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Focus: Industrial cybersecurity
Funding: $158 million
Founded: 2013
Dragos is one of the pioneers in industrial cybersecurity. The company's technology is designed to help organizations in critical infrastructure sectors protect ICS/OT environments against cyberthreats. In addition, the company provides threat intelligence services that proactively warn organizations of new ICS/OT threats and guidance on how to combat them.
Multiple factors have heightened the need for such technology. One of them is the increasingly interconnected nature of once-isolated industrial control systems. The other is the growing targeting of these ICS networks by ransomware operators and nation-stated backed groups intent on sabotage and cyber-espionage. MarketsandMarkets research has pegged demand for ICS security technologies to grow from $15.8 billion in 2020 to $22.2 billion by 2025.
Dragos customers include six of the top 10 largest oil and gas companies in North America, Europe, and the Middle East and nine out of the 10 largest electric utilities in the same region. Last December the company secured $110 million in Series C funding from investors representing some of the largest companies in the energy, oil, gas, and manufacturing sector.
Scott Crawford, an analyst with S&P Global Market Intelligence, described Dragos as an early recognized player in the realm of OT and industrial IoT.
"[Founder] Robert Lee and his colleagues are respected practitioners with strong experience in this field, often early with analysis of ICS threats," he says. "They have developed a platform for visibility and management of security for these environments and continue to be recognized in this field.
Image: Dragos
Jai Vijayan is a seasoned technology reporter with over 20 years of experience in IT trade journalism. He was most recently a Senior Editor at Computerworld, where he covered information security and data privacy issues for the publication. Over the course of his 20-year ... View Full Bio
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