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Industrial Cybersecurity Leader Dragos Raises An Additional $74M In Series D Round Extension Funding Led By Westcap

Sep 18, 2023almost 2 years ago

Amount Raised

$74 Million

HanoverNetwork SecurityInformation Technology

Investors

Black RockKoch Disruptive TechnologiesWest Cap

Description

Dragos, Inc., the global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, today announced a $74 million Series D extension, led by strategic operating and investing firm WestCap.

Company Information

Company

Dragos

Location

Hanover, Maryland, United States

About

Dragos provides the most effective OT cybersecurity technology for industrial and critical infrastructure to deliver on our global mission: to safeguard civilization. After nearly a decade of real-world experience handling landmark attacks on OT networks, Dragos understands the complexity and risks of industrial environments, which operate on massive scale with unique systems and exacting availability requirements and are not protected by IT cybersecurity.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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