Dragos provides a platform that delivers visibility into industrial assets and communications, uses analytics to identify threats, prioritizes vulnerabilities, and supplies playbooks for incident response. The company also offers managed hunting and a threat intelligence service and enables customers to optionally share intelligence anonymously. Its customers include roughly 400 organizations and governments across sectors such as electric, water, oil and gas, and chemical. Dragos has a 500-person workforce and has recently expanded in Western Europe, the Middle East, and entered Japan via a Macnica agreement; it also signed a three-year deal with Singapore’s cybersecurity arm. The company launched the Dragos Global Partner Program to train partners that resell, manage, and deploy its platform. CEO Robert Lee says the firm aims to continue growing and expanding its customer base and has previously indicated an intention to eventually IPO. Dragos builds industrial cybersecurity software to detect and respond to threats facing industrial control systems (ICS), which underpin power plants, water systems and other critical infrastructure. Its Neighborhood Keeper technology shares ICS threat intelligence across industries and geographic regions to improve visibility. The company reported 100% year‑on‑year growth in platform recurring revenue. Dragos plans to use new funding to accelerate global expansion and support customers in growth markets including electric, oil and gas, chemical, pharmaceutical, food and beverage, water and manufacturing. CEO Robert Lee said the company aims to remain long‑term independent and views an eventual IPO as the appropriate path, though it is not an immediate priority. Dragos was founded in 2016. Dragos develops a threat-detection platform and maintains a research arm to detect and respond to threats facing industrial control systems (ICS) that run power plants, water and energy supplies and other critical infrastructure. The platform is the company's primary revenue driver and is designed to eject attackers from operational networks while its research team tracks adversaries targeting complex, segmented ICS environments. Founded in 2016 and based just outside Washington, D.C., Dragos now employs over 220 people, about one-third of whom work in software engineering, and has nearly doubled headcount since last year. The company plans to use its latest funding to accelerate go-to-market efforts, expand sales and marketing, and grow customer support, including adding roughly 30 support staff. Dragos is expanding internationally with an office in Saudi Arabia and planned new offices in Melbourne, Dubai and the United Kingdom. Leadership has stated an eventual goal of going public while continuing to focus on building the market and the product. Dragos develops an intelligence-driven threat detection and response platform for industrial control systems (ICS), codified from decades of real-world experience by ICS security practitioners. Its offerings include the Dragos platform for asset identification and threat detection, threat hunting and incident response services, and the Dragos WorldView threat intelligence program. The company emphasizes an approach based on practitioner experience rather than solely on machine learning or shared indicators. Dragos has been recognized as a Gartner 2018 Cool Vendor in Industrial IoT and OT Security. The company is headquartered in the Washington, DC area. Management says the business is experiencing high customer demand driven by growth in the ICS security market. Dragos has built an industrial cybersecurity ecosystem that includes the Dragos Platform (on‑premise or cloud), the Dragos Threat Operations Center, Global ICS Intelligence, and CyberLens network assessment software. Its platform passively collects data for asset identification, uses industrial‑specific behavioral analytics to detect threats, and codifies workflows and incident response procedures to improve security operations. The company emphasizes behavioral analytics that codify human adversary tradecraft rather than generic anomaly detection. Dragos offers services ranging from threat hunting and incident response to lightweight assessment software, and publishes weekly threat intelligence informed by its operations. The company was founded in May 2016 and is based in Hanover, Md. The Series A will be used to increase headcount to meet rising customer demand, supported by partnerships with Deloitte and CrowdStrike.

Total raised

$432M

Funding rounds

6

Latest round

Series D

Latest activity

Sep 2023