Exclusive: Dragos Raises $37 Million to Secure Industrial Systems

[InfoSec News <alerts () infosecnews org>]

http://fortune.com/2018/11/14/dragos-raise-funding-venture-capital-energy-grid-security/

By Robert Hackett
Fortune.com
11/14/2018

Two years ago when Rob Lee first sought funding for his cybersecurity 
startup Dragos, most venture capitalists didn't deem the business 
"investible," he says.

The market for securing industrial control systems --machinery used in 
manufacturing, water treatment, power plants, and oil and gas facilities 
-- struck prospective backers as too complex, slow-moving, and small. The 
opportunity wasn’t obvious, even in the immediate aftermath of a 
hacker-induced outage of a Ukrainian power grid by a group associated with 
Russia in December 2015.

Today Dragos is having no such difficulty. The Hanover, Md.-based firm, 
which employs more than 80 people, said Wednesday it raised $37 million in 
new venture capital. The company has raised a total of $48 million in 
three rounds of funding to date.

[...]

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