Nozomi Networks has announced the appointment of co-founder Andrea Carcano as Chief Executive Officer, resuming the role he initially held when he and Moreno Carullo co-founded the company.
This leadership shift heralds a new phase focused on advancing AI-driven innovation and enhancing the company's technical prowess.
Edgard Capdevielle, who has served as CEO for the past ten years, will remain engaged as an executive advisor.
Founder-led leadership
Andrea Carcano and Moreno Carullo established Nozomi Networks fourteen years ago, driven by a shared belief in the need for superior security solutions in the industrial sector. They initiated the company by writing its first code and acquiring initial customers.
Their journey saw a pivotal moment a decade later when Capdevielle was brought on board to expand the platform's market presence and secure necessary capital. Following its acquisition by Mitsubishi Electric and surpassing $100 million in annual revenue, Nozomi Networks is poised for growth under its original founders' guidance.
Next chapter
Edgard Capdevielle's role as a partner over the past decade has been invaluable, according to Andrea Carcano. With the transition, Carcano reflects on returning to the core of what made Nozomi Networks successful: innovative products and a strong market presence.
He remarks, "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."
Milestones
Nozomi is positioned to lead in OT and IoT security as AI increasingly defines industry leadershipNozomi Networks' achievements over the last decade include surpassing $100 million in annual revenue, becoming the first privately-held OT cybersecurity company to maintain consistent cash-flow positive performance.
The company has earned the trust of major operators worldwide, such as top oil and gas companies, pharmaceutical manufacturers, and utilities. Industry recognition includes being named a Leader in both the Gartner Magic Quadrant for CPS Protection Platforms and the Forrester Wave for IoT Security.
A new era with AI
Nozomi Networks is positioned to lead in OT and IoT security as AI increasingly defines industry leadership. Carcano and Carullo are committed to driving this new chapter, as indicated by Carullo's statement: "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."
Commitment to innovation
Despite changes at the top, customers and partners can expect continuity with existing account teams, ongoing support, partner programmes, and an unchanged product roadmap.
Carcano affirmed the company's dedication: "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." Under renewed leadership, Nozomi Networks is set to enhance its innovation and technical leadership in an AI-driven era.
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 organisation, 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 recognised 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 recognised Customers' Choice in Gartner's Voice of the Customer
- Recognised 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
