HANOVER, Md.–(BUSINESS WIRE)–Dragos Inc., the global leader in cybersecurity for operational technology (OT) environments, today announced it was named to the Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America for the third consecutive year. Dragos grew more than 535% between 2019 and 2022.
Dragos’s strong revenue growth underscores the increasing necessity for OT cybersecurity as governments and infrastructure providers recognize the importance of protecting industrial infrastructure from cyber threats. The market-leading Dragos Platform is codified with OT-specific threat intelligence and insights from the industry’s largest team of ICS/OT practitioners. The Dragos Platform provides visibility into assets and vulnerabilities, detects cyber threats to industrial systems, and enables efficient response through forensic investigation and OT-specific playbooks.
“It’s an honor to be recognized by Deloitte for being one of the fastest-growing companies in North America for three years in a row,” said Darren Sankbeil, Chief Financial Officer, Dragos. “The number and sophistication of cyberattacks that specifically target critical infrastructure is at an all-time high and asset owners and operators need visibility into their OT assets more than ever. Our growth is aimed at meeting the needs of the industrial infrastructure community at a global scale.”
As industrial organizations around the globe pursue digital transformation initiatives, threat groups increasingly target OT environments. Dragos’s community-focused approach provides access to the largest array of industrial organizations participating in collective defense, with the broadest visibility available to protect industrial assets.
The Deloitte Technology Fast 500 recognition caps a number of other key milestones for the company this year. In September, Dragos announced $74 million in a Series D extension bringing the Series D round to $274 million, with funds raised to date totaling approximately $440 million. In July, Dragos entered into a partnership with Macnica to deliver OT cybersecurity to critical infrastructure and manufacturing control systems in Japan and in August signed a Memorandum of Understanding (MOU) with Singapore to strengthen Singapore’s OT cybersecurity capabilities. Additionally, the SC Awards program named Dragos as Most Promising Unicorn, and the Dragos Platform was awarded Best Industrial Security Solution. In the SC Awards Europe, Dragos was named Best Incident Response Solution.
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
About Dragos, Inc.
Dragos has a global mission to safeguard civilization from those trying to disrupt the industrial infrastructure we depend on every day. The Dragos Platform offers the most effective industrial cybersecurity technology, giving customers visibility into their ICS/OT assets, vulnerabilities, threats, and response actions. The strength behind the Dragos Platform comes from our ability to codify Dragos’s industry-leading OT threat intelligence, and insights from the Dragos services team, into the software. Our community-focused approach gives you access to the largest array of industrial organizations participating in collective defense, with the broadest visibility available.
Our solutions protect organizations across a range of industries, including electric, oil & gas, manufacturing, building automation systems, chemical, government, water, food & beverage, mining, transportation, and pharmaceutical. Dragos is privately held and headquartered in the Washington, DC area with regional presence around the world, including Canada, Australia, New Zealand, Europe, and the Middle East. For more information, visit dragos.com.