I’m thrilled to share with you that Nozomi Networks existing investors are committing further funds to back us as the leading industrial cyber security company. We have just announced a Series C round of funding of $30 million, bringing our total investment to $54 million.
Our momentum is accelerating across key areas: customer acquisition, technology innovation, partnerships and global expansion.
We are excited to announce that our company has received $15 million in Series B financing, led by new investor Invenergy Future Fund.
This investment recognizes Nozomi Networks extraordinary accomplishments, demonstrates confidence in our future, and reflects the growing ICS cyber security market.
Let’s take a closer look at the reasons behind today’s announcement, and our company’s outlook as we enter 2018.
After a year that began with the fall-out from another Ukraine electric grid attack, saw the discovery of the first toolset since Stuxnet to target physical systems (CrashOverride/ Industroyer) and included significant harm from ransomware attacks (WannaCry, Petya/NotPetya), what’s in store for 2018?
Our team looked ahead 12 months and thought about how ICS cyber security will be different at the end of that period. From there we came up with 5 predictions you won’t want to miss.
Until now Industrial Control System (ICS) Cyber security wasn’t the coolest area of cyber security, but Gartner is changing that with its recognition of Nozomi Networks as a 2017 Cool Vendor. Last week, we were honored to learn that Nozomi Networks is a 2017 Gartner Cool Vendor. We are excited that our innovation and its positive impact on ICS cyber security will now be brought to the attention of more companies around the world.
I am also very pleased to share the news that the company has seen better than expected customer growth, has made two senior strategic hires, and has recently won a number of industry accolades. Read on to find out more about the momentum being generated by the Nozomi Networks’ team and its advanced OT security technology…
A recently released study by the Ponemon Institute finds that 61% of oil and gas operators in the U.S. indicate that their organization’s ICS protection and security is inadequate. While the implementation of digitally connected industrial components is delivering business benefits, it has significantly increased cyber risk. Yet only 41% of companies continually monitor OT infrastructure to prioritize cyber threats and attacks.