A Leading Cybersecurity Supplier Gets Major Funding
This is one of the latest in a series of announcements in the world of cybersecurity solutions targeted at the industrial control systems (ICS) and critical infrastructure space. For Nozomi, this was a $15 million round of Series B financing from several venture capital firms. From the press release:
"The Invenergy Future Fundled the round with participation from THI Investments and all existing investors, GGV Capital, Lux Capital and Planven Investments SA. This latest round brings Nozomi Networks’ total funding to date to $23.8 million."
According to ARC vice president and cybersecurity domain expert Sid Snitkin, "Nozomi Networks provides industrial anomaly and breach detection solutions that continuously monitor the health and integrity of critical control systems. The goal is to provide early warning of problems, whether they are cyberattacks or other system issues, and give responders a chance to minimize the impact. Given the latest surge in cyberattacks such as Triton and Industroyer, that specifically target industrial control systems, it’s a wise move for asset operators to consider the latest technologies for monitoring, detecting and preventing damage from such attacks.”