Skip to content
Subscriber Only
Business
Climate changed

Wind Developer Helps Cybersecurity Firm Raise $15 Million

  • Nozomi software designed to ensure security of energy grid
  • Invenergy funds companies developing energy technologies
Wind Farm

Photographer: Ron Antonelli/Bloomberg

Updated on
From

Invenergy Future Fund, an investment fund linked to the largest closely held U.S. wind developer Invenergy LLC, provided funding for a cybersecurity technology provider, a sign of growing interest in protecting power plants from potential threats.

The fund led a $15 million financing round for Nozomi Networks Inc., according to a statement Wednesday. The Series B round brings the company’s total funding to date to $23.8 million and will help with a global expansion effort in a market expected to grow to $13.9 billion by 2022.