Cyber Risks · Dragos Blog

Dragos Strengthens Executive Team to Drive Next Phase of Business Growth, Building on Record of Innovation and Market Leadership

Summary: Dragos announced on November 19, 2024 that it appointed Mark Matheos as CFO, Mark Packham as CMO, and moved former CFO Darren Sankbeil into a new Chief Strategy Officer role. The company said the appointments are meant to support its next stage of growth amid accelerating demand for OT and cyber-physical systems security, citing Sankbeil's prior record including a $110 million Series C, a $200 million Series D with a $74 million extension, and the acquisition of Network Perception.

Why it matters: Dragos is staffing up for scale in a market where its own history includes a $110 million Series C described as the largest at the time for an ICS/OT security company - a signal that OT security budgets and competitive pressure are moving, and that buyers should expect a more aggressive vendor landscape.

Read the original at Dragos Blog ↗

Topics
OT / ICS & Critical Infrastructure
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