D

Dragos

Provides ICS/OT cybersecurity platform and consulting

Overview

Dragos provides cybersecurity focused on industrial control systems (ICS) and operational technology (OT) to protect critical assets in sectors like manufacturing, energy, water, and transportation. The Dragos Platform gives organizations visibility into their ICS/OT networks, detects malicious activity, and supports rapid incident response. In addition to the platform, Dragos offers consulting services to help clients build cybersecurity roadmaps and improve their overall security posture. By concentrating on ICS/OT security with a global client base, Dragos aims to reduce risk to public safety and economic stability through clear visibility, threat detection, and practical defense measures.

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About Dragos

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

Industries

Data & AnalyticsIndustrial & ManufacturingEnterprise SoftwareCybersecurity

Company Size

501-1,000

Company Stage

Series D

Total Funding

$432.2M

Headquarters

Hanover, Maryland

Founded

2016

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What believers are saying

  • Accenture projected $208 million ARR for June 2026, up 53% year over year.
  • EmberAI launched June 23, 2026, giving analysts OT-native AI inside customer environments.
  • Cynalytica integration on September 16, 2026 expands Dragos into serial and analog field devices.

What critics are saying

  • Accenture controls Dragos after September 2026, risking product focus shifting toward services.
  • Integration of Phosphorus, runZero, and NetRise can distract engineering for 6-12 months.
  • A successful OT breach at a marquee customer would damage Dragos credibility overnight.

What makes Dragos unique

  • Dragos owns OT-native telemetry, threat intelligence, and incident-response data from a decade.
  • Accenture closed a $4.175 billion deal on September 21, 2026, giving Dragos scale.
  • Phosphorus, runZero, and NetRise extend Dragos from OT monitoring into xOT exposure.

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Funding

Total Funding

$432.2M

Above

Industry Average

Funded Over

6 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
$74M
$80M
$100M

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

6 month growth

-10%

1 year growth

-10%

2 year growth

-10%
Industrial Cyber
Nov 2nd, 2026
Dragos Public Sector strengthens federal OT cybersecurity with new board, expanded exposure management capabilities.

Dragos Public Sector strengthens federal OT cybersecurity with new board, expanded exposure management capabilities. November 02, 2026 Dragos Public Sector LLC (DPS), the federal business subsidiary of Dragos Inc., named a Board of Directors that includes Rob Joyce, former Director of Cybersecurity at the National Security Agency, and Lieutenant General (Ret.) Maria Barrett, former Commanding General of U.S. Army Cyber Command, as part of a series of milestones that strengthen its ability to protect the extended operational technology (xOT) environment that public sector civilian and defense missions depend on. DPS also confirmed Daniel Dorchinsky, who has led the subsidiary's growth for more than three years, as General Manager. Following Dragos's acquisitions of NetRise and runZero, DPS now offers federal agencies exposure management, software supply chain security, and device remediation to defend the full xOT environment, which spans connected devices, networks, cloud, software supply chain, and the operational core. DPS also named Accenture Federal Services as a strategic go-to-market partner. "Federal xOT environments cannot be secured by tools adapted from IT, and their needs can't be met by a vendor that treats government as an afterthought," Daniel Dorchinsky, General Manager of Dragos Public Sector, said in a recent media statement. "DPS exists so that agencies have a partner whose entire focus is the systems that keep bases running, water flowing, and facilities operating. Today's announcements give us an even stronger technology platform, a governance structure built for the requirements of federal work, and a go-to-market partner with decades of trusted relationships across government." DPS announced its slate of directors: Lieutenant General (Ret.) Maria Barrett, former Commanding General of U.S. Army Cyber Command, as an outside director; Tim Conway, SANS Fellow and Technical Director of ICS and SCADA Programs at the SANS Institute, as an outside director; Rob Joyce, former Director of Cybersecurity at the National Security Agency, as an outside director; Robert M. Lee, Chairman and CEO of Dragos, Inc., as an inside director; Daniel Dorchinsky, General Manager of Dragos Public Sector, as an officer director; and David Fitch, Americas Cybersecurity Lead at Accenture, as an inside director. "Protecting extended operational technology is a national security mission, and the governance of the companies doing that work is critical," said Robert M. Lee, Chairman and CEO of Dragos, Inc. "The Dragos Public Sector Board brings together leaders who have run cyber operations for the Army and NSA, shaped how the ICS community defends itself, and delivered at scale for federal agencies. Their oversight ensures that DPS meets the government's security expectations while giving our federal customers the full strength of the Dragos Platform." Dragos Public Sector's expanded xOT capability set, built through the acquisitions of Phosphorus, NetRise, and runZero, now spans discovery, assessment, and remediation across the xOT environment. * Exposure management extends the asset identification and classification Dragos Platform is known for beyond sensor-covered OT networks into IT, cloud, and remote infrastructure. It ingests data from the sources an organization already has, producing a unified exposure view from day one without deploying a sensor. * The Dragos Software and Supply Chain Module extends visibility, security, and manageability down to the code level, through binary-level analysis of compiled firmware and software. * Automated discovery and remediation for connected devices includes executing credential rotation, firmware updates, and configuration hardening safely at scale. The additions coincide with two federal deadlines: agency Logging Plans under OMB Memorandum M-26-14 are due to OMB and CISA on November 18, 2026, and CISA Binding Operational Directive 26-04 reaches full operationalization, including continuous exposure tagging and tiered remediation, on December 7, 2026. Both bring OT and IoT assets into scope for agency information systems, and both start from the same requirement: an agency cannot assess or remediate an asset it cannot first confirm exists. The expanded Dragos Platform now delivers that complete, exposure-tagged asset and vulnerability inventory, including firmware components no network scanner enumerates, and applies xOT-native network monitoring, threat detection, and "Now, Next, Never" vulnerability management grounded in the Dragos Intelligence Fabric, so agencies gain a single view of their xOT environment and what to fix first. Where a finding falls in the "Now" tier and the asset can be safely changed, the Platform closes the findings rather than only reporting them. Where a controller cannot be patched inside a tier deadline, Dragos supplies OT-specific compensating controls and the documentation agencies need, to show risk reduction to CISA and their Inspector General. Dragos Public Sector has named Accenture Federal Services as a strategic go-to-market partner. Accenture Federal brings more than a decade of OT cybersecurity delivery experience and long-standing relationships with federal civilian, federal law enforcement, defense, and intelligence community customers. Through the partnership, Accenture Federal will deliver DPS technology and services within its federal engagements, extending the reach of the Dragos Platform to more agencies. DPS will continue to work with its existing channel, integrator, and reseller partners. "Federal agencies are being asked to secure operational technology at a faster pace and bigger scale," said Amanda Satterwhite, Cyber Lead, Accenture Federal Services. "Pairing Accenture Federal Services' scaled delivery capacity and mission understanding with the Dragos Platform gives agencies a path to compliance and, more importantly, to more quickly defended operations." DPS also works through Carahsoft, its Public Sector distributor since 2024, and other reseller and integrator partners that bring the Dragos Platform to federal agencies. Industrial Cyber News Desk

Yahoo Finance
Oct 27th, 2026
Dragos Public Sector names board with ex-NSA's Rob Joyce, adds Accenture Federal as partner

Dragos Public Sector (DPS), the federal subsidiary of Dragos, has named a board that includes Rob Joyce, former director of cybersecurity at the National Security Agency, and Lieutenant General (Ret.) Maria Barrett, former commanding general of US Army Cyber Command. Daniel Dorchinsky, who has led its growth for more than three years, was confirmed as general manager. Following Dragos's acquisitions of NetRise and runZero, DPS now offers federal agencies exposure management, software supply chain security, and device remediation across the extended operational technology (xOT) environment. DPS also named Accenture Federal Services as a strategic go-to-market partner. Accenture will deliver DPS technology and services within its federal engagements. The additions coincide with federal deadlines on November 18, 2026, and December 7, 2026, which bring operational technology and IoT assets into scope.

MarketScreener
Oct 20th, 2026
Accenture, Dragos, SANS Institute partner on cybersecurity for underresourced utilities.

Accenture, Dragos, SANS Institute partner on cybersecurity for underresourced utilities. Published on 10/20/2026 at 04:15 pm EDT - Modified on 10/20/2026 at 04:17 pm EDT By Elias Schisgall Accenture is joining forces with Dragos and the SANS Institute to provide around $10 million worth of cybersecurity measures for utilities in the U.S. The three groups are collectively contributing around $10 million for the first phase of the initiative, which will provide cybersecurity services and training for free for up to 500 under-resourced utilities. The initiative also involves the launch of the Community Cyber Resilience Foundation, a non-profit aiming to fortify the cybersecurity measures of utilities with less than $100 million of annual revenue. The announcement was made following a surge of cyberattacks targeting U.S. water systems in more than a dozen states, the three groups said. "Our work with America's critical infrastructure operators has shown both the gravity of the cyber threats they face and a widening vulnerability gap-between large operators with the resources to invest in cybersecurity and smaller utilities that often lack those means," Accenture Chief Executive Julie Sweet said. Accenture on Tuesday also said it had acquired Avicado, a construction technology consultancy, based in Miami, Fla. Financial terms of the acquisition were not disclosed. Write to Elias Schisgall at [email protected] (END) Dow Jones Newswires 10-20-26 1614ET (C) Dow Jones - 2026

Cyber Security Insiders
Sep 28th, 2026
Dragos expands xOT security platform with NetRise and runZero acquisitions.

Dragos expands xOT security platform with NetRise and runZero acquisitions. Dragos, Inc., the global leader in extended operational technology (xOT) cybersecurity, has completed its acquisitions of NetRise and runZero. The transactions follow the completion of Accenture's majority investment in Dragos, providing the company with additional capital and global reach to accelerate the expansion of the Dragos Platform. The combined capabilities are designed to help organizations identify and protect their entire xOT environment, encompassing connected devices, networks, cloud infrastructure, software supply chains, and operational systems. As part of the company's continued expansion, Dragos announced that Robert M. Lee will serve as Chairman of the Board in addition to his position as CEO. Dragos will continue operating independently under its existing leadership team, maintaining the vendor neutrality needed to secure critical infrastructure environments that rely on technologies from multiple providers. The acquisitions bring the full teams from runZero and NetRise into Dragos, including runZero CEO HD Moore, NetRise CEO Thomas Pace, and NetRise CTO and Chief Scientist Michael Scott. They will oversee the integration of their respective technologies into the Dragos Platform while continuing to support their existing customers. "The world's largest companies have invested heavily in enterprise IT security, yet it's their cyber-physical systems that generate revenue and carry national and local security impact," said Robert M. Lee, Chairman and CEO of Dragos. "Organizations across electric, oil and gas, manufacturing, data centers, and other critical infrastructure sectors need to defend every system that can influence a physical process. That extended environment is xOT. NetRise, runZero, and Dragos defend it together." Earlier this year, Dragos acquired Phosphorus to address the billions of connected devices embedded throughout critical infrastructure and other operational networks. The addition of runZero further expands Dragos's asset visibility and exposure management capabilities by incorporating existing IT, OT, and cloud asset information from sources already used by organizations. This enables defenders to establish a more complete view of assets across their xOT environments. NetRise complements these capabilities by providing visibility into the firmware and software operating on connected devices. Its technology can identify risks including outdated software components and hardcoded credentials while helping organizations maintain the documentation necessary to support compliance with NERC CIP, NIS2, TSA directives, and other regulatory requirements. According to Gartner(R), "The bidirectional cyber-physical continuum is facing a significantly expanded attack surface as CPS (Cyber-Physical Systems) increasingly interconnect with each other, with enterprise systems, and externally via internet and wireless connectivity. This effectively dismantles the legacy assumption of air-gapped isolation, which is no longer defensible in today's operational environments." Dragos is also expanding its Board of Directors with new members from Accenture: Harpreet Sidhu, Global Cybersecurity Lead; Luis Luque, Global OT Cybersecurity Lead; and John Coltsmann, Corporate Development. Dmitri Alperovitch, Co-Founder and Chairman of Silverado Policy Accelerator and Co-Founder and former CTO of CrowdStrike Inc., will also return to the Dragos Board. "Intrusions into OT networks have become a daily reality for critical infrastructure operators given the geopolitical conflicts we've been witnessing around the world in recent years," said Alperovitch. "Cybersecurity for these environments is more than a matter of uptime. It's about whether the lights stay on and the water stays safe when an adversary attacks. Dragos, NetRise, and runZero now give defenders what they've been missing: the right xOT tools for that fight." The acquisitions are also expected to strengthen the Dragos Intelligence Fabric, which incorporates a decade of OT-specific telemetry and incident response expertise into the Dragos Platform. Dragos EmberAI, designed specifically for operational environments, will use the expanded data set to provide analysts with faster and more comprehensive guidance through the Dragos Platform. Dragos will provide additional information about its combined platform strategy, including plans for integrating NetRise and runZero, during a webinar featuring Lee, Moore, and Pace. Register here. About Dragos Dragos is the global leader in extended operational technology (xOT) cybersecurity, delivering on its mission to safeguard civilization. Built for the full xOT environment, or xOT, the Dragos Platform delivers asset visibility, continuous monitoring, OT vulnerability management, segmentation validation, device protection, and real-time threat detection, powered by the industry's most experienced OT threat intelligence and incident response team. Dragos serves critical sectors including energy, manufacturing, water, transportation, data centers, mining, and ports. Privately held and headquartered in the Washington, DC area, Dragos operates globally across North America, EMEA, and APAC. Visit dragos.com.

FinTech Global
Sep 22nd, 2026
Dragos buys NetRise and runZero to widen xOT defences.

Dragos buys NetRise and runZero to widen xOT defences. September 22, 2026 Dragos has acquired NetRise and runZero, two companies specialising in firmware and asset visibility, in a move designed to broaden protection across connected devices, networks and industrial systems. The acquisitions follow the completion of Accenture's majority investment in Dragos, which is providing the capital and international reach needed to scale the Dragos Platform. With the deals now closed, organisations gain the ability to monitor and defend their entire xOT environment, covering connected devices, networks, cloud infrastructure, the software supply chain and core operational systems. Alongside the acquisitions, Dragos confirmed that Robert M. Lee has taken on the role of Chairman of the Board, in addition to remaining CEO. The company said it will continue to operate independently under its existing leadership, maintaining the vendor-neutral approach it considers essential for protecting critical infrastructure built on technology from multiple suppliers. runZero CEO HD Moore, NetRise CEO Thomas Pace, and NetRise CTO and Chief Scientist Michael Scott are joining Dragos with their full teams, and will oversee the integration of both businesses into the Dragos Platform while continuing to support their existing customers. The purchases build on Dragos's earlier acquisition of Phosphorus this year, which was aimed at securing the billions of connected devices used across critical infrastructure and operational networks. runZero contributes asset visibility and exposure management capabilities, consolidating existing IT, OT and cloud asset data so defenders gain a fuller picture of their xOT environment. NetRise, meanwhile, brings visibility into device firmware and software, identifying risks such as outdated components and hardcoded credentials, while helping organisations meet compliance obligations including NERC CIP, NIS2 and TSA directives. Dragos is positioned as the leading provider of xOT cybersecurity, working to help organisations in sectors such as electricity, oil and gas, manufacturing and data centres protect the systems that underpin physical operations. The company also announced several additions to its board. Harpreet Sidhu, Global Cybersecurity Lead at Accenture, and Luis Luque, Accenture's Global OT Cybersecurity Lead, are joining alongside John Coltsmann from Corporate Development. Dmitri Alperovitch, co-founder and chairman of Silverado Policy Accelerator and former CTO of CrowdStrike, is also returning to the Dragos board. The two new acquisitions are set to expand the Dragos Intelligence Fabric, the company's decade-long repository of OT-specific telemetry and incident response data that underpins the Dragos Platform. Dragos EmberAI, designed specifically for operational environments, will draw on this larger dataset to deliver faster and more detailed guidance to analysts using the platform. Dragos chairman and CEO Robert M. Lee said, "The world's largest companies have invested heavily in enterprise IT security, yet it's their cyber-physical systems that generate revenue and carry national and local security impact. Organizations across electric, oil and gas, manufacturing, data centers, and other critical infrastructure sectors need to defend every system that can influence a physical process. That extended environment is xOT. NetRise, runZero, and Dragos defend it together." Enjoying the stories? Investors. The following investor(s) were tagged in this article.

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