Nozomi Networks, a leading provider of OT, IoT and CPS security, and Mitsubishi Electric Corporation have signed a definitive agreement whereby Mitsubishi Electric will acquire Nozomi Networks. Upon close, Nozomi Networks will be a wholly owned subsidiary, operating independently of Mitsubishi Electric.
Mitsubishi Electric participated in Nozomi's $100M Series E funding round, announced in March 2024, and the two companies have collaborated on innovation and go-to-market since. The acquisition of Nozomi Networks brings Mitsubishi Electric a strong and growing AI-powered, cloud-first cybersecurity software business. Nozomi will look to strengthen Mitsubishi Electric's ability to deliver cutting-edge solutions.
The companies share a strong vision around the power of data and context from OT/IoT environments, paired with artificial intelligence to deliver more effective cyber defenses and material operational improvements for customers. No disruptions to current operations, roadmaps, or partnerships are anticipated. Nozomi's teams, offices, and points of contact remain unchanged.
According to Andrea Carcano, Co-Founder and Chief Product Officer of Nozomi Networks, "By combining Mitsubishi Electric's century of global industrial expertise with Nozomi Networks' innovations in data science, AI/ML and industrial cybersecurity, we have a unique opportunity to create a new generation of AI-powered solutions that will strengthen cyber and operations. Together, we'll make the world's critical infrastructure safer, more resilient, and more efficient."
The acquisition is expected to close in the fourth calendar quarter of 2025. Upon close, Nozomi will maintain headquarters in San Francisco, California, and research and development in Mendrisio, Switzerland.
