Security News > 2021 > August > OT Security Firm Nozomi Networks Raises $100 Million
Nozomi Networks, a provider of operational technology and internet of things cybersecurity solutions, said Monday that it has raised $100 million in a Series D pre-IPO-funding round.
Led by Triangle Peak Partners, the funding round also had participation from notable firms including Honeywell Ventures, CIA-linked In-Q-Tel, Keysight Technologies, Porsche Ventures Dubai Electricity, Telefónica Ventures, and others.
To date the company has raised $154 million, with the previous round being $30 million in September 2019.
Nozomi told SecurityWeek there is not a fixed timeframe for an IPO, and that the funding, combined with customer revenue gives, them the "Optionality to IPO.".
Nozomi says the funding will be used to help scale product development efforts and grow its sales, marketing and partner efforts.
Nozomi's funding is the latest in a series of massive fundings in the industrial cybersecurity space, including a $110 million Series C round raised by Dragos in late 2020 and a $140 million Series D round raised by Claroty in June 2021.