Dragos crowned first ever industrial cybersecurity unicorn after $200m Series D

Cybersecurity firm Dragos has become the first ever industrial cybersecurity unicorn after it raised $200m in a Series D round led by Koch Disruptive Technologies.

Also taking part in the raise were funds and accounts managed by BlackRock as well as several unnamed other investors.

Founded in 2016, Dragos has developed an integrated software platform that provides critical visibility into ICS and OT networks so that threats are identified and can be tackled before they become more significant events.

The company claims its solutions are optimised for emerging applications such as the Industrial Internet of Things, which enable its clients in areas such as energy, manufacturing, power and water utilities to have adaptable and resilient security.

Headquartered in Maryland, the company currently has 360 employees and operations globally. The company has outlined plans to continue its growth path, which will include expansion to new regions and market verticals.

According to Security Week, Dragos noted it is currently tracking almost 20 groups that ‘pose a threat to industrial organisations’, while a growing number of companies have supposedly turned to Dragos for incident response.

Elsewhere in the industrial cybersecurity space, US firm Claroty recently raised $140m from a Series D funding round co-led by Bessemer Venture Partners’ Century II fund and 40 North Ventures.

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