ICS/SCADA, OT Security, SC Awards

Funding Boost Powers Up Dragos’ Cybersecurity Offerings

Dragos will use $74 million it received in a Series D funding round extension to bolster its ability to make industrial control systems (ICS) and operational technology (OT) cybersecurity "more accessible around the world."

The Series D funding round extension comes from investing firm WestCap, according to a prepared statement. To date, Dragos has secured $274 million in Series D funding and approximately $440 million in total financing.

Dragos Protects Organizations Against ICS and OT Threats

The industrial threat landscape "irreversibly changed this past year," Dragos CEO Robert M. Lee stated. As such, critical industries are looking for solutions that give organizations visibility into their OT networks and protect against threats.

Meanwhile, critical-infrastructure organizations can utilize the Dragos Platform to visualize, detect and respond to ICS and OT threats, the company stated.

Here's what the platform delivers:

  • ICS and OT asset visibility help organizations analyze protocols, network traffic, host logs and other data sources to identify and remediate threats across ICS and OT environments.
  • Threat detection pinpoint malicious behavior across organizations' ICS and OT networks and reduce false positives.
  • Vulnerability management provide corrected, enriched and prioritized guidance that allows organizations to manage the lifecycle of vulnerabilities in their environments.

    • MSSPs, MSPs and other technology providers can integrate the Dragos Platform into their offerings via the company's Global Partner Program. In addition, the program provides partners with access to professional services, threat intelligence and other Dragos tools and resources.

    Dragos Extends Global Reach

    The Series D funding round extension comes after Dragos has made several moves to expand globally in 2023, including:

    • Partnering with Macnica Corporation to deliver its OT cybersecurity solutions in Japan.
    • Expanding its commitment to provide the Dragos Platform, threat intelligence and various services to organizations in Europe
    • Offering the Dragos Global Partner Program to technology providers in Spain

      • Furthermore, Dragos received 2023 SC Awards in two categories: Best Industrial Security Solution and Most Promising Unicorn. Dragos also was named Best Incident Response Solution by SC Awards Europe.

      Dan Kobialka

      Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.

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