Nasdaq GlobeNewswire

Dragos, a Global Industrial Control System Cybersecurity Startup, Raises $10 Million in Series A Venture Capital

Del

Funding Provided by Energy Impact Partners, Allegis Capital and DataTribe

Dragos Is Building the First Industrial Cybersecurity Ecosystem

HANOVER, Md., Aug. 14, 2017 (GLOBE NEWSWIRE) -- Dragos Inc., (pronounced Dray-gohs), an industrial control system (ICS) cybersecurity company made up of industry experts with the vision of securing global industrial infrastructure, announced today that it has received a $10 million Series A round of venture capital from co-lead investors Energy Impact Partners (EIP) and Allegis Capital, with additional support from DataTribe, a cybersecurity startup studio that initially funded Dragos.

The Series A round will be used to increase the company's workforce to meet rising customer demand, generated in part through key partnerships with Deloitte, the global audit and financial advisory services firm, and CrowdStrike Inc., a leader in cloud-delivered endpoint protection.

Dragos is the first ICS cybersecurity investment by EIP, which focuses on investments that seek to optimize energy consumption and improve sustainable energy generation.

CRASHOVERRIDE AND DRAGOS REPORT

Dragos has attracted attention for recently producing a report on CRASHOVERRIDE, the malware used to temporarily interrupt power in the Ukraine in a widely publicized cyber-attack last December. CRASHOVERRIDE is the only known malware that disrupts the electrical grid and only the fourth known type of malware to be specifically tailored toward ICS overall.

Founded May 2016 and funded until this point with a seed round of $1.2 million from DataTribe, Dragos has built the first industrial cybersecurity ecosystem. This consists of three core offerings and an assessment tool - the Dragos Platform, the Dragos Threat Operations Center, Global ICS Intelligence, and CyberLens network assessment software. This combination gives customers access to technology to monitor and respond to threats in the ICS, along with intelligence to make informed decisions about threats. Services range from threat hunting to incident response, as well as lightweight software for routine assessments.

The company's biggest technological differentiator is its behavioral analytics. Instead of "anomaly detection" and other types of machine learning-driven technologies that are hitting the market, the approach of Dragos is to codify human experience facing human adversaries. It identifies adversary tradecraft and turns it into behavioral analytics. As a result, defenders get context of what is going on and recommendations on what to do next, not merely a series of alerts.

"Dragos exists to safeguard civilization," said Robert M. Lee, the CEO of Dragos.  "Critical infrastructure powers the global economy and the fabric of modern society. We all strongly believe that civilian infrastructure should be off limits to any adversaries, no matter where the infrastructure is located in the world."

Dragos was founded by ICS cybersecurity experts Lee, Jon Lavender and Justin Cavinee, all veterans of the U.S. intelligence community. There they established a first-of-its-kind mission for the U.S. government to identify, analyze and respond to nation-states launching ICS-focused cyberattacks.

"Industrial control systems are unique unto themselves - hybrid digital and analog environments with very different operational temperaments," said Bob Ackerman, the founder and a Managing Director of cybersecurity investment specialist Allegis Capital. "Unless you have lived your life in this environment, you can't truly appreciate how different or complex ICS systems are.  With Dragos, we invested in the "A" team."

"Protecting the integrity of the grid has always been a top priority for utility operators," said Sameer Reddy, a Vice President at EIP and co-leader of the Series A financing. "One of the critical challenges is access to sufficient human capital. The Dragos platform, which is built and managed by true ICS cybersecurity experts, provides significant force multiplication to ICS operators around the world."

"Energy is essential to our economy and way of life. As a result, energy infrastructure is increasingly a target," said Thomas A. Fanning, Chairman, President and CEO of Southern Company. "As a founding investor in Energy Impact Partners, Southern Company is proud to support enhancing the resiliency of critical infrastructure, in order to better protect the communities where we live and serve."

About Dragos Inc.

Dragos Inc., based in Hanover, Md., is the trusted authority on threats to industrial networks (ICS/IoT). The Dragos Platform is an on-premise or cloud-based security technology that continually and passively collects data to perform asset identification, detects cyber threats through industrial specific behavioral analytics, and enables better efficiency and effectiveness of security personnel through the codification of automated workflows, best practices and incident response procedures. The Dragos Platform is continually enhanced through the Dragos Threat Operations Center, a team of experts providing services that include incident response, threat hunting, and compromise assessments. Both are backed by Dragos Intelligence, which allows for the analysis of adversary intrusions and provides the industry with weekly threat intelligence reports and adds new behavioral analytics to the Dragos Platform. For more information, visit https://dragos.com.

About Energy Impact Partners

Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP's utility partners include Southern Company, National Grid, Xcel Energy, Ameren, Great Plains Energy, Fortis Inc., AGL, Avista, MGE Energy Inc., TEPCO, PTT Public Company Limited, OGE Energy Corp., TransCanada, and Alliant Energy. For more information, visit www.energyimpactpartners.com.

About Allegis Capital 

Allegis Capital is a premier, early-stage venture firm that invests solely in cybersecurity and was the first venture fund to focus strictly on cyber. In addition to Dragos, current investments include Area 1, Bracket Computing, Callsign, Cyber GRX, E8 Security, RedOwl, Shape Security, Signifyd, Synack, tCell.io and vArmour. Allegis is also a founding partner in DataTribe, a cybersecurity startup studio based in Fulton, Maryland. Allegis Capital is based in San Francisco. For more information, visit www.allegiscap.com or Twitter at @AllegisCapital.

About DataTribe

DataTribe, based in Fulton, Maryland, and Silicon Valley, is a cybersecurity startup studio formed with the mission of combining breakthrough innovation in cybersecurity, Big Data and analytics. The technological base of its startups emerge from federal agencies, such as the National Security Agency, or from government research labs.  DataTribe draws upon Silicon Valley start-up expertise to help create, define and lead new market segments. As an operating company, it directly takes on the task of building startups from concept to initial customer deployments while significantly lowering risk and preserving returns. For more information, visit www.datatribe.com.

For media inquiries, contact Jennifer Jones at jennifer@jenniferjones.com.

Cell: 650-465-5831




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Dragos via Globenewswire

Om Nasdaq GlobeNewswire

Nasdaq GlobeNewswire
Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

+1 212 401 8700http://www.nasdaqomx.com

NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.

Følg saker fra Nasdaq GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Nasdaq GlobeNewswire

Cisco 2018 Annual Cybersecurity Report Reveals Security Leaders Rely on and Invest in Automation, Machine Learning and Artificial Intelligence to Defend Against Threats21.2.2018 14:00Pressemelding

Findings show 39 percent of organizations are reliant on automation, 34 percent are reliant on machine learning, 32 percent are highly reliant on AI SAN JOSE, Calif., Feb. 21, 2018 (GLOBE NEWSWIRE) -- Malware sophistication is increasing as adversaries begin to weaponize cloud services and evade detection through encryption, used as a tool to conceal command-and-control activity. To reduce adversaries' time to operate, security professionals said they will increasingly leverage and spend more on tools that use AI and machine learning, reported in the 11th Cisco® 2018 Annual Cybersecurity Report (ACR). While encryption is meant to enhance security, the expanded volume of encrypted web traffic (50 percent as of October 2017) - both legitimate and malicious - has created more challenges for defenders trying to identify and monitor potential threats. Cisco threat researchers observed more than a threefold increase in encrypted network communication used by inspected malware samples over a

Appian Corporation : Banco Santander Selects Appian21.2.2018 13:30Pressemelding

RESTON, Va., Feb. 21, 2018 (GLOBE NEWSWIRE) -- Appian (NASDAQ:APPN), a leading low-code and business process management platform provider, today announced that it has signed a global agreement with Banco Santander (SAN SM, STD US, BNC LN). Banco Santander, the largest bank in the Eurozone by market capitalization, will leverage Appian's platform in the cloud for enterprise process improvement. Banco Santander is a leader in retail and commercial banking, and has a meaningful market share in 10 core countries in Europe and the Americas. Appian has been chosen because it provides a comprehensive platform for Business Process Management (BPM) and Case Management in a digital environment, and the ability to deploy applications through fast and simple low-code development. Appian Cloud has an extensive collection of security accreditations, making it a highly trusted platform for rapid application development. Appian is accredited for HIPAA, SOC 2 and SOC 3, The PCI Data Security Standard,

Apricus Biosciences Announces Corporate Update, Fourth Quarter and Full Year 2017 Financial Results Conference Call21.2.2018 13:00Pressemelding

SAN DIEGO, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Apricus Biosciences, Inc. (Nasdaq:APRI), a biopharmaceutical company advancing innovative medicines in urology and rheumatology, today announced that the Company's fourth quarter and full year 2017 financial results will be released on Thursday, March 1, 2018 at 4:01 p.m. Eastern Time. Company management will host a conference call on Thursday, March 1, 2018, at 4:30 p.m. Eastern Time to discuss the financial results and its plans for addressing the Vitaros Complete Response with the FDA. To participate by telephone, please dial (855) 780-7196 (Domestic) or (631) 485-4867 (International). The conference ID number is 3687726. The live audio webcast can be accessed via the Investor Relations' section of the Company's website at www.apricusbio.com. Please log in approximately 5-10 minutes before the event to ensure a timely connection. The archived webcast will remain available for 30 days following the live call. About Apricus Biosciences, Inc

Purepoint Uranium Acquires Strategic Land Positions in the Athabasca Basin, Saskatchewan21.2.2018 12:45Pressemelding

TORONTO, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Purepoint Uranium Group Inc. (the "Company" or "Purepoint") (TSX.V:PTU) today reported that since October, 2017 it has acquired through staking an additional 52,479 hectares of mineral claims in the Athabasca Basin, Saskatchewan Canada representing a substantial increase in the Company's 100% owned projects. "We have taken a very precise and strategic approach to our staking - focusing on the enlargement of our existing projects or securing highly prospective areas of defined potential," said Chris Frostad, President & CEO at Purepoint. "Over the past four months we have successfully added three new projects, enlarged two existing projects and nearly doubled our 100% owned land position". "Much of our new ground lies on the SW edge of the Athabasca Basin, proximal to our Smart Lake Project. Our initial drilling at Smart Lake identified a radioactive shear that was associated with intense alteration," said Scott Frostad, Vice President Explorat

Aurora Releases Third Quarter Results20.2.2018 21:08Pressemelding

Aurora Solar Technologies Inc. / Aurora Releases Third Quarter Results . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement. NORTH VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Aurora Solar Technologies Inc. ("Aurora")("Company") (TSX.V:ACU) (OTCBB:AACTF) (FSE:A82), a leader in inline measurement and control technology for the photovoltaic manufacturing industry, released today its third quarter results. Revenue for the quarter was $337,325, gross margin was 62.9%, resulting in an operating income loss of ($398,959). Year-to-date for nine months, the Company has recognized $1,903,020 in revenue, an increase of 238% over the same period last year. The operating income (loss) year to date was ($674,983), a reduction of 67.7% from the same period last fiscal year. The Company also confirms, excluding new potential orders, that it has unrecognized revenue from shipments and order backlog of approxi

Bermuda Principles event merges science and business20.2.2018 16:36Pressemelding

HAMILTON, Bermuda, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Scientists and researchers from around the world are gathering in Bermuda this week for the second edition of a conference exploring the field of genetic research. Premier the Hon David Burt will officially open "Bermuda Principles: Impact on Splicing" Wednesday evening at the Fairmont Southampton. The conference, which runs through Saturday, has registered 50 delegates, along with an impressive roster of 36 speakers and panellists from 11 countries, including Australia, Denmark, Switzerland and South Africa. Among the attendees are prominent geneticists, scientists, professors, researchers, PhD students working in international labs, biotech representatives and investors. "I am elated to see the growth of the conference since last year's event," said Bermudian Dr. Carika Weldon, a biomedical researcher with her own lab at De Montfort University, UK, who conceived of the event and launched it last February. "My main aim has been to p

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom