Cybersecurity Startup Dragos Announces $37 Million in Series B

Dragos, Inc., developer of the Dragos threat detection and response platform, raised $37 million in a Series B funding round led by Canaan with participation from Emerson, National Grid Partners, and Schweitzer Engineering Laboratories. With the investment, Joydeep Bhattacharyya, a partner at Canaan, joins the company’s board of directors.

The investment comes at a time of ICS cybersecurity market growth. Drawing from the real-world experience of their ICS cybersecurity practitioners, the Dragos industrial threat detection and response platform is designed to provide the components required to scalably detect and respond to industrial cybersecurity threats. Dragos also provides threat hunting and incident response services, as well as a threat intelligence program—Dragos WorldView—for intelligence reports on the latest industrial threats.