SECURITY
SECURITY
SECURITY
ICS cybersecurity startup Dragos raises $37M in new funding
Industrial control system cybersecurity startup Dragos Inc. said today it has raised $37 million in new funding to continue its “mission of safeguarding civilization.”
The Series B round was led by Canaan and included Emerson Electric Co., National Grid Partners, Schweitzer Engineering Laboratories and a number of existing investors. As part of the round, Canaan partner Joydeep Bhattacharyya is joining Dragos’ board of directors.
Founded in 2016, Dragos offers an industrial threat detection and response platform that provides ICS cybersecurity teams components required to detect and respond to industrial cybersecurity threats. Alongside its core platform, Dragos also provides threat hunting and incident response services as well as a threat intelligence program called Dragos WorldView that provides intelligence reports of ICS cybersecurity risks.
The company seems to pride itself on its employees, noting that its team includes industrial security practitioners from the U.S. intelligence community and around the private sector. “Our boots-on-the-ground experience ensures applicability of our approach to your challenges,” Dragos notes.
“As global industries continue to implement digital transformation strategies, it becomes even more critical to continue investing in new digital security technology,” Robert Yeager, president of power and water solutions for Emerson, said in a statement. “The future of our industry depends on maintaining secure technology infrastructure.”
Along with safeguarding civilization, Dragos said, it would also use the new funding to hire more people as well as expand internationally.
“We are seeing the attention of investors, corporations and community alike in making ICS cybersecurity a priority,” Dragos Chief Executive Robert Lee told SiliconANGLE. “Every year, there are more and more people joining our growing community and focus put on security of our industrial operations from the boardroom to the plant floor.”
Including the new funding, Dragas has raised $48.2 million to date. Previous investors include AllegisCyber, BYU Cougar Capital, Energy Impact Partners and DataTribe.
Photo: Dragos
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
