Dragos Raises $74 Million at $1.7 Billion Valuation

Dragos is a cybersecurity company that caters to the unique needs of industrial control systems. By constantly monitoring and analyzing emerging threats, Dragos stays one step ahead of cybercriminals and proactively develops countermeasures. This dynamic approach ensures that their software is always up-to-date and capable of defending against the latest threats, providing users with peace of mind in an ever-evolving digital landscape.

Dragoshas raised $74 million from WestCap. The new investment is in addition to the Series D round that occurred in October 2021, bringing Dragos’s Series D round to $274 million. The company’s post-money valuation remains unchanged at $1.7 billion. Dragos CEO Robert Lee says that the new money will be put toward “continuing to grow and expand” the company’s customer base.

Dragos, Hanover, Maryland, United States, was founded in 2016 by Jon Lavender, Justin Cavinee, and Robert M. Lee. “Equity provides Dragos with the most operational flexibility,” said Lee. “The Series D funding extension will bolster Dragos’ ability to make industrial cybersecurity more accessible around the world.”

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