Invenergy Future Fund, the corporate venturing arm of renewable power producer Invenergy, led a $15m series B round on Wednesday for Nozomi Networks, a US-based provider of industrial cybersecurity software.
Family office THI Investments and venture capital firms GGV Capital, Lux Capital and Planven Investments also participated in the round, which boosted Nozomi’s overall funding to $23.8m, the company said.
Nozomi supplies cybersecurity software that provides real-time protection for industrial control systems across industries such as energy and utilities, manufacturing, pharmaceuticals, chemicals and mining.
The company will use the funds for product development and to expand its global sales, marketing and support capabilities.
The deal represents the first investment in a cybersecurity technology company by Invenergy Future Fund, in which Invenergy is the general partner and anchor investor.
Michael Polsky, Invenergy’s founder and CEO, said: “Nozomi Networks’ superior technology and team have made them the market leader in securing energy and other critical infrastructure industries from escalating cyber threats.
“The Invenergy Future Fund invests in companies and people that are defining the future of energy. We are proud to accelerate Nozomi Networks’ efforts to ensure that the future of energy is secure.”
GGV Capital and Lux Capital had previously co-led Nozomi’s $7.5m series A round in late 2016. Planven Investments also took part in the series A round and was identified by Nozomi at the time as an existing investor.