Dragos joined the Unicorn Club on October 28, 2021, after raising a $200 million Series D funding round led by Koch Disruptive Technologies and BlackRock, valuing the company at $1.7 billion. Headquartered in Hanover, Maryland, United States, Dragos provides a threat‑detection platform for industrial control systems (ICS) and operational technology (OT) environments, offering asset discovery, behavioural threat detection, incident response, and global intelligence. The company has raised approximately $439 million to date and employs approximately 355 people (as of December 2022).
Keep reading to learn how Dragos is safeguarding critical infrastructure and powering the next generation of industrial cybersecurity.
What Is Dragos and What Does It Do?
Founded in 2016, Dragos focuses on cybersecurity for industrial control systems and operational technology across sectors including energy, manufacturing, water, and chemicals. The platform offers network mapping, threat detection through behavioural analysis, threat prioritisation, incident response, and global threat‑intelligence services.
Dragos supports organisations in protecting their industrial environments from sophisticated cyber adversaries and ensures operational resilience in critical infrastructure.
How Much Funding Has Dragos Raised?
- Series D
- Amount Raised: $200 M
- Date: October 28, 2021 (dragos.com)
- Lead Investors: Koch Disruptive Technologies & BlackRock (dragos.com)
- Valuation: $1.7 B
- Purpose: To accelerate global expansion, support ICS/OT cybersecurity adoption, and scale operations.
- Series D Extension
- Amount Raised: $74 M
- Date: September 18, 2023 (TechCrunch)
- Lead Investor: WestCap (SiliconANGLE)
- Valuation: Maintained at $1.7 B
- Purpose: Expand global footprint, enhance platform features, and deepen industry penetration.
- Earlier Rounds (Series A–C)
- Cumulative Funding: ~$165 M
- Key Investors: Canaan Partners, Energy Impact Partners, Allegis Cyber & others (Clay)
- Purpose: Platform development, R&D in ICS/OT security, and early market adoption.
Total Funding Raised: ~$439 M
Latest Funding Date: September 18, 2023
Latest Valuation: $1.7 B
Employee Count: ~355 (as of December 31, 2022)
Key Investors
- Koch Disruptive Technologies
- Details: Investment arm of Koch Industries focusing on disruptive technologies in the industrial and software sectors.
- Focus Areas: Industrial technology, energy operations transformation, and OT cybersecurity.
- BlackRock
- Details: Global asset‑management firm with major investments in technology and infrastructure companies.
- Focus Areas: Enterprise software, cybersecurity, large‑scale platforms.
- WestCap
- Details: Growth equity and operating partner firm that led the Series D extension in 2023.
- Focus Areas: Technology infrastructure, cybersecurity scale‑ups, global expansion.
Where Is Dragos’ Headquarters?
Dragos is headquartered in Hanover, Maryland, United States. The headquarters serves as its central hub for product development, threat‑intelligence operations, and global customer support for industrial cybersecurity.
What’s Next for Dragos?
Dragos plans to deepen its global reach in industrial cybersecurity, enhance AI and analytics for OT threats, and expand into new regions, including Europe, the Middle East, and the Asia‑Pacific. The company will continue to build its ICS/OT practitioner community and invest in scaling up operations and platform innovations to protect critical infrastructure worldwide.
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