Announced
Completed
Financials
Tags
Software
internet of things
United States
cybersecurity
Acquisition
Cross Border
Minority
Private
Completed
Friendly
Single Bidder
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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