Nozomi Networks Company Profile

Background

Nozomi Networks, founded in 2013 by Andrea Carcano and Moreno Carullo, is a cybersecurity firm specializing in the protection of operational technology (OT) and Internet of Things (IoT) environments. Headquartered in San Francisco, California, the company is dedicated to delivering real-time visibility and advanced threat detection to safeguard critical infrastructure sectors such as energy, manufacturing, mining, transportation, and utilities. By integrating artificial intelligence and machine learning, Nozomi Networks enhances the resilience and security of industrial operations worldwide.

Key Strategic Focus

Nozomi Networks concentrates on providing comprehensive cybersecurity solutions tailored for OT and IoT systems. Their core objectives include:

Real-Time Visibility: Offering continuous monitoring of industrial networks to identify and manage assets effectively.

Threat Detection: Utilizing AI-driven analytics to detect anomalies and potential cyber threats promptly.

Operational Resilience: Ensuring the integrity and availability of critical infrastructure through proactive security measures.

The company's primary markets encompass industries with complex and sensitive operational environments, including energy, manufacturing, mining, transportation, and utilities.

Financials and Funding

As of March 2024, Nozomi Networks has raised a total of $266 million in funding. The most recent funding round, a Series E in March 2024, secured $100 million, led by Mitsubishi Electric and Schneider Electric. This capital infusion is intended to expand market reach and enhance product development, particularly focusing on supporting heterogeneous operating environments. Notable investors include Mitsubishi Electric, Schneider Electric, In-Q-Tel, and Honeywell Ventures.

Pipeline Development

Nozomi Networks has been actively developing and launching products to strengthen its cybersecurity offerings:

Guardian Air (January 2024): A wireless spectrum sensor designed to monitor and enhance security for OT and IoT environments, marking the company's expansion into wireless security capabilities.

DeRISK Integration (October 2023): In collaboration with DeNexus, this integration enhances cyber risk management capabilities for critical infrastructure.

Partnership with Google Cloud's Mandiant (August 2023): Integrating threat intelligence capabilities with Nozomi's security solutions to bolster threat detection and response.

Technological Platform and Innovation

Nozomi Networks distinguishes itself through its proprietary technologies and innovative approaches:

Guardian: A sensor that monitors OT/IoT environments to identify assets and vulnerabilities, and tracks abnormal behavior.

Vantage: A SaaS-based solution providing enhanced visibility and monitoring in cybersecurity.

Central Management Console (CMC): Integrates OT and IoT threat monitoring capabilities across site deployments in the edge or cloud (including AWS, Azure) for streamlined workflows and faster mean-time-to-response (MTTR).

AI and Behavioral Analytics: Leveraging artificial intelligence and behavioral analytics to provide real-time visibility, threat detection, and anomaly identification in industrial networks.

Leadership Team

Nozomi Networks is led by a team of experienced professionals:

Edgard Capdevielle: President and Chief Executive Officer

Andrea Carcano: Co-Founder and Chief Product Officer

Moreno Carullo: Co-Founder and Chief Technical Officer

Mike Plante: Chief Marketing Officer

Competitor Profile

Market Insights and Dynamics

The industrial cybersecurity market is experiencing significant growth due to increasing cyber threats targeting critical infrastructure. Organizations are investing heavily in securing their OT and IoT environments to ensure operational continuity and safety.

Competitor Analysis

Nozomi Networks operates in a competitive landscape with several key players:

Dragos: Specializes in protecting industrial control systems (ICS) and OT environments, offering comprehensive visibility, threat detection, and incident response capabilities.

Claroty: Provides an integrated industrial cybersecurity platform that includes network monitoring, anomaly detection, and vulnerability management.

CyberX (acquired by Microsoft): Focuses on securing ICS and OT settings with real-time visibility, threat identification, and asset management through behavioral analytics and machine learning.

Indegy (acquired by Tenable): Offers visibility, asset management, and anomaly detection solutions for industrial environments, emphasizing the protection of critical infrastructure.

Belden: Provides industrial networking and cybersecurity solutions, including firewalls, switches, and intrusion detection systems.

Strategic Collaborations and Partnerships

Nozomi Networks has established significant partnerships to enhance its market position and innovation capacity:

Johnson Controls (August 2022): Partnered to deliver threat assessment solutions, extending cybersecurity capabilities for IoT infrastructure with threat monitoring and visibility.

Viakoo (November 2022): Collaborated to provide an agentless, end-to-end IoT enterprise security management solution.

Swimlane (November 2022): Formed a partnership to automate security orchestration, threat detection, and response, maintaining continuous asset compliance and mitigating cyber threats across OT and IT entry points.