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

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, with participation from CDP Venture Capital. "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.