Dragos was founded in 2016 by Jon Lavender, Justin Cavinee, and Robert M. Lee. Following a $200 million funding round in 2021, Lee told reporters that "this is the last round we need to be able to go public."

Dragos is a Maryland-based cybersecurity firm. The company specializes in defending the control systems of industrial companies that produce gas, oil, and chemicals, as well as some involved in mining operations and production line management. Lee reports that, as of 2021, Dragos protects 70% of the U.S. electric grid. In 2019, the company acquired NexDefense, another industrial cybersecurity firm. Dragos has raised more than $300 million in venture capital funding from investors including BlackRock, Koch Industries, and Hewlett Packard. The 2021 funding increased the company's valuation to $2 billion.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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What is Dragos's IPO price?

The IPO price for Dragos will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Dragos?

Dragos is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Is Dragos a publicly traded company?

Dragos is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Dragos's funding to date?

Dragos has raised $382.2MM to date.
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When was Dragos founded?

Dragos was founded in 2016.

Who are Dragos's major investors?

WestCap
Koch Disruptive Technologies
BlackRock
Founders Equity Partners
Canaan Partners
Hewlett Packard Enterprise
Global Reserve Group
Investbridge Capital
Empede Capital Partners
Aramco Ventures
Mark VC

Dragos Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
10/28/2021 Series D $210MM raised $XXX.XX $XXX.XX
12/8/2020 Series C $122.8MM raised $XXX.XX $XXX.XX
11/15/2018 Series B $37.5MM raised $XXX.XX $XXX.XX
8/14/2017 Series A $10.69MM raised $XXX.XX $XXX.XX
8/24/2016 Series Seed $1.2MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 26, 2024

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