US-based industrial cybersecurity technology provider Nozomi Networks has received $30m in a series C round that included Energize Ventures, the venture capital vehicle formed by power producer Invenergy.
VC firms Planven Investments, GGV Capital and Lux Capital also took part in the round, together with family office THI Investments and private investor Giovanni Canetta Roeder.
Nozomi supplies software that helps prevent cyber attacks on infrastructure and assets in industries such as energy, manufacturing, mining and transportation, while improving integration of internet-of-things technology.
The company will use the proceeds from the round to accelerate research and development activities and consolidate its international presence.
The round increased Nozomi’s total funding to $53.8m and came in the wake of a $15m series B led by Energize (then known as Invenergy Future Fund) and backed by THI Investments, GGV Capital, Lux Capital and Planven Investments, in January this year.
Edgard Capdevielle, Nozomi’s president and chief executive, said: “The backing of all our existing investors so quickly after our previous round is tremendous validation that the time for Nozomi Networks is now.
“While 2018 has been a year of great attention on industrial vulnerabilities, 2019 will be the year the industry takes greater action to secure the world’s critical infrastructure.”
