United States · Series D startup

Who invested in Dragos

3 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity

Valuation: $1.7B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$112Mraised across 3 rounds since 2016, from 3 sources

$1.2MSeed$37MSeries B$74MSeries D
Latest round
Series D, $74MSept 2023
Step-upi
2×
Investors
6
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2017201820192020202120222023
$1.2MSeed$37MSeries B$74MSeries D
First round
Seed, $1.2M
Aug 2016
Biggest round
$74M
Series D · Sept 2023
Usual gap between rounds
4.8 years
the median of 2

The rounds

  1. Sept 2023
    Series D$74M2 new

    Source recorded

  2. Nov 2018
    Series B$37M3 new

    Reported by FinSMEsSEC filing: $30M sold, first sale Oct 2018

  3. Aug 2016
    Seed$1.2M1 new

    Reported by FinSMEsSEC filing: $1.2M sold, first sale Sept 2016

Founders and team

From Dragos's own website: 11 on the team.

  • Kurt GaudetteSenior Vice President of Intelligence and Services
  • Robert M. LeeChairman & CEO
  • Ben MillerChief Information Security Officer (CISO)
  • Dawn MitchellChief People Officer
  • Eric CrossChief Revenue Officer
  • Jodi SchatzChief Product Officer
  • Jon LavenderChief Technology Officer
  • Justin CavineeChief Data Scientist
  • Mark MatheosChief Financial Officer
  • Christopher WintersGeneral Counsel
  • Julie AlbrightGeneral Manager of runZero

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Seed2016Series B2018Series D2023CanaanBlackRockNational GridDataTribeSchweitzer Engineering LaboratoriesCanaan/ Emerson

Everyone who backed them

CanaanVC firm1round
BlackRockAsset manager1round
National GridVC firm1round
DataTribeVC firm1round
Schweitzer Engineering LaboratoriesCorporate VC1round
Canaan/ Emersonno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 6 firms list Dragos as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Energy Impact PartnersVC firmPer its own site
BYU Cougar CapitalVC firmPer its own site
Energy FoundryVC firmPer its own site
GRA Venture Fund, LLCVC firmPer its own site
Cyber Mentor FundVC firmPer its own site
Earth FoundryVC firmPer its own site

Quick answers about Dragos

Who invested in Dragos?

Dragos's investors include Canaan, BlackRock, National Grid, DataTribe and Schweitzer Engineering Laboratories, and 1 more on record.

How much has Dragos raised?

Dragos has raised $112M across 3 rounds since 2016.

When did Dragos last raise?

Dragos's most recent round was a Series D of $74M in Sept 2023.

What was Dragos's biggest round?

Its most recent round, $74M in Sept 2023, is also its largest on record.

Who backed Dragos first?

Dragos's first round on record, in Aug 2016, was backed by DataTribe.

What stage is Dragos at?

Dragos's latest named round is a Series D, in Sept 2023.

Where is Dragos based?

Dragos is based in the United States.

Companies like Dragos

In the same sector, and raised in the last eighteen months.

FORT Robotics$39M · Oct 2026Opsin$21M · Oct 2026Harmonic Security$68M · Oct 2026Reach Security$60M · Oct 2026Persona$210M · Oct 2026Hilt$4.7M · Oct 2026

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