• At the time of the financing, the business revealed that since 2021, the recurring revenue from its core product, the cloud platform Vantage, has increased fivefold annually.
  • Vantage compiles information about vulnerabilities and breach attempts and presents it in dashboard form to facilitate study.

Nozomi Networks Inc. raised USD 100 million in the late-stage funding round. The startup helps enterprises safeguard factory robots and allied equipment.

The Software Developer disclosed the Series E round. The two major industrial equipment developers, Schneider Electric SE and Mitsubishi Electric Corp., contributed to the funding round. With this raise, Nozomi has received over USD 260 million in outside capital.

The company revealed at the moment of financing that since 2021, the recurring gains from the cloud platform Vantage, its core solution, have grown five times yearly. Nozomi Networks claims that it currently assists in protecting more than 105 million devices worldwide. The gadgets include elevators, cranes, and factory robot arms.

Edgard Capdevielle, Chief Executive Officer of Nozomi, said, “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.

Developed by the firm, the Vantage platform debuted in 2021 and can map out and scan all connected devices an organization utilizes automatically for vulnerabilities. For instance, the platform can decide if a machine executes an obsolete version of Linux with some known security discrepancy. Vantage helps administrators address the most critical issues first by prioritizing the susceptibilities it finds based on the related breach risk.

The platform utilizes three fundamental sources to access information about security-related topics. Initially, companies can immediately integrate the lightweight Arc agent on the connected devices to access vulnerability data. Another additional tool, Guardian, monitors for any hostile behavior spot in the data traffic running over the organizational network.

Vantage receives its security insights from Guardian Air sensor, a third source. From its commencement in January this year, it can detect hackers’ efforts to access wireless devices. Guardian Air tracks the segments of the radio spectrum that are utilized by wireless protocols such as Wi-Fi and Bluetooth for data transmission.

Vantage compiles data about susceptibilities and breaching attempts and showcases it in the dashboard form to enable research. Administrators can access more specific information on particular things of interest due to an integrated query engine. The platform can produce remedial ideas to expedite the troubleshooting process when it detects a possible security issue.

With the funding raised, Nozomi eyes to expand Vantage’s feature set. A chunk of the capital will also be utilized for go-to-market campaigns.