Dragos Raises $110M From Koch, National Grid To Grow Globally(CRN)

Dragos’ Series C round was co-led by National Grid Partners and Koch Disruptive Technologies, and represents the largest-ever investment in a company in the ICS or OT cybersecurity spaces.

Industrial cybersecurity startup Dragos has closed a Series C funding round to support customers across a broader range of industries and accelerate global operations.

The Hanover, Md.-based company said its $110 million round was co-led by National Grid Partners and Koch Disruptive Technologies, and represents the largest-ever investment in a company in the industrial controls systems (ICS) or operational technology (OT) cybersecurity spaces. Dragos will use the proceeds to serve clients in the electric, oil and gas, manufacturing, mining, chemicals and transportation spaces.

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