What is Dragos?
Headquartered in the Baltimore-Washington, DC area, Dragos specializes in safeguarding the industrial infrastructure that underpins modern civilization. By codifying the deep expertise of its founders—who possess extensive backgrounds in government and private sector security—the company offers an integrated software suite designed to identify and neutralize threats within ICS and OT environments. Its solutions are critical for sectors such as power, water, energy, and manufacturing, and are increasingly vital for the security of the Industrial Internet of Things (IIOT). Dragos operates with a global footprint, ensuring that organizations across North America, Europe, Australia, and the Middle East can maintain operational continuity in an era of heightened digital risk.
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 Energy Impact Partners and Allegis Capital
Series B (2018): $37M supported by National Grid Partners, Canaan Partners, Emerson, and Schweitzer Engineering Laboratories
Series C (2020): $110M featuring Saudi Aramco Energy Ventures, National Grid Partners, Koch, Energy Impact Partners, Canaan, AllegisCyber Capital, Hewlett Packard Enterprise, Schweitzer Engineering Labs, and DataTribe
Series D (2021): $200M backed by Rockwell and Koch Disruptive Technologies
Key Investors in Dragos
Energy Impact Partners
Energy Impact Partners is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, and digitized future by collaborating with leading innovators.
Allegis Capital
AllegisCyber Capital is a venture capital firm specializing in early-stage investments within the cybersecurity sector, leveraging deep domain expertise to support innovative pioneers.
DataTribe
DataTribe is a specialized startup foundry based in Maryland that focuses on providing capital and operational support to companies in the cybersecurity, analytics, and big data fields.
What's next for Dragos?
With the successful completion of its latest funding round, Dragos is well-positioned to accelerate its global expansion and deepen its technological moat. The company is expected to leverage this capital to enhance its threat intelligence capabilities and broaden its reach into emerging industrial markets. As the convergence of IT and OT continues to expand the attack surface for critical infrastructure, Dragos remains focused on scaling its platform to meet the evolving demands of utility providers and industrial enterprises. The strategic alignment with its diverse investor base—ranging from energy-focused venture firms to multinational automation leaders—provides the company with a unique competitive advantage in navigating the complex regulatory and operational landscapes of the global energy economy.
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