Nozomi Networks, a key player in the security of OT, IoT, and cyber-physical systems, has announced the reappointment of co-founder Andrea Carcano as Chief Executive Officer.
Carcano returns to a role he previously held alongside co-founder Moreno Carullo when they established the company.
This leadership change signifies the beginning of a new era focused on enhancing AI-led innovation and technical expertise. Edgard Capdevielle, the company's CEO for the past decade, will transition to an executive advisor position.
Founder-Led Leadership Resumes
Fourteen years ago, Carcano and Carullo set out with a vision to elevate security standards in the industrial sector. They laid the groundwork by developing the initial code, securing their first clients, and building the company from the ground up.
Over ten years ago, they brought Edgard Capdevielle on board to expand their platform into the market, establish a high-caliber go-to-market strategy, and secure the financing needed to thrive at the highest level. With Nozomi Networks' recent acquisition by Mitsubishi Electric, following the achievement of over $100M in annual revenue, this mission has concluded as the company embarks on its next phase with its founders at the helm.
Embarking on the Next Chapter
According to Andrea Carcano, "Edgard has been an extraordinary partner to Moreno and me for the past decade — on behalf of everyone at Nozomi, thank you, Edgard. Stepping into this role feels like returning to where our story began, only now with the conviction of everything we've proven since: category-defining products, the trust of the world's most critical operators, and market leadership recognized across the industry."
Carcano emphasized the collaborative leadership approach he and Carullo will continue to uphold, stating, "Moreno and I built Nozomi side by side from the very first lines of code, and side by side is exactly how we'll lead its next chapter." He expressed eagerness to fulfill the company's vision on a larger scale.
Significant Achievements
Nozomi aims to redefine leadership in OT and IoT security through advancements in AIIn the past decade, Nozomi Networks has reached notable milestones: surpassing $100M in annual revenue, maintaining a consistent cash-flow break-even status as the first privately held OT cybersecurity company to do so. The company has gained the trust of significant operators, including leading oil, gas, pharmaceutical, and utility businesses.
Recognized as a Leader in the Gartner Magic Quadrant for CPS Protection Platforms and the Forrester Wave for IoT Security, it was also the sole Customers' Choice in Gartner's Voice of the Customer. Gartner distinguished it as “The Company to Beat for AI in CPS Protection Platforms.” Additionally, Nozomi Networks was named in Fast Company's World's Most Innovative Companies list.
Leading with Innovation
Looking ahead, Nozomi Networks aims to redefine leadership in OT and IoT security through advancements in AI, with the co-founders who pioneered this domain now spearheading its future. Moreno Carullo, Co-Founder and CTO, remarked, “This is the moment our industry has been building toward - where the pace of AI on both sides, attacker and defender, decides who leads. The joy of building what nobody has built before is why Andrea and I started this company, and it's exactly what this next chapter is about.”
Furthermore, Carcano stressed that the company remains unwavering in its commitment to customer and partner satisfaction.
Continuity and Innovation
Customers and partners can expect unchanged account services, support, partner programs, and the product roadmap. Innovation remains the core strength of Nozomi Networks, and Carcano is committed to propelling both innovation and technical leadership forward during this AI-driven era.
Edgard Capdevielle expressed his pride in having guided Nozomi through a significant period, saying, "Leading Nozomi through this stage of its journey has been the honor of my career. Andrea and Moreno built something extraordinary, and I'm proud of what we accomplished together." He will continue supporting the team in an advisory capacity while pursuing his passion for mentoring early-stage companies.
Nozomi Networks, the pioneer in OT, IoT and cyber-physical systems security, announced that co-founder Andrea Carcano has been appointed Chief Executive Officer, resuming the role he first held when he and co-founder Moreno Carullo launched the company.
The appointment marks the start of Nozomi's next phase, one focused on accelerating the AI-driven innovation and technical leadership that have defined the company since its founding. Edgard Capdevielle, who has served as CEO for the past decade, will remain closely involved as an executive advisor to the company.
Founder-led leadership
Fourteen years ago, Carcano and Carullo started with a single conviction: the industrial world deserved far better security than anything that existed. They wrote the first lines of code, won the first customers, and built the company from nothing.
Just over ten years ago, the two founders brought in Capdevielle with a clear mission: take their platform to market, build a world-class go-to-market organization, and raise the capital needed to compete at the highest level. With Nozomi Networks' recent acquisition by Mitsubishi Electric, completed on the heels of the company surpassing $100M in annual revenue, that mission is complete, and the company is graduating into its next chapter with founder-led leadership at the helm.
Next chapter
"Edgard has been an extraordinary partner to Moreno and me for the past decade — on behalf of everyone at Nozomi, thank you, Edgard. Stepping into this role feels like returning to where our story began, only now with the conviction of everything we've proven since: category-defining products, the trust of the world's most critical operators, and market leadership recognized across the industry."
"Moreno and I built Nozomi side by side from the very first lines of code, and side by side is exactly how we'll lead its next chapter. This is a new Day 1 — the same hunger and audacity that started this company, now with everything it takes to win at the largest scale." Andrea Carcano, Co-Founder and CEO, Nozomi Networks
Milestones
Over the past 10 years, Nozomi Networks achieved milestones that few companies in the category can match:
- Surpassed $100M in annual revenue, becoming the first privately held OT cybersecurity company to achieve sustained cash-flow break-even performance
- Earned the trust of the world's most critical operators, including 5 of the top 10 oil and gas companies, 7 of the top 10 pharmaceutical manufacturers, and 7 of the top 10 utilities
- Named a Leader in the Gartner Magic Quadrant for CPS Protection Platforms and the Forrester Wave for IoT Security, and the only recognized Customers' Choice in Gartner's Voice of the Customer
- Recognized by Gartner as “The Company to Beat for AI in CPS Protection Platforms” and named to Fast Company's World's Most Innovative Companies list
- Completed the company's acquisition by Mitsubishi Electric, gaining the resources of a global industrial leader while preserving Nozomi Networks' independent operations and vendor-neutral approach
That foundation sets the stage for what comes next. Nozomi Networks is entering an era in which leadership in OT and IoT security will increasingly be defined by leadership in AI — and the company intends to set the pace, with the founders who pioneered the category now leading it into its next chapter.
Authority comments
“This is the moment our industry has been building toward - where the pace of AI on both sides, attacker and defender, decides who leads. The joy of building what nobody has built before is why Andrea and I started this company, and it's exactly what this next chapter is about.” Moreno Carullo, Co-Founder and CTO, Nozomi Networks
“Our commitment to our customers and partners doesn't change today. Everything we do — every product decision, every collaboration, every hire — starts with the outcomes our customers need, and that will be as true a decade from now as it is today.” Andrea Carcano, Co-Founder and CEO, Nozomi Networks
Accelerating innovation and technical leadership
Nozomi Networks' customers and partners will experience full continuity: account teams, support commitments, partner programs, and the product roadmap all remain unchanged. Innovation has always been Nozomi Networks' superpower, and under Carcano's leadership the company will accelerate both its innovation and its technical leadership in an era defined by AI.
“Leading Nozomi through this stage of its journey has been the honor of my career. Andrea and Moreno built something extraordinary, and I'm proud of what we accomplished together. I'm looking forward to continuing to support the team as an advisor while returning to what I love most - helping early-stage companies find their way. Nozomi's best chapter is the one that starts today.” Edgard Capdevielle, Nozomi Networks
