Nozomi Networks
Nozomi Networks is a global leader in operational technology (OT) and IoT cybersecurity, providing network and endpoint visibility, threat detection, and AI-powered analysis for industrial control systems (ICS) and critical infrastructure protection. Its platform defends over 115 million industrial and IoT assets across more than 12,000 installations worldwide, serving energy, manufacturing, utilities, pharmaceuticals and oil and gas. Recognized as a Leader in the 2025 Gartner Magic Quadrant for Cyber-Physical Systems Protection Platforms. Since January 2026 it has operated as a wholly owned subsidiary of Mitsubishi Electric, keeping a vendor-neutral technology roadmap.
Acquired
Nozomi Networks has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Total Funding
$252.5M
5 rounds
Latest Valuation
$0.15B
Sep 27, 2018
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
2 signalsAppointed co-founder Andrea Carcano as CEO, succeeding decade-long CEO Edgard Capdevielle (now advisor)
Post-acquisition leadership reset signals strategic AI-driven pivot under Mitsubishi Electric ownership
Completed ~$1B acquisition by Mitsubishi Electric, operating as a wholly owned subsidiary
Deal closed at a fixed cash valuation mark; no further private secondary liquidity as a standalone entity
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $252.5M across 5 rounds
Last updated 09-05-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 13, 2024 | Series E Press release | $100M | — | Mitsubishi Electric, Schneider Electric |
| Aug 2, 2021 | Series D | $100M | — | Triangle Peak Partners |
| Sep 27, 2018 | Series C TechCrunch | $30M | $0.15B | Planven Investments |
Prominent Investors
Leadership
Andrea Carcano
Co-Founder and Chief Executive Officer
Moreno Carullo
Co-Founder and Chief Technology Officer
George Todd
Chief Financial Officer
Kevin Isaac
Chief Revenue Officer
Mike Plante
Chief Marketing Officer
Sai Mahalingam
Chief of Staff
Alan Berusch
Head of People and Culture
Matthew Cowell
Vice President of Strategic Alliances
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Claroty
Industrial cybersecurity and OT security platform
Fortinet
Cybersecurity company with OT/ICS security solutions
Fortive (Cybersecurity segment)
Industrial cybersecurity and software solutions
Dragos
Industrial cybersecurity and threat intelligence platform
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