Strong revenue growth driven by adoption of Dragos’s market-leading technology platform during a time of increased global awareness of the need for OT cybersecurity
Hanover, Md., November 17, 2022 — Dragos, Inc., the global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, today announced it was named to the Deloitte Technology Fast 500™ for the second year in a row, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Dragos’s revenue grew more than 500 percent between 2018 and 2021.
Dragos’s strong revenue growth comes at a time when organizations increasingly recognize the need for OT cybersecurity and OT-specific solutions to effectively combat attacks on the industrial infrastructure we rely on every day. Built by practitioners for practitioners, the Dragos Platform is codified with OT-specific threat intelligence by the industry’s largest, most experienced team of OT cybersecurity experts.
“It’s an honor to be recognized by Deloitte for being one of the fastest-growing companies in North America,” said Robert M. Lee, Chief Executive Officer and Co-Founder of Dragos, Inc. “As industrial organizations around the globe pursue digital transformation initiatives, threat groups increasingly target industrial environments. Asset owners and operators need visibility into their OT assets, vulnerabilities, threats, and response actions. Our 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.”
“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements.”
The Deloitte Technology Fast 500 recognition caps a year of strong momentum for Dragos that includes the launch of the industry’s first OT Cyber Emergency Readiness Team (OT-CERT) to address the OT resource gap that exists in industrial infrastructure, the expansion of Dragos’s presence in the Kingdom of Saudi Arabia and the United Arab Emirates with a new office in Dubai, and the hiring of the company’s first Chief Revenue Officer, Christophe Culine. Lee was recognized with the 2022 SC Awards in Excellence for Security Executive of the Year by SC Media and presented at the annual World Economic Forum meeting in Davos, Switzerland on the criticality of industrial cybersecurity. In late 2021, Dragos raised $200 million in Series D funding bringing the company’s valuation to $1.7 billion.
About the 2022 Deloitte Technology Fast 500™
Now in its 28th 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 2018 to 2021.
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 refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Dragos has a global mission: to safeguard civilization from those trying to disrupt the industrial infrastructure we depend on every day. The practitioners who founded Dragos were drawn to this mission through decades of government and private sector experience.
Dragos codifies the knowledge of our cybersecurity experts into an integrated software platform that provides customers critical visibility into ICS and OT networks so that threats are identified and can be addressed before they become significant events. Our solutions protect organizations across a range of industries, including power and water utilities, energy, and manufacturing, and are optimized for emerging applications like the Industrial Internet of Things (IIOT).
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.
Kesselring Communications for Dragos
Leslie Kesselring, 503-358-1012
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