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Announced

Completed

National Grid and Koch Industries led a $110m Series C round in Dragos.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Completed

Friendly

Minority

Single Bidder

Venture Capital

Software

Private Equity

United States

cybersecurity software

Acquisition

Private

Synopsis

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National Grid and Koch Industries led a $110m Series C round in Dragos, a provider of cybersecurity for industrial controls systems, with participation from Saudi Aramco Energy Ventures, Hewlett Packard Enterprise, Allegis Cyber, Canaan, DataTribe, Energy Impact Partners, and Schweitzer Engineering Labs. "This is a decisive moment in the ICS/OT cybersecurity market, with many powerful drivers coalescing to generate an unprecedented level of market interest and customer demand. Our Series C funding is an investment by industry, for industry, and will enable us to fully meet this moment for our customers by advancing the innovative technology at the center of our Dragos Platform, expanding our global footprint, and continuing to recruit the world’s most elite team of ICS/OT cybersecurity experts," Robert M. Lee, Dragos CEO and Co-Founder.

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