Nozomi Networks is today a scaleup based in the USA that provides innovative solutions in the cybersecurity field but was born as a startup by two entrepreneurs from Varese, Andrea Carcano and Moreno Carullo, and takes its first steps between Italy and Switzerland. Today, the company says it has Closed a $100 million investment to accelerate the mission to defend the world’s critical infrastructure from cyber threats. The round led by Planven, includes investments from Mitsubishi Electric and Schneider Electric joining Nozomi Networks’ list of investors, including Activate Capital, Energize Capital, Forward Investments, GGV Capital U.S., Honeywell Ventures, In-Q-Tel, Johnson Controls, Keysight Technologies, Lux Capital, Samsung, Porsche Ventures, Telefónica Ventures, and Triangle Peak Partners. Planven is a Zurich-based venture capital and growth equity fund, founded in 2018 by Italian professionals, Giovanni Canetta Roeder and Rosario Bifulco, which looks at companies that develop B2B software in sectors such as cybersecurity, health tech and vertical SaaS. The investment internship ranges from Seed to Series C, with a geographical focus in Europe and the USA, Israel. Planven manages $320 million in assets, across two funds, invested in dozens of companies. One of the distinguishing features of Planven, which often presents itself as the only European investor in investee companies, is the ability to offer access to the European market to the startups in which it invests and provide access to investment opportunities on a national scale to European investors.
Planven’s role
“We were the first institutional investor of Nozomi Networks and having participated in all the funding rounds we are now the largest shareholder of the company and we have been actively engaged in supporting it in the internationalization process that has allowed it to grow to its current levels,” says Giovanni Canetta Roeder, CEO of Planven. We have been able to grasp the potential of a company that has conquered its reference market over the years. Nozomi, thanks to the strength of its technological solutions and an uncommon entrepreneurial capacity, is today an indispensable interlocutor at a global level for the protection of critical and industrial IT infrastructures”. “As we meet with customers around the world, we realize that they operate in highly heterogeneous environments and are looking for a security platform that can effectively defend those environments,” said Edgard Capdevielle, president and CEO of Nozomi Networks. This investment clearly underscores the need for and support for OEM-agnostic security solutions, in light of the current escalation of attacks against critical infrastructure around the world.” The company will use this latest investment to contribute to product development at scale and to support its approach to an increasingly global market. With the rise of criminal and nation-state cyber threats to industrial and critical infrastructure, the need for Nozomi Networks solutions has never been stronger, at the same time, the recent consolidation in the OT and IoT security space is driving a new need for comprehensive solutions that are not limited to supporting a single vendor, but that are able to holistically respond to the cybersecurity requirements of the vast majority of industrial and critical infrastructure organizations that need to protect complex, multi-vendor environments.
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