Dragos

Dragos

Cybersecurity for industrial control systems

About Dragos

Simplify's Rating
Why Dragos is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Consulting

Industrial & Manufacturing

Cybersecurity

Company Size

501-1,000

Company Stage

Series D

Total Funding

$420.4M

Headquarters

Glen Burnie, Maryland

Founded

2016

Overview

Dragos specializes in cybersecurity for industrial control systems (ICS) and operational technology (OT) environments, which are essential for industries like manufacturing, energy, water, and transportation. Their main product, the Dragos Platform, allows organizations to visualize their network, detect threats, and respond effectively to cyberattacks. This platform is particularly important because many ICS and OT systems are outdated and vulnerable, posing risks to public safety and economic stability. Dragos differentiates itself by focusing specifically on this niche market and offering both a comprehensive platform and consulting services to help clients enhance their cybersecurity strategies. The company's goal is to protect critical industrial assets from cyber threats, serving clients across various sectors in over 20 countries.

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Simplify's Take

What believers are saying

  • Growing demand for cybersecurity in energy due to rising threats boosts Dragos' market.
  • AI-driven threat detection interest aligns with Dragos' advanced technology offerings.
  • Remote work trends increase need for secure OT environments, benefiting Dragos' solutions.

What critics are saying

  • Emerging ICS and OT cybersecurity firms may erode Dragos' market share.
  • Rapid cyber threat evolution may outpace Dragos' platform updates, risking client security.
  • Integrating acquisitions like Network Perception may disrupt service delivery.

What makes Dragos unique

  • Dragos specializes in ICS and OT cybersecurity, a niche with high entry barriers.
  • The Dragos Platform offers comprehensive visibility, threat detection, and rapid response tools.
  • Global partnerships, like with Yokogawa, enhance Dragos' cybersecurity capabilities worldwide.

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Funding

Total Funding

$420.4M

Above

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Meet Average

Industry standards

$77M
$70M
Twilio
$74M
Dragos
$80M
Handshake
$100M
Affirm

Benefits

Medical, dental, vision, disability, & life insurance

401k with match

Equity

Competitive compensation

Remote working options

Pet-friendly options

In-house brewery

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

0%
Business Wire
Feb 18th, 2025
Dragos Named a Leader in 2025 Gartner(R) Magic Quadrant(TM) for CPS Protection Platforms

Dragos named a Leader in 2025 gartner(r) Magic quadrant(tm) for CPS Protection Platforms.

HR Tech Wire
Jan 16th, 2025
Dragos and Yokogawa Forge Global Partnership to Strengthen Cybersecurity for Industrial Systems Worldwide

Dragos Inc., the global leader in cybersecurity for operational technology (OT) environments, today announced a global partnership with Yokogawa Electric Corporation (TOKYO: 6841), a leading provider of industrial automation and instrumentation solutions to the process and manufacturing industries.

Silicon Canals
Jan 9th, 2025
Dragos Inc. Media Alert: Dragos CEO Robert M. Lee to Address Global Audience on Cybersecurity Complexity and Resiliency at the World Economic Forum Annual Meeting in Davos, Switzerland

Dragos Inc., the global leader in cybersecurity for operational technology (OT) environments, today announced CEO and Co-founder Robert M. Lee is returning as a speaker at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland for the session "Cutting through Cyber Complexity."

CIO First
Jan 9th, 2025
Dragos Names Ekta Singh-Bushell as Chief Operating Officer

Dragos Inc., the global leader in cybersecurity for operational technology (OT) environments, announced it has appointed Ekta Singh-Bushell as Dragos's first Chief Operating Officer.

Economic Times
Jan 7th, 2025
Dragos and Singapore's Digital and Intelligence Service partner for enhancing global cybersecurity

Dragos Inc., the global leader in cybersecurity for operational technology (OT) environments, and the Singapore Armed Forces' Digital and Intelligence Service (DIS) have signed a Memorandum of Understanding (MOU) to jointly develop advanced cybersecurity capabilities, collaborate on strategic cybersecurity planning and training, and facilitate the two-way sharing of information about cyber threats.

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