All analysis was generated autonomously, without human review. Scores are analytical opinions drawn from the cited public sources, without hands-on testing. They are not audits, certifications, investment reports, purchasing advice, or evaluations of quality.
Dragos sells an operational technology (OT) security platform, threat intelligence, and response services to industrial operators such as electric utilities and oil and gas companies. A joint advisory from the DOE, CISA, NSA, and FBI on APT tools built to attack industrial control systems thanks Dragos by name among several contributing organizations. In October 2024 Dragos acquired Network Perception, whose NP-View product Dragos's announcement says NERC auditors use in compliance audits. The company has raised roughly 440 million dollars, most recently a 74 million dollar extension in September 2023. In June 2026 Accenture agreed to acquire a majority stake in Dragos, at a valuation press reports as 3.25 billion dollars, with closing expected by September 2026.
| Description | Operational technology cybersecurity company whose platform gives industrial and critical infrastructure operators asset visibility, threat detection, vulnerability management, and guided response, informed by the company's OT threat intelligence and services teams. | [f1] |
|---|---|---|
| Founded | 2016 | [f2] |
| HQ | Hanover, Maryland, United States | [f3] |
| Funding | $440M total | [f4] |
| Latest funding | Series D extension, $74M (September 2023) | [f4] |
| Product | What it does |
|---|---|
| Dragos Platform | OT security platform that inventories industrial assets, detects threats using OT protocol knowledge, prioritizes vulnerabilities, and guides response with expert playbooks and an AI assistant. |
| Dragos WorldView | OT-focused threat intelligence subscription delivering adversary research, ICS malware analysis, vulnerability insights, and reports on operational impact. |
| NP-View | Network visualization product from the Network Perception acquisition that maps OT network topology and firewall rules for segmentation analysis and NERC CIP compliance audits. |
Cyber Defense Matrix
| Identify | Protect | Detect | Respond | Recover | |
|---|---|---|---|---|---|
| Devices Workstations, servers, phones, tablets, storage, network devices, IoT infrastructure, and similar hardware. | |||||
| Applications Software, interactions, and application flows on the devices. | |||||
| Networks Connections and traffic flowing among devices and apps, plus communication paths. | |||||
| Data Content at rest, in transit, or in use across devices, apps, and networks. | |||||
| Users The people using the devices, apps, networks, and data. |
The Dragos Platform inventories OT and industrial control system assets, monitors industrial networks for adversary activity, and drives response with expert-authored playbooks, and NP-View maps network topology and firewall rules. These products are mapped to the Cyber Defense Matrix. [f5]
How well the company can compete in its security market, scored across eight dimensions against public evidence.
| Dimension | Score |
|---|---|
| Problem Clarity How precisely the company defines its problem, with evidence the problem exists at the scale claimed. | 3/5 |
| Capability Depth How specific the technical capabilities are, with evidence beyond marketing claims such as docs, demos, and third-party validation. | 3/5 |
| Market Timing Whether the market is ready for this product, with evidence that buyers are actively seeking solutions. | 3/5 |
| Team Credibility Demonstrated domain expertise with public signals such as prior exits, publications, and industry recognition. | 4/5 |
| GTM Proof Evidence of actual traction (customers, revenue signals, partnerships) beyond stated intentions. | 4/5 |
| Funding Efficiency Whether funding matches go-to-market ambition, with signs of capital-efficient growth. | 3/5 |
| Category Clarity Whether the company creates or fits a recognizable category that buyers can quickly place in their stack. | 4/5 |
| Incumbent Defensibility How vulnerable the core value proposition is to absorption as a feature by a platform vendor. | 3/5 |
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A closer look at the company's product strategy, measuring how defensible it is against market forces and examining the eight areas behind it.
press the advantage
| Dimension | Score |
|---|---|
| Value Delivery Does the product sell software as the product, or judgment, trust, or accountability with software as the delivery mechanism. | 2/3 |
| Switching Cost How expensive leaving is for a customer: data portability, integrations, learned workflows, network effects, regulatory data residency. | 3/3 |
| Compliance Moat Whether certifications, liability acceptance, or audit trails block an easy replacement. | 2/3 |
| Problem Complexity Whether the product requires ML, optimization, real-time systems, or years of specialized expertise. | 3/3 |
| Buyer Profile Whether buyers are SMB operators, mid-market IT teams, or regulated enterprises and governments with procurement gates. | 3/3 |
| Layer Whether the product is an end-user application, a platform with application features, or infrastructure other applications depend on. | 1/3 |
| Proprietary Data, Content, or IP Whether the product accumulates datasets, content licenses, or IP that a rival cannot recreate from scratch. | 2/3 |
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The reasoning for the scores, the strategy deep dive, the business risks, and more. AI access comes with the purchase, so your AI tools can read the full profile too. You keep 12 months of access.
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| Id | Source | Tier | Accessed |
|---|---|---|---|
| f1 | About Dragos | official | 2026-07-22 |
| f2 | TechCrunch: Industrial cybersecurity startup Dragos raises $200M, valuation soars to $1.7B | press | 2026-07-22 |
| f3 | Dragos press release, June 18, 2026: Accenture to Strengthen Critical Infrastructure Defense with End-to-End Cybersecurity Platform | official | 2026-07-22 |
| f4 | SecurityWeek: ICS Security Firm Dragos Raises $74 Million in Series D Extension | press | 2026-07-22 |
| f5 | The Cybersecurity Platform Built for OT Environments | official | 2026-07-22 |
| Id | Source | Tier | Accessed |
|---|---|---|---|
| s1 | The Cybersecurity Platform Built for OT Environments “Detect threats with multi-detection capabilities enriched by the world's largest civilian threat intelligence team focused on threats to physical operations. Research on 26+ OT adversary groups powers continuous threat detection updates” | official | 2026-07-22 |
| s2 | About Dragos “Robert M. Lee testifies before Congress to heighten awareness of cyber threats to water and wastewater facilities” | official | 2026-07-22 |
| s3 | Cyber Services for Industrial Operations “Dragos provides a full range of cybersecurity assessment, incident response, and OT monitoring services. Our expert consultants and operators can assess your defenses, proactively plan and test incident response plans, respond to critical incidents, or monitor your OT environment.” | official | 2026-07-22 |
| s4 | Dragos EmberAI: AI for OT Security “AI trained on the Dragos Intelligence Fabric: a decade of OT expertise and frontline intelligence.” | official | 2026-07-22 |
| s5 | Dragos Leadership “Robert M. Lee CEO & Co-Founder” | official | 2026-07-22 |
| s6 | TechCrunch: Industrial cybersecurity startup Dragos raises $200M, valuation soars to $1.7B “Dragos was founded in 2016 to detect and respond to threats facing industrial control systems (ICS), the devices key to the continued operations of power plants, water systems and other critical infrastructure.” | press | 2026-07-22 |
| s7 | SecurityWeek: ICS Security Firm Dragos Raises $74 Million in Series D Extension “This latest funding, led by WestCap, brings the Series D round to $274 million, and the total raised by Dragos to roughly $440 million.” | press | 2026-07-22 |
| s8 | SecurityWeek: Dragos Acquires Network Perception to Boost Visibility “Network Perception's NP-View product analyzes configuration files for switches, routers and firewalls, and provides a network topology map, access paths, and firewall rule evaluations in order to help security teams identify and address risks.” | press | 2026-07-22 |
| s9 | Dragos press release, October 1, 2024: Dragos Acquires Network Perception “NP-View is trusted by NERC auditors themselves to conduct compliance audits, reflecting a high standard in network visibility and compliance management.” | official | 2026-07-22 |
| s10 | CISA joint advisory AA22-103A: APT Cyber Tools Targeting ICS/SCADA Devices “The DOE, CISA, NSA, and the FBI would like to thank Dragos, Mandiant, Microsoft, Palo Alto Networks, and Schneider Electric for their contributions to this joint CSA.” | regulatory | 2026-07-22 |
| s11 | Dark Reading: Dragos Raises $74M in Latest Funding Round, September 18, 2023 “The funds will be used to expand its global presence beyond Europe and the US.” | press | 2026-07-22 |
| s12 | Dragos press release, October 28, 2021: Dragos Raises $200 Million in Series D Funding as Valuation Soars to $1.7B “Dragos becomes highest valued industrial cybersecurity company” | official | 2026-07-22 |
| s13 | Neighborhood Keeper “Neighborhood Keeper enables collective defense for industrial cybersecurity, sharing free anonymized threat intelligence to strengthen all participants' cyber defense.” | official | 2026-07-22 |
| s14 | CISA ICS Advisory ICSA-22-321-01: Red Lion Crimson “Dragos reported this vulnerability to Red Lion Controls, who reported this vulnerability to CISA.” | research | 2026-07-22 |
| s15 | Trust collateral probe of dragos.com surfaces (trust and security subdomains, /trust, /security, homepage footer), 2026-07-22 “Your Partner in OT Cybersecurity” | official | 2026-07-22 |
| s16 | Cybersecurity Threat Intelligence, WorldView and OT Watch “WorldView delivers critical intelligence for industrial environments through adversary research, ICS malware analysis, vulnerability insights & timely reports explaining operational impact.” | official | 2026-07-22 |
| s17 | Dragos press release, June 18, 2026: Accenture to Strengthen Critical Infrastructure Defense with End-to-End Cybersecurity Platform “Accenture has entered into agreements to acquire a majority stake in Dragos and 100% of runZero and NetRise at a combined enterprise value of approximately $4.175 billion, subject to customary purchase price adjustments.” | official | 2026-07-22 |
| s18 | SecurityWeek: Accenture to Acquire Majority Stake in Dragos, All of runZero, NetRise in $4.1 Billion OT Cybersecurity Push “The deal values industrial cybersecurity giant Dragos at $3.25 billion, and runZero and NetRise will operate under Dragos.” | press | 2026-07-22 |
| s19 | Dragos case study: Boston Beer Company Transforms OT Cybersecurity and Reduces Costs “The Boston Beer Company has successfully modernized its infrastructure focusing on reducing risks and enhancing control with the help of the Dragos Platform and OT Watch” | official | 2026-07-22 |
| s20 | Cyber Services for Industrial Operations, Koch Industries testimonial by Gabe Green, CISO “Koch can now identify ICS/OT threats, rapidly pinpoint malicious behavior on their ICS/OT networks, provide an in-depth context of alerts, and reduce false positive alerts for complete threat detection.” | official | 2026-07-22 |
| Id | Source | Tier | Accessed |
|---|---|---|---|
| s1 | The Cybersecurity Platform Built for OT Environments “Detect threats with multi-detection capabilities enriched by the world's largest civilian threat intelligence team focused on threats to physical operations. Research on 26+ OT adversary groups powers continuous threat detection updates” | official | 2026-07-22 |
| s2 | About Dragos “Robert M. Lee testifies before Congress to heighten awareness of cyber threats to water and wastewater facilities” | official | 2026-07-22 |
| s3 | Cyber Services for Industrial Operations “Dragos provides a full range of cybersecurity assessment, incident response, and OT monitoring services. Our expert consultants and operators can assess your defenses, proactively plan and test incident response plans, respond to critical incidents, or monitor your OT environment.” | official | 2026-07-22 |
| s4 | Dragos EmberAI: AI for OT Security “AI trained on the Dragos Intelligence Fabric: a decade of OT expertise and frontline intelligence.” | official | 2026-07-22 |
| s5 | Dragos Leadership “Robert M. Lee CEO & Co-Founder” | official | 2026-07-22 |
| s6 | TechCrunch: Industrial cybersecurity startup Dragos raises $200M, valuation soars to $1.7B “Dragos was founded in 2016 to detect and respond to threats facing industrial control systems (ICS), the devices key to the continued operations of power plants, water systems and other critical infrastructure.” | press | 2026-07-22 |
| s7 | SecurityWeek: ICS Security Firm Dragos Raises $74 Million in Series D Extension “This latest funding, led by WestCap, brings the Series D round to $274 million, and the total raised by Dragos to roughly $440 million.” | press | 2026-07-22 |
| s8 | SecurityWeek: Dragos Acquires Network Perception to Boost Visibility “Network Perception's NP-View product analyzes configuration files for switches, routers and firewalls, and provides a network topology map, access paths, and firewall rule evaluations in order to help security teams identify and address risks.” | press | 2026-07-22 |
| s9 | Dragos press release, October 1, 2024: Dragos Acquires Network Perception “NP-View is trusted by NERC auditors themselves to conduct compliance audits, reflecting a high standard in network visibility and compliance management.” | official | 2026-07-22 |
| s10 | CISA joint advisory AA22-103A: APT Cyber Tools Targeting ICS/SCADA Devices “The DOE, CISA, NSA, and the FBI would like to thank Dragos, Mandiant, Microsoft, Palo Alto Networks, and Schneider Electric for their contributions to this joint CSA.” | regulatory | 2026-07-22 |
| s11 | Dark Reading: Dragos Raises $74M in Latest Funding Round, September 18, 2023 “The funds will be used to expand its global presence beyond Europe and the US.” | press | 2026-07-22 |
| s12 | Dragos press release, October 28, 2021: Dragos Raises $200 Million in Series D Funding as Valuation Soars to $1.7B “Dragos becomes highest valued industrial cybersecurity company” | official | 2026-07-22 |
| s13 | Neighborhood Keeper “Neighborhood Keeper enables collective defense for industrial cybersecurity, sharing free anonymized threat intelligence to strengthen all participants' cyber defense.” | official | 2026-07-22 |
| s14 | CISA ICS Advisory ICSA-22-321-01: Red Lion Crimson “Dragos reported this vulnerability to Red Lion Controls, who reported this vulnerability to CISA.” | research | 2026-07-22 |
| s15 | Trust collateral probe of dragos.com surfaces (trust and security subdomains, /trust, /security, homepage footer), 2026-07-22 “Your Partner in OT Cybersecurity” | official | 2026-07-22 |
| s16 | Cybersecurity Threat Intelligence, WorldView and OT Watch “WorldView delivers critical intelligence for industrial environments through adversary research, ICS malware analysis, vulnerability insights & timely reports explaining operational impact.” | official | 2026-07-22 |
| s17 | Dragos press release, June 18, 2026: Accenture to Strengthen Critical Infrastructure Defense with End-to-End Cybersecurity Platform “Accenture has entered into agreements to acquire a majority stake in Dragos and 100% of runZero and NetRise at a combined enterprise value of approximately $4.175 billion, subject to customary purchase price adjustments.” | official | 2026-07-22 |
| s18 | SecurityWeek: Accenture to Acquire Majority Stake in Dragos, All of runZero, NetRise in $4.1 Billion OT Cybersecurity Push “The deal values industrial cybersecurity giant Dragos at $3.25 billion, and runZero and NetRise will operate under Dragos.” | press | 2026-07-22 |
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