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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Is Dragos a publicly traded company?

Dragos is a private company and not publicly traded.

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Will Dragos go IPO?

Dragos has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

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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 pre-IPO?

Dragos is privately held company and is not publicly traded, therefor investing in Dragos pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

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Can you sell Dragos before it goes public?

Yes, you can seek to sell shares in Dragos while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market 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: Jul 26, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.