Nozomi Networks is a cybersecurity startup in the industry that aims at protecting critical infrastructure against cyberattacks. It has already raised $100 million pre-IPO funding.Triangle Peak Partners led the Series D financing round. It also included investment from several equipment, security provider, and go-to market companies like Honeywell Ventures and Keysight Technologies.This funding comes at an important time for the company. Cyberattacks on industrial control system (ICS), which are critical for maintaining power plants, water supplies and other infrastructure, increased in severity and frequency during the pandemic. Ransomware attacks on industrial control systems (ICS) were common in May and June. These ransomware attacks targeted Colonial Pipeline's IT networks and JBS, a meat-making giant, and forced the companies to close their industrial operations.Nozomi Networks competes with Claroty and Dragos. It claims that its industrial cybersecurity solution protects ICS devices by detecting potential threats before they strike. This helps to prevent such attacks. It gives organizations real-time visibility that can help them manage cyber risk and increase industrial resilience.This technology supports over a quarter million devices across a variety of sectors, including critical infrastructure, manufacturing, energy, mining, transportation, utilities. Nozomi Networks will double its customer base in 2020, while seeing a 5,000% rise in the number devices it monitors.This investment comes less than two decades after the company secured $30 million in Series C financing. It will be used to expand product development and its global go-to market approach.Nozomi Networks stated that it intends to increase its sales, marketing and partner enablement efforts and to upgrade its products to meet new challenges in the OT, IoT visibility, and security markets.
