Dragos, a company building software to secure the control systems for manufacturing and industrial equipment, has raised $74 million in a Series D round extension led by WestCap. The round, which brings Dragos’ total raised to $440 million, leaves the startup’s post-money valuation unchanged for the second year at $1.7 billion. Dragos CEO Robert Lee […],
Dragos raises $74 million in Series D round extension
Dragos, a leading software company specializing in securing control systems for manufacturing and industrial equipment, has recently announced the successful completion of a Series D round extension. The round, which was led by WestCap, resulted in a funding amount of $74 million. With this latest investment, Dragos has now raised a total of $440 million and maintains its post-money valuation of $1.7 billion for the second consecutive year.
Continued growth and success for Dragos
The impressive funding raised by Dragos demonstrates the company’s continued growth and success in the market. As a leading player in the field of securing control systems, Dragos provides crucial software solutions for industries relying on manufacturing and industrial equipment. This latest funding round will allow the company to further expand its operations, invest in research and development, and continue to provide top-notch cybersecurity solutions to its clients.
A testament to Dragos’ reputation and potential
The participation of WestCap as the lead investor in this Series D round extension is a testament to Dragos’ strong reputation and potential. WestCap’s decision to back Dragos highlights the confidence and belief in the company’s mission and its ability to make a significant impact in the cybersecurity industry. The funding secured will be instrumental in further solidifying Dragos’ position as a key player in ensuring the security and protection of critical control systems.
Conclusion
Dragos’ recent accomplishment of raising $74 million in its Series D round extension proves the company’s continued success and investor confidence. With a total of $440 million raised and a post-money valuation of $1.7 billion, Dragos is poised for further growth and innovation in the manufacturing and industrial control systems cybersecurity sector. This latest funding will allow Dragos to advance its mission of providing top-notch software solutions to secure critical control systems, ensuring a safer and more reliable future for industries worldwide.
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Source: TechCrunch
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