Telefonica invests in IoT company

Madrid and San Francisco, July 7, 2020: Telefónica, through TIV (Telefónica Innovation Ventures), its corporate venture capital vehicle, has invested in Nozomi Networks Inc., an OT and IoT security provider that operates in 16 countries and enables real-time visualization of cyber risks, as well as managing and improving the resilience of industrial operations.

According to a press release, the investment “represents a strategic undertaking to increase Telefónica’s cooperation with this leader in cybersecurity”. Nozomi specializes in protecting operational technology in sectors such as energy, pharmaceuticals, manufacturing, logistics and the automotive industry.

Nozomi Networks solutions support more than 3.6 million devices in more than 2,400 installations across energy, manufacturing, mining, transportation, utilities, building automation, smart cities and critical infrastructure.

‘With this investment in Nozomi Networks we are reinforcing Telefónica’s commitment to cybersecurity in industrial environments and critical assets exposed to constant and ever-changing threats. Monitoring and threat detection systems are highly important in helping to minimize these risks and in this field the artificial intelligence-based technology developed by Nozomi Networks is essential for our industrial customers,’ explained Guenia Gawendo, Director of Telefónica Innovation Ventures, in a written statement.


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