Hanover-based Dragos, a cybersecurity firm that focuses on the systems that control key infrastructure and industrial functions, said Tuesday that it closed on $110 million in new investment.
The Series C funding round was co-led by the investment arms of energy company National Grid and Koch Industries. Also participating in the round were Saudi Aramco Energy Ventures, the venture arm of the Saudi Arabian oil company, and computing company Hewlett Packard Enterprise. Existing investors including Allegis Cyber, the cybersecurity venture firm that has an office in Maryland, and Fulton-based incubator DataTribe, also participated, as well as Canaan, Energy Impact Partners and Schweitzer Engineering Labs.
The funding round brings the company’s total raised to $158 million. It’s a standout dollar figure for a company headquartered in the region, bringing what’s known in VC circles as a “megadeal” of over $100 million to Maryland.
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