Dragos, the global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, today announced it has raised a record-breaking $200 million in Series D funding at a valuation of $1.7 billion. This marks the largest funding round and the highest valuation achieved by an OT cybersecurity company, providing further validation for the demand for OT cybersecurity. The funding will continue to accelerate the company's global expansion and support customers in key growth markets across diverse industries including electric, oil & gas, chemical, pharmaceutical, food and beverage, water, and manufacturing.

The funding round was led by Koch Disruptive Technologies, an investment arm of Koch Industries, and funds and accounts managed by BlackRock, a leading global asset manager. Investors include Emerson, Hewlett Packard Enterprise, AllegisCyber, Canaan, DataTribe, Energy Impact Partners, National Grid Partners, Schweitzer Engineering Labs, Global Reserve Group, and Rockwell Automation.

Dragos has a global mission: to safeguard civilization from those trying to disrupt the industrial infrastructure we depend on every day. The practitioners who founded Dragos were drawn to this mission through decades of government and private sector experience.

Dragos codifies the knowledge of our cybersecurity experts into an integrated software platform that provides customers critical visibility into ICS and OT networks so that threats are identified and can be addressed before they become significant events. Our solutions protect organizations across a range of industries, including power and water utilities, energy, and manufacturing, and are optimized for emerging applications like the Industrial Internet of Things (IIOT).