What is Dragos?
Dragos specializes in safeguarding civilization from disruptions to the industrial infrastructure essential for daily life. Founded by practitioners with extensive government and private sector experience, the company has developed an integrated software platform that codifies expert cybersecurity knowledge. This platform provides customers with critical visibility into ICS and OT networks, enabling the identification and mitigation of threats before they escalate into significant events. Dragos's solutions are deployed across various industries, including power and water utilities, energy, and manufacturing, with optimization for emerging applications like the Industrial Internet of Things (IIoT). The company operates globally, with a headquarters in the Baltimore-Washington, DC area and regional presences worldwide.
How much funding has Dragos raised?
Dragos has raised a total of $357.3M across 5 funding rounds:
Angel/Seed
$1.2M
Series A
$9.1M
Series B
$37M
Series C
$110M
Series D
$200M
Angel/Seed (2016): $1.2M with participation from DataTribe
Series A (2017): $9.1M led by Allegis Capital and Energy Impact Partners
Series B (2018): $37M supported by Schweitzer Engineering Laboratories, Canaan Partners, Emerson, and National Grid Partners
Series C (2020): $110M featuring Saudi Aramco Energy Ventures, National Grid Partners, DataTribe, Koch, Energy Impact Partners, Schweitzer Engineering Labs, Canaan, AllegisCyber Capital, and Hewlett Packard Enterprise
Series D (2021): $200M backed by Koch Disruptive Technologies and Rockwell
Key Investors in Dragos
National Grid Partners
National Grid Partners is an investment firm focused on technologies that address current energy challenges and shape future energy systems. They facilitate collaboration between entrepreneurs and utilities, investing in areas like AI and cybersecurity for asset-intensive industries.
Energy Impact Partners
Energy Impact Partners is an investment firm dedicated to transforming the energy industry towards a sustainable future. They connect innovators with major energy companies to drive the evolution of the global energy economy.
DataTribe
DataTribe is a startup foundry that invests in companies within the cybersecurity, analytics, and big data sectors, providing foundational support for emerging technologies.
What's next for Dragos?
The substantial enterprise-level investment in Dragos signals a pivotal growth phase, likely enabling the company to expand its market reach, enhance its platform capabilities, and further its mission to protect critical infrastructure. This strategic capital infusion is expected to fuel innovation in OT cybersecurity, addressing the increasing sophistication of threats targeting industrial sectors. Dragos is well-positioned to capitalize on the growing demand for specialized industrial cybersecurity solutions, potentially leading to further market penetration and strategic partnerships.
See full Dragos company page
