Dragos is an industrial cybersecurity company that detects and responds to threats in industrial controls systems, raised $200 million in Series D funding at a valuation of $1.7 billion.
The round was led by Koch Disruptive Technologies and BlackRock, also had investments from Emerson, Hewlett Packard Enterprise, Allegis Cyber, Canaan, DataTribe, Energy Impact Partners, National Grid Partners, Schweitzer Engineering Labs, Global Reserve Group, and Rockwell Automation.
The funds will be used to accelerate the company’s global expansion and support customers in key growth markets, including electric, oil and gas, chemical, pharmaceutical, food and beverage, water, and manufacturing.
Company: DRAGOS, INC.
Raised: $200.0M
Round: Series D
Funding Month: October 2021
Lead Investors: Koch Disruptive Technologies and BlackRock
Additional Investors: Emerson, Hewlett Packard Enterprise, Allegis Cyber, Canaan, DataTribe, Energy Impact Partners, National Grid Partners, Schweitzer Engineering Labs, Global Reserve Group, and Rockwell Automation
Company Website: https://www.dragos.com/
Software Category: Industrial cybersecurity
About the Company: Dragos was founded in 2016 to detect and respond to threats facing industrial control systems (ICS), the devices key to the continued operations of power plants, water systems, and other critical infrastructure. Dragos is an industrial (OT/ICS/IIoT) cybersecurity company on a mission to safeguard civilization. Dragos integrated software platform provides critical visibility into ICS and OT networks so that threats are identified, and can be addressed before they become significant events, our solutions are optimized for emerging applications like the Industrial Internet of Things (IIoT), enabling our clients in power and water utilities, energy, and manufacturing industries to establish a resilient and adaptable security posture.
Source: https://techcrunch.com/2021/10/28/dragos-series-d-unicorn/ https://www.bizjournals.com/baltimore/inno/stories/fundings/2021/10/28/dragos-200m-funding-round-cyber.html