Telefónica Invests in OT and IoT Security Startup Nozomi Networks
Telefónica, through TIV (Telefónica Innovation Ventures), its corporate venture capital vehicle, has made an investment in Nozomi Networks, a leading OT and IoT security provider that operates in 16 countries.
Nozomi Networks’ total funding to date exceeds $54M with top-tier investors including GGV Capital, Lux Capital, Energize Ventures and Planven Investments.
This investment represents a strategic undertaking to increase Telefónica’s cooperation with this leader in cybersecurity, which specializes in protecting operational technology (OT) and internet of things (IoT) infrastructures in sectors such as energy, pharmaceuticals, manufacturing, logistics and the automotive industry.
Nozomi Networks products are deployable onsite and in the cloud and span IT, OT and IoT to automate the hard work of inventorying, visualizing and monitoring industrial control networks through the innovative use of artificial intelligence. Use cases stretch beyond cybersecurity, and include trouble shooting, asset management and predictive maintenance
The investment through TIV reinforces the partnership agreement announced earlier this year between ElevenPaths, the cybersecurity company integrated into Telefónica Tech, and Nozomi Networks. The ElevenPaths partnership enables industrial infrastructure operators to gain advanced visibility and manage their security by means of a smart MSSP solution. The managed security service, available through ElevenPaths, incorporates Nozomi Networks solution to provide risk management capabilities for industrial network and critical infrastructure customers including energy, utilities and others.