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Mitsubishi Electric and Schneider Electric led a $100m Series E round in Nozomi Networks.

Synopsis

Mitsubishi Electric, an electrical and electronic products manufacturer, and Schneider Electric, a digital automation and energy management, led a $100m Series E round in Nozomi Networks, a OT and IoT security company. "As we meet with customers around the world, the reality is that they operate highly heterogeneous environments and are looking for a security platform that can effectively defend those environments. This investment clearly underscores the need and support for OEM-agnostic security solutions in light of today's escalating attacks against critical infrastructure around the world," Edgard Capdevielle, Nozomi Networks President and CEO.

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