DRAGOS

Hanover, MD, United States Cybersecurity Acquired

Dragos is the global leader in OT cybersecurity, providing software, intelligence, and professional services to safeguard critical infrastructure. The company specializes in protecting industrial control systems and operational technology environments across sectors including power, utilities, oil & gas, manufacturing, mining, chemicals, and transportation.

Acquired

DRAGOS has been acquired

Acquired by Accenture Jun 18, 2026

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2016

Employees

501–1,000

Total Funding

$438.2M

8 rounds

Latest Valuation

$1.7B

Sep 18, 2023

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

3 signals
M&A Recent combined EV ~$4.175B; Dragos reported ~$3.25B valuation 2026-06-18

Accenture agreed to acquire a majority stake in Dragos (plus 100% of runZero and NetRise) at ~$4.175B combined enterprise value; close expected Aug-Sep 2026.

Change of control sets a hard exit mark; secondary liquidity likely resolves at deal close.

Secondary Pricing Recent Forge Price $20.00/share; implied $4.21B 2026-04-15

Forge Price $20.00/share as of 4/15/2026; implied valuation ~$4.21B (Forge).

Strong secondary markup vs 2023 $1.7B primary anchor.

Valuation Anchor Stale valuation $1.7B (Sep 2023) 2023-09-18

Series D at $1.7B (Sep 2023) is last priced primary anchor.

Older primary mark; secondaries now well above.

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Rounds in grey italics are unconfirmed.

Total raised $438.2M across 8 rounds

Last updated 10-12-2026

DateRoundAmount RaisedValuationLead Investors
Feb 6, 2026 Series E (rumored) Axios Not disclosed — Not named in rumor coverage
Sep 18, 2023 Series D Extension TechCrunch $74M $1.7B WestCap
Oct 28, 2021 Series D TechCrunch $200M $1.7B Koch Disruptive Technologies, BlackRock

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$2B 2022 2023 DRAGOS

Entry · Series D

$1.7B

Oct 2021

DRAGOS today

$1.7B

Sep 2023 · latest mark

DRAGOS multiple

1.0x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Robert M. Lee

    Co-Founder, CEO & Chairman

    LinkedIn
  • Jon Lavender

    Chief Technology Officer

  • Justin Cavinee

    Chief Data Scientist

  • Mark Matheos

    Chief Financial Officer

  • Eric Cross

    Chief Revenue Officer

  • Jodi Schatz

    Chief Product Officer

  • Dawn Mitchell

    Chief People Officer

  • Ben Miller

    Chief Information Security Officer

  • Christopher Winters

    General Counsel

  • Kurt Gaudette

    Senior Vice President of Intelligence and Services

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Fortive (Nozomi Networks)

    OT/ICS cybersecurity platform with network visibility and threat detection

  • Claroty

    Industrial cybersecurity platform focused on vulnerability and threat management for OT

  • Tenable (Nessus)

    Vulnerability management platform with OT/ICS capabilities

  • Fortinet

    Network security provider with OT protection solutions

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