{"id":43682,"date":"2021-10-28T20:31:03","date_gmt":"2021-10-28T20:31:03","guid":{"rendered":"https:\/\/www.darkreading.com\/vulnerabilities-threats\/ics-security-firm-dragos-reaches-1-7b-valuation-in-latest-funding-round"},"modified":"2021-10-28T20:31:03","modified_gmt":"2021-10-28T20:31:03","slug":"ics-security-firm-dragos-reaches-1-7b-valuation-in-latest-funding-round","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/ics-security-firm-dragos-reaches-1-7b-valuation-in-latest-funding-round\/","title":{"rendered":"ICS Security Firm Dragos Reaches $1.7B Valuation in Latest Funding Round"},"content":{"rendered":"
<\/div>\n

ICS security vendor Dragos has reached a nearly $2 billion valuation in the wake of a $200 million Series D funding round that is led by Koch Disruptive Technologies and BlackRock and includes major industrial companies such as Emerson and Rockwell Automation.<\/p>\n

The funding round follows a $110 million Series C<\/a> in December 2020 led by major global energy, manufacturing, and oil and gas company investors. Dragos now has a $1.7 billion valuation.<\/p>\n

Some of its previous investors joined the latest round, including Koch, Hewlett Packard Enterprise, Allegis Cyber, Canaan, DataTribe, Energy Impact Partners, National Grid Partners, and Schweitzer Engineering Labs. The Series D round will go toward Dragos’ continued global expansion in security for the industrial sector, including electric, oil and gas, chemical, pharmaceutical, food and beverage, water, and manufacturing.<\/p>\n

Dragos’ funding and valuation underscores a red-hot ICS security market that has accelerated amid the pandemic’s subsequent work-from-home shift and ongoing digitization of industrial operations, as well as in the wake of high-profile cyberattacks including the ransomware attack that forced gas pipeline company Colonial Pipeline to temporarily shut down its pipeline<\/a>.<\/p>\n

Robert M. Lee, co-founder and CEO of Dragos, says industrial organizations really started to take OT cybersecurity seriously after the 2015 cyberattack that knocked out the power in Western Ukraine<\/a>. “I think we’re seeing 2015 Ukraine catch up with us,” Lee says. Power companies began to realize “that could happen here,” he notes.<\/p>\n

Now ICS security is getting high-level business support. “My conversations were always with CISOs and CIOs, but in the last year, it’s all been CEO and [the board],” he says. “There’s been an awakening there.”<\/p>\n

Read More HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The $200M Series D represents the company’s largest funding round to date.Read More HERE<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[151],"tags":[],"class_list":["post-43682","post","type-post","status-publish","format-standard","hentry","category-darkreading-ti"],"yoast_head":"\nICS Security Firm Dragos Reaches $1.7B Valuation in Latest Funding Round 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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