Dragos (Industrial Cybersecurity) Dossier

Established in 2016 and headquartered in Hanover, Maryland, Dragos (Industrial Cybersecurity) generated an annual recurring revenue of $154,400,000, driven primarily by recurring subscriptions to its core software platform alongside add-on managed services like Dragos OT Watch. Operating exclusively within the industrial cybersecurity sector, Dragos (Industrial Cybersecurity) reached a total valuation of $1,700,000,000 supported by $321,000,000 in total funding from major institutional stakeholders including BlackRock, Koch Disruptive Technologies, Hewlett Packard Enterprise, Energy Impact Partners, and National Grid Partners. Dragos (Industrial Cybersecurity) secures critical infrastructure globally by providing operational technology asset visibility, threat detection, and vulnerability management to asset-intensive industries including electric power, oil and gas, chemical, mining, food and beverage, and government sectors.

Financial Highlights

* Annual Recurring Revenue: $154,400,000

* Corporate Valuation: $1,700,000,000

* Total Capital Funding: $321,000,000

* Operational Employee Headcount: 566

* Social Framework Employee Headcount: 613

* Board of Directors Size: 9

* Founding Year: 2016

Dragos (Industrial Cybersecurity) maintains a... Sign in / Sign up to learn more about Dragos, Inc.

Continue your research by chatting with our AI financial analyst about Dragos, Inc.. Ask follow-up questions, request specific analysis, or explore investment scenarios. All insights are grounded in verified financial data and SEC filings.

Start your analysis with these investor-focused questions:

• Given Dragos's reported $154.4 million in Annual Recurring Revenue and a $1.7 billion valuation, how efficiently is Dragos converting its $321 million in total funding into sustainable ARR growth, and what are the primary margin drivers for its subscription-based and managed services models in FY2025?
• Considering the increasing convergence of IT and Operational Technology security, how does Dragos strategically utilize its purpose-built OT platform and Neighborhood Keeper network to defend its market share against well-funded enterprise IT giants like Microsoft entering the industrial space?
• Because Dragos relies heavily on the capital expenditures and cybersecurity budgets of asset-intensive sectors like manufacturing and energy, how might macroeconomic volatility in FY2025 impact Dragos's customer acquisition costs and the adoption rate of its value-based, tiered subscription pricing model?
• As a high-profile target for advanced threat actors, Dragos faces significant operational risks, highlighted by a 2023 extortion attempt. How do Dragos's ongoing internal security investments and layered mitigation strategies impact its operating leverage and overall investment risk profile?
• How do tightening global regulatory cybersecurity mandates, such as the EU NIS2 and NERC CIP, combined with Dragos's strategic community investments like the Community Defense Program, accelerate Dragos's enterprise pipeline generation and international market penetration in FY2025?