Dragos, a Global Industrial Control System Cybersecurity Startup, Raises $10 Million in Series A Venture Capital
Funding Provided by Energy Impact Partners, Allegis Capital and DataTribe
Dragos Is Building the First Industrial Cybersecurity Ecosystem
HANOVER, Md., Aug. 14, 2017 (GLOBE NEWSWIRE) -- Dragos Inc., (pronounced Dray-gohs), an industrial control system (ICS) cybersecurity company made up of industry experts with the vision of securing global industrial infrastructure, announced today that it has received a $10 million Series A round of venture capital from co-lead investors Energy Impact Partners (EIP) and Allegis Capital, with additional support from DataTribe, a cybersecurity startup studio that initially funded Dragos.
The Series A round will be used to increase the company's workforce to meet rising customer demand, generated in part through key partnerships with Deloitte, the global audit and financial advisory services firm, and CrowdStrike Inc., a leader in cloud-delivered endpoint protection.
Dragos is the first ICS cybersecurity investment by EIP, which focuses on investments that seek to optimize energy consumption and improve sustainable energy generation.
CRASHOVERRIDE AND DRAGOS REPORT
Dragos has attracted attention for recently producing a report on CRASHOVERRIDE, the malware used to temporarily interrupt power in the Ukraine in a widely publicized cyber-attack last December. CRASHOVERRIDE is the only known malware that disrupts the electrical grid and only the fourth known type of malware to be specifically tailored toward ICS overall.
Founded May 2016 and funded until this point with a seed round of $1.2 million from DataTribe, Dragos has built the first industrial cybersecurity ecosystem. This consists of three core offerings and an assessment tool - the Dragos Platform, the Dragos Threat Operations Center, Global ICS Intelligence, and CyberLens network assessment software. This combination gives customers access to technology to monitor and respond to threats in the ICS, along with intelligence to make informed decisions about threats. Services range from threat hunting to incident response, as well as lightweight software for routine assessments.
The company's biggest technological differentiator is its behavioral analytics. Instead of "anomaly detection" and other types of machine learning-driven technologies that are hitting the market, the approach of Dragos is to codify human experience facing human adversaries. It identifies adversary tradecraft and turns it into behavioral analytics. As a result, defenders get context of what is going on and recommendations on what to do next, not merely a series of alerts.
"Dragos exists to safeguard civilization," said Robert M. Lee, the CEO of Dragos. "Critical infrastructure powers the global economy and the fabric of modern society. We all strongly believe that civilian infrastructure should be off limits to any adversaries, no matter where the infrastructure is located in the world."
Dragos was founded by ICS cybersecurity experts Lee, Jon Lavender and Justin Cavinee, all veterans of the U.S. intelligence community. There they established a first-of-its-kind mission for the U.S. government to identify, analyze and respond to nation-states launching ICS-focused cyberattacks.
"Industrial control systems are unique unto themselves - hybrid digital and analog environments with very different operational temperaments," said Bob Ackerman, the founder and a Managing Director of cybersecurity investment specialist Allegis Capital. "Unless you have lived your life in this environment, you can't truly appreciate how different or complex ICS systems are. With Dragos, we invested in the "A" team."
"Protecting the integrity of the grid has always been a top priority for utility operators," said Sameer Reddy, a Vice President at EIP and co-leader of the Series A financing. "One of the critical challenges is access to sufficient human capital. The Dragos platform, which is built and managed by true ICS cybersecurity experts, provides significant force multiplication to ICS operators around the world."
"Energy is essential to our economy and way of life. As a result, energy infrastructure is increasingly a target," said Thomas A. Fanning, Chairman, President and CEO of Southern Company. "As a founding investor in Energy Impact Partners, Southern Company is proud to support enhancing the resiliency of critical infrastructure, in order to better protect the communities where we live and serve."
About Dragos Inc.
Dragos Inc., based in Hanover, Md., is the trusted authority on threats to industrial networks (ICS/IoT). The Dragos Platform is an on-premise or cloud-based security technology that continually and passively collects data to perform asset identification, detects cyber threats through industrial specific behavioral analytics, and enables better efficiency and effectiveness of security personnel through the codification of automated workflows, best practices and incident response procedures. The Dragos Platform is continually enhanced through the Dragos Threat Operations Center, a team of experts providing services that include incident response, threat hunting, and compromise assessments. Both are backed by Dragos Intelligence, which allows for the analysis of adversary intrusions and provides the industry with weekly threat intelligence reports and adds new behavioral analytics to the Dragos Platform. For more information, visit https://dragos.com.
About Energy Impact Partners
Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP's utility partners include Southern Company, National Grid, Xcel Energy, Ameren, Great Plains Energy, Fortis Inc., AGL, Avista, MGE Energy Inc., TEPCO, PTT Public Company Limited, OGE Energy Corp., TransCanada, and Alliant Energy. For more information, visit www.energyimpactpartners.com.
About Allegis Capital
Allegis Capital is a premier, early-stage venture firm that invests solely in cybersecurity and was the first venture fund to focus strictly on cyber. In addition to Dragos, current investments include Area 1, Bracket Computing, Callsign, Cyber GRX, E8 Security, RedOwl, Shape Security, Signifyd, Synack, tCell.io and vArmour. Allegis is also a founding partner in DataTribe, a cybersecurity startup studio based in Fulton, Maryland. Allegis Capital is based in San Francisco. For more information, visit www.allegiscap.com or Twitter at @AllegisCapital.
DataTribe, based in Fulton, Maryland, and Silicon Valley, is a cybersecurity startup studio formed with the mission of combining breakthrough innovation in cybersecurity, Big Data and analytics. The technological base of its startups emerge from federal agencies, such as the National Security Agency, or from government research labs. DataTribe draws upon Silicon Valley start-up expertise to help create, define and lead new market segments. As an operating company, it directly takes on the task of building startups from concept to initial customer deployments while significantly lowering risk and preserving returns. For more information, visit www.datatribe.com.
For media inquiries, contact Jennifer Jones at firstname.lastname@example.org.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Dragos via Globenewswire
Följ NASDAQ OMX
Abonnera på våra pressmeddelanden.
Senaste pressmeddelandena från NASDAQ OMX
Mitratech Acquires ThinkSmart LLC to Create Industry-First, End-to-End Legal Operations Platform23.4.2018 17:00 | Pressmeddelande
Integration of ThinkSmart's agile workflow software into Mitratech's TeamConnect platform sets a new global standard for legal and compliance innovation and excellence LAS VEGAS, April 23, 2018 (GLOBE NEWSWIRE) -- Today, Mitratech a leading provider of legal and compliance software, announced the acquisition of ThinkSmart LLC, creating an end-to-end platform designed to transform legal operations into a center of innovation and excellence. With the addition of ThinkSmart and the ThinkSmart Automation Platform (TAP), Mitratech's TeamConnect platform can now bring people, processes and information together like never before, by leveraging TAP's easy-to-use workflow automation engine to extend TeamConnect's reach across the entire enterprise. In today's rapidly evolving legal landscape, there is a need for a truly evolutionary Enterprise Legal Management (ELM) platform. ELM systems have delivered on the operational efficiencies, centralized view of information, security and data integrity
Vricon unveils new solution at GEOINT 2018: Vricon Precision 3D Registration (P3DR)23.4.2018 16:20 | Pressmeddelande
Precise, accurate, georegistered GEOINT data for analytics and visualization-at a global scale McLean, Virginia, April 23, 2018 (GLOBE NEWSWIRE) -- Vricon is pleased to announce that it is unveiling the next in a series of GEOINT solutions - Vricon Precision 3D Registration (P3DR) - at this year's GEOINT 2018 Symposiumin Tampa, Fla. Vricon P3DR is a software suite designed to automatically georegister imagery, regardless of collection platform, against the most accurate 3D geospatial foundation available, The Globe in 3D. P3DR can be implemented as a real-time processing workflow for imagery feeds without the need for GPS location, heading information, or ground control points. "While we've always been able to perform georegistration of individual data sets using our 3D models as an accurate foundation, Vricon P3DR takes this capability to a whole new level," said Magnus Brege, Vricon CEO. "Our users now have multiple options for where and when they can automatically georegister their
Abeona Announces FDA Grants RMAT Designation to ABO-102 Gene Therapy in MPS IIIA23.4.2018 14:15 | Pressmeddelande
First Gene Therapy Using AAV Approach Granted Regenerative Medicine Advanced Therapy Designation NEW YORK and CLEVELAND, April 23, 2018 (GLOBE NEWSWIRE) -- Abeona Therapeutics Inc. (NASDAQ:ABEO), a leading clinical-stage biopharmaceutical company focused on developing novel cell and gene therapies for life-threatening rare genetic diseases, announced today that the US Food and Drug Administration (FDA) has granted Regenerative Medicine Advanced Therapy (RMAT) designation to ABO-102, the Company's AAV-mediated gene therapy for the treatment of Sanfilippo syndrome Type A (MPS IIIA), a rare autosomal-recessive lysosomal storage disease. "We are encouraged to have received the first gene therapy RMAT designation in MPS IIIA and look forward to further collaborating with the FDA to determine next steps in the development pathway for ABO-102," said Carsten Thiel, Ph.D., CEO of Abeona Therapeutics. "This action further reinforces the clinical significance in the data observed in the ongoing P
Gratomic and Perpetuus Carbon Technologies Limited Enter Into an Agreement for the Exclusive Development and Marketing of Material Enhancing Graphenes Derived From Gratomic Aukam Graphite23.4.2018 14:00 | Pressmeddelande
TORONTO, April 23, 2018 (GLOBE NEWSWIRE) -- Gratomic Inc. ("GRAT" or the "Company") (TSX-V:GRAT) (FRANKFURT:CB81) (WKN:A2JAP3). Gratomic Inc., is pleased to announce that the Company has signed a letter of collaboration ("Agreement") with Perpetuus Carbon Technologies Limited ("Perpetuus") pursuant to which GRAT and Perpetuus will develop and market material enhancing graphite derived graphenes and graphene hybrids for tire elastomers, whilst also exploring options to exploit polymer composites, energy capture and storage applications markets ("Project"). The Agreement contemplates the first Phase of the Project ("Phase 1"), with the other phases to be described in a joint venture agreement to be entered into between GRAT and Perpetuus. Pursuant to the Agreement, and as part of Phase 1, GRAT will purchase, and retain ownership, of three specialised process tooling chambers at an aggregate cost of 300,000 British Pounds. These specialized tooling chambers will be housed in Perpetuus' ex
BIMobject AB: BIMobject signs Letter of Intent with leading US 3D media company Matterport23.4.2018 08:30 | Pressmeddelande
PRESS RELEASE Malmö, Sweden 2018-04-23 BIMobject signs Letter of Intent with leading US 3D media company Matterport BIMobject, who digitalizes the construction industry through cloud-based platforms and other solutions, has signed a Letter of Intent with Matterport, a leading 3D immersive media technology company. The purpose is to integrate the companies' platforms and create user-friendly solutions. This will allow for the easy use of digital building and interior products from BIMobject Cloud, such as sofas and windows, in Matterport's 3D spaces. The integrations will enable detailed visualization in Virtual Reality and other technologies. California-based Matterport offers a leading 3D reality capture system and platform that can be used to map out surroundings, such as entire homes or buildings. The system produces multiple outputs including immersive 3D environments that can be experienced on desktop computers, mobile devices, and Virtual Reality headsets as well as high-resoluti
BIMobject AB: BIMobject tecknar avsiktsförklaring med det ledande amerikanska 3D-mediebolaget Matterport23.4.2018 08:30 | Pressmeddelande
PRESSMEDDELANDE Malmö, Sverige 2018-04-23 BIMobject tecknar avsiktsförklaring med det ledande amerikanska 3D-mediebolaget Matterport BIMobject, som digitaliserar byggbranschen bland annat via molnbaserade plattformar, och Matterport, ett ledande 3D-medieteknikbolag, har tecknat en avsiktsförklaring. Syftet är att integrera bolagens plattformar och skapa användarvänligare lösningar. Virtuella bygg- och inredningsprodukter som nedladdas från BIMobject, exempelvis soffor eller fönster, ska enkelt kunna användas i Matterports 3D-skannade miljöer, vilket möjliggör för en detaljrik visualisering via exempelvis Virtual Reality. Kalifornien-baserade Matterport erbjuder system och plattformar för 3D-skanning som kan användas för att kartlägga omgivningar såsom hela rum eller byggnader. Systemet möjliggör att de inskannade omgivningarna kan användas som högupplösta fotografier, 3D-modeller, planlösningar eller användas som 3D-miljöer tillsammans med Virtual Reality-glasögon (VR), en vanlig dator
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum