secured a Series C funding of $30 million.
The investment, led by Planven Investments, GGV Capital, Lux Capital, Energize Ventures, and THI Investments, will be put into entering new markets and better position the company to sell its services.
Employing high tech in the energy sector
Back in 2015, Nozomi Networks was a part of the INSENSe programme runs by Accelerace together with ENEL, Endesa, and FundingBox. INSENSe is short for INternet Cleantech ENablers Spark projects and aimed to foster innovation and high tech employment in the European Energy Sector.
Nozomi Networks is founded by Andrea Carcano and Moreno Carullo in Switzerland. The company is now headquartered in San Francisco. The company delivers an innovative solution for real-time cybersecurity and operational visibility for industrial control networks to detect threats before they hit.
A 150 million dollar valuation
The Italian energy company ENEL gave Nozomi Networks one of its first tasks cybersecurity security challenges in ENEL’s systems.
In January 2018 Nozomi secured another investment of $15 million. With the new Series C, the company’s valuation is at $150 million.
“Big, big congratulations to Andrea Carcano and the Nozomi team with the 30 million dollars investment. Nozomi Networks is an Accelerace Alumni company that we know well, and we follow their endeavors with excitement. We hope the investment will help them expand further,” says Jes Nordentoft, Business Accelerator & Investment Manager in Accelerace.