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Dragos announces a $110 million Record-Setting Industrial Cybersecurity Investment with Series C Funding

businesswire | December 08, 2020

Keysight Technologies a main innovation organization that helps endeavors, specialist co-ops and governments quicken advancement to associate and make sure about the world, reported that Altiostar has chosen the organization's 5G test answers for quicken improvement and sending of an open virtualized radio access organization (open vRAN) foundation basic in the conveyance of a wide-scope of 5G use cases.

Altiostar chose Keysight's exhaustive set-up of 5G test arrangements, including 5G multi-band vector handsets, channel emulators, client gear (UE) emulators and O-RU (O-RAN radio unit) emulators to confirm interoperability between vRAN parts and conformance to details distributed by the O-RAN Alliance. A multi-merchant open RAN biological system, comprising of providers of radio and baseband equipment, just as disaggregated virtualized and cloud-local RAN and 5G center (5GC) programming parts, use Altiostar's open vRAN programming to convey creative arrangements that help robotized and savvy versatile organizations.

“This is a decisive moment in the ICS/OT cybersecurity market, with many powerful drivers coalescing to generate an unprecedented level of market interest and customer demand,” said Robert M. Lee, Chief Executive Officer and Co-Founder of Dragos, Inc. “Our Series C funding is an investment by industry, for industry, and will enable us to fully meet this moment for our customers by advancing the innovative technology at the center of our Dragos Platform, expanding our global footprint, and continuing to recruit the world’s most elite team of ICS/OT cybersecurity experts.”
“Koch Industries has more than 500 global manufacturing facilities, and the need for protection from cybersecurity threats grows each day,” said Byron Knight, Managing Director of Koch Disruptive Technologies. “As we continue to transform and modernize operations, Dragos will be a key partner in helping protect these assets to ensure we can continue providing products and services our customers prefer.”

"Combating cyber threats against critical assets that power our operations is at the center of our risk management approach across the entirety of Koch Industries," said Jarrod Benson, Chief Information Security Officer of Koch Industries. "Industrial cyberattacks can impact worker safety, plant productivity, and business continuity. Safeguarding our data is important and protecting our operations is essential."

“We understand the importance of technologies like the Dragos Platform that protect operational technologies and provide insights to help customers stay at the forefront of cyber innovation,” said Lisa Lambert, Chief Technology and Innovation Officer at National Grid and President of National Grid Partners. “We first invested in Dragos in 2018, and since then, their innovation in industrial cybersecurity has become even more important. We’re pleased to reinvest and to co-lead the round at this important stage of the company’s growth.”

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Today’s digitally transformed organizations handle vast volumes of data that is at perpetual risk for loss and leakage, either intentionally through data breaches or unintentionally through employee errors. With cybercrime damages expected to reach $10.5 trillion annually by 2025, 1 organizations must protect their threat surface holistically.

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Spotlight

Supercharge Your DLP Security Program

Today’s digitally transformed organizations handle vast volumes of data that is at perpetual risk for loss and leakage, either intentionally through data breaches or unintentionally through employee errors. With cybercrime damages expected to reach $10.5 trillion annually by 2025, 1 organizations must protect their threat surface holistically.

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