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Dragos Raises $37M Series B

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Hanover-based Dragos Inc., developers of the Dragosthreat detection and response platform, has raised $37M in Series B funding. The new investment comes at a time of rapid growth in the Industrial Control System (or ICS) cybersecurity market, and specifically, demand for Dragos’ industry-leading asset identification and threat detection software.

“Industrial equipment is one of the last largely unprotected vectors for cyberattack, one with potential for massive damage to the global economy including loss of human life,” said Joydeep Bhattacharyya, partner at Canaan. “The Dragos threat detection and response platform delivers an unmatched solution to a fast-growing list of large industries and customers, and we are thrilled to partner with this team of leaders in the industry.”