Nozomi Networks - Experts & Thought Leaders

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

Nozomi Networks, the pioneer in OT, IoT and cyber‑physical system security, announced that Mitsubishi Electric Corporation has completed its acquisition of the company. Originally announced on September 9, the transaction marks the start of a new phase of growth for Nozomi Networks while preserving the company’s independent operations, vendor‑neutral technology roadmap, and established go‑to‑market partnerships. As a wholly owned subsidiary, Nozomi Networks will continue to support the full OT/ICS ecosystem with the same open, multi‑vendor approach that has made it a trusted partner to critical infrastructure operators worldwide. Financial status This milestone follows a year of exceptional momentum for Nozomi Networks. The company recently surpassed $100M in annual revenue and now serves many of the world’s largest enterprises, including 5 of the top 10 oil and gas companies, 7 of the top 10 pharmaceutical manufacturers, 7 of the top 10 utilities and 4 of the top 10 mining operations.  Nozomi Networks is also the first privately held OT cybersecurity company to achieve sustained cash flow and break‑even performance - further underscoring the strength of its model, the durability of its platform, and the confidence organizations place in its independent, vendor‑agnostic approach. Milestones  Other notable milestones the company achieved in 2025 include: Significant new and expanded partnerships with global technology leaders including Schneider Electric, Hitachi Cyber, Nvidia, Dispel, and Xona 24% employee headcount growth Among the fastest growing companies in North America on the 2025 Deloitte Technology Fast 500™ Named to Fast Company’s World’s Most Innovative Companies 2025 list Named a leader in the Gartner Magic Quadrant for CPS Protection Platforms and is a leader in the Forrester Wave for IoT Security, as well as the only recognized Customers' Choice in Gartner's Voice of the Customer for CPS Protection platforms Recognized by Gartner as “The Company to Beat for AI in CPS Protection Platforms”  Innovation and leadership “Mitsubishi Electric acquired Nozomi Networks for the same reasons our customers trust us every day,” said Nozomi Networks CEO Edgard Capdevielle. “We have a proven track record of innovation and industry leadership and a unique vendor-agnostic approach that is a critical ingredient to our success. We will continue to advance the highest levels of quality and excellence in our platform and relationships that we always have moving forward as an independent subsidiary of Mitsubishi Electric, and we’re excited about the opportunities this brings.” Cybersecurity solution This success is underpinned by its market-leading platform, the most complete of any offering on the market. Nozomi Networks platform delivers comprehensive asset visibility, defends all attack surfaces, and helps enterprises evolve to a risk-based cybersecurity management posture. Most notably, Nozomi Networks has embedded AI since its inception, consistently pushing the boundaries of how this technology can transform OT/IoT cybersecurity. It made several enhancements to its platform in 2025, including the release of its latest version of Arc, the industry’s first cybersecurity solution to safely automate threat response in operational environments, and Vantage IQ, the world’s first private, company-trained AI assistant for OT/IoT security teams. Foremost in OT/IoT cybersecurity “This acquisition brings us into a new era of innovation. It positions us to better serve our customers globally and meet the needs of an early majority market and the challenges of a rapidly evolving OT/IoT cybersecurity landscape,” said Nozomi Networks Co-founder and Chief Product Officer Andrea Carcano. “Nozomi is solidly positioned to extend its stature as the leader in OT/IoT cybersecurity. There is much more ahead for us, with game changing new innovations coming in 2026. We look forward to working with our customers and partners to deliver the best possible solution.” Business as usual As an independent subsidiary, Nozomi Networks remains committed to serving all its customers and partners, and maintains its brand, leadership, teams, and operations. Nozomi’s teams, offices, and points of contact remain unchanged, ensuring a seamless experience for all its stakeholders.

Nozomi Networks, the pioneer in operational technology (OT), internet-of-things (IoT) and cyber-physical systems (CPS) security, has been named in Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025. Nozomi earned the number three position in the security category. Nozomi Networks addresses the often-unmet cybersecurity needs of the industrial organizations they rely on daily, including water, electricity, transportation and hospitals. Mission-critical infrastructure An attack on any of these industries extends beyond the digital realm and can cause real, physical harm, including city wide power outages and water shortages - which can lead to life-or-death scenarios. The Nozomi Networks platform makes it possible to quickly address security gaps and resource limitations The Nozomi Networks platform makes it possible to quickly address security gaps and resource limitations that these systems, and other mission-critical infrastructure, often face, all without compromising their performance. “Since day one, our solutions have been rooted in the mission of addressing the complex requirements of industrial and critical infrastructure environments,” said Nozomi CEO, Edgard Capdevielle. Achieving remarkable milestones “This prestigious honor is further proof of the work that we’re doing and the problems that we’re solving; not only for our customers, but for the people who rely on them, as any attack on our critical infrastructure can cause irreversible and wide-spread damage. Our digital world has created a lot of interdependencies that we must protect, and organizations can trust Nozomi to minimize their risks and maximize their resilience.”  This year’s Most Innovative Companies list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones in all sectors of the economy. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 609 organizations across 58 sectors and regions.