Industrial Cybersecurity Leader Dragos Raises an Additional $74M in Series D Round Extension Funding Led by West Cap
Summary: Dragos announced a $74 million Series D extension led by WestCap on September 18, 2023, bringing the Series D round to $274 million and total funds raised to approximately $440 million. The company said the funding will support go-to-market initiatives and expansion in North America, Europe, the Middle East, and Asia-Pacific across industries including electric, oil and gas, water, and transportation.
What's compelling: Frost & Sullivan figures cited in the announcement put the industrial cybersecurity market at $10.2 billion by 2025, up from $3.3 billion in 2020, and investors are placing capital against that growth while governments, including through the Biden administration's National Cybersecurity Strategy, press operators of critical infrastructure to account for their OT environments.
Read the original at Dragos Blog ↗
- Topics
- OT / ICS & Critical Infrastructure
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