Nozomi Networks Due Diligence

Run due diligence on Nozomi Networks: check compliance and get alerts when suppliers change.

United States · www.nozominetworks.com · 17 vendors

Nozomi Networks protects the world's critical infrastructure from cyber threats. Their platform provides network and endpoint visibility, threat detection, and AI-powered analysis for industrial, commercial, and critical infrastructure environments, helping organizations minimize cyber risk and maximize operational resilience.

Resilience scores

Technology vendors

Services catalogue

3 services in catalogue across 2 categories; runs on 17 sub-vendors.

Insights

Last updated 2026-05-04 · revision 3

17 direct vendors, 215 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

3 in-scope frameworks identified; showing 3.

SOC 2 (source) — Evidence found

Evidence: https://www.nozominetworks.com/trust-center, https://www.nozominetworks.com/legal/type-2-soc-3

ISO 27001 (source) — Evidence found

Evidence: https://www.nozominetworks.com/trust-center, https://www.nozominetworks.com/legal/certifications-iso27001-2022

GDPR (source) — No public evidence

Evidence: https://www.nozominetworks.com/trust-center, https://www.nozominetworks.com/legal/privacy-policy

Financials

Three-year financials

Financial Resilience Score: 7/10

Nozomi Networks demonstrates strong qualitative financial resilience despite the complete absence of publicly disclosed financial statements. The company achieved 5× ARR growth from 2021 to early 2024 following the launch of its Vantage cloud platform, and qualified for the Deloitte Technology Fast 500 four times (2021, 2022, 2023, 2025), implying sustained multi-year revenue compounding well above the minimum 50% growth threshold required for eligibility. The successful close of a $100M Series E in March 2024 — with strategic investors including Mitsubishi Electric, Schneider Electric, Honeywell, and Johnson Controls — signals strong investor confidence and adequate near-term liquidity at the time of that round. The January 2026 acquisition by Mitsubishi Electric (parent revenue approximately $36.8B USD) fundamentally transforms the company's financial risk profile. As a wholly owned subsidiary of a large, investment-grade Japanese industrial conglomerate, Nozomi effectively eliminates near-term funding and liquidity risk. The company's transition to a subscription-first, cloud-first revenue model (Vantage SaaS, OnePass HaaS+SaaS) improves revenue quality and predictability, and its publicly claimed 100% customer retention rate indicates very low churn risk. Market position indicators are exceptionally strong: Gartner Magic Quadrant Leader in CPS Protection Platforms for two consecutive years (2025, 2026), Forrester Wave Leader, and Gartner Peer Insights #1 for OT Security for four consecutive years. These accolades, combined with 11,000+ installations across six continents and 102M+ devices monitored, suggest a defensible competitive position. Regulatory tailwinds (NIS2, NERC CIP, TSA Security Directives, FedRAMP) create durable, non-discretionary demand. Key risks include the complete opacity of financial statements — profitability, cash burn, and debt levels remain entirely unknown — and the likelihood that the company operated at a loss through most of its independent venture-backed life. Integration risk under Mitsubishi Electric ownership, competitive pressure from better-capitalized public peers (Claroty, Dragos, Palo Alto Networks, Microsoft), and a relatively niche total addressable market temper the overall resilience score.

Key strengths: 5× ARR growth from 2021 to early 2024 following Vantage cloud platform launch, Four-time Deloitte Technology Fast 500 qualifier (2021, 2022, 2023, 2025) implying sustained >50% multi-year revenue growth, $100M Series E closed March 2024 with blue-chip strategic investors (Mitsubishi Electric, Schneider Electric, Honeywell, Johnson Controls), Total disclosed funding approximately $230–$250M USD across all rounds, Acquired by Mitsubishi Electric (completed January 28, 2026), eliminating near-term liquidity risk with ~$36.8B USD revenue parent, Subscription-first, cloud-first revenue model (Vantage SaaS, OnePass HaaS+SaaS) providing recurring, predictable revenue, 100% customer retention publicly claimed, indicating very low churn, Gartner Magic Quadrant Leader for CPS Protection Platforms (2025 and 2026), Gartner Peer Insights #1 for OT Security four consecutive years, Forrester Wave Leader recognition, 11,000+ installations across six continents; 102M+ devices monitored, Strong regulatory tailwinds (NIS2, NERC CIP, TSA Security Directives, FedRAMP In Process), US Air Force contract ($1.25M, April 2024) and FedRAMP 'In Process' designation opening federal market, Strategic OT OEM investor/partner base providing distribution leverage

Risk factors: No public financial statements — revenue, EBIT, profitability, cash burn, and debt levels entirely unknown and cannot be independently verified, Likely pre-profitability operating posture through most of independent venture-backed history; transition to profitability under Mitsubishi Electric uncertain, Acquisition integration risk: cultural, strategic, and operational challenges of operating within a large Japanese conglomerate, Competitive intensity from better-capitalized public peers including Claroty, Dragos, Armis, Forescout, Palo Alto Networks, Microsoft, and Fortinet, Niche total addressable market — OT/ICS security is smaller than enterprise IT security, limiting ultimate scale, Geopolitical exposure in Middle East markets noted on company website, Acquisition price undisclosed; valuation and deal economics unknown

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