Dragos announced a reduction of approximately 9% of its workforce, or about 50 employees, after missing first-quarter sales targets amid longer sales cycles and smaller initial deployments. The company also reduced discretionary spending.
SourcePublic company, workplace, funding, and market signals
Updated Aug 16, 2026
Dragos is a privately held industrial cybersecurity company focused on protecting operational technology (OT), industrial control systems (ICS), and critical infrastructure. Its platform combines OT asset visibility, vulnerability management, threat detection, threat intelligence, and response capabilities for industrial environments.
Primary product
Dragos Platform, supported by OT threat intelligence, professional services, incident response, vulnerability management, and network/device visibility capabilities.
Founded
2016
Headquarters
Hanover, Maryland, United States
Team size
400-500
Work style
Remote
Industry
Computer and Network Security
Sub-industry
Industrial and operational-technology cybersecurity
Offices
Business model
Stage
Late-stage private company; Series D / Series D extension
Total raised
$438.2M
Latest round
Series D extension · Sep 2023
Latest amount
$74M
Sep 2023 · WestCap
Oct 2021 · Koch Disruptive Technologies
Oct 2019
Nov 2018 · Canaan Partners
Aug 2017 · AllegisCyber and Energy Impact Partners
Sep 2016
Leadership
Chief Executive Officer and Co-Founder
Chief Technology Officer and Founder
Chief Revenue Officer and President, GTM
Chief Financial Officer
Darren Sankbeil
Chief Strategy Officer
Mark Packham
Chief Marketing Officer
Senior Vice President, Customer Experience
Vice President of Services
Vice President, Global Alliances
Chief of Staff to the CEO
Vice President, User Research and Design
Founders
Justin Cavinee
Co-Founder
Public signals emphasize a mission-driven, security-focused culture centered on safeguarding civilization, protecting critical infrastructure, and employing experienced OT practitioners. Dragos describes itself as remote-first while holding periodic in-person events such as engineering onsite meetings and hackathons. Public employer-rating signals show approximately 4.0/5 overall, with culture around 4.1/5.
Work style
Remote
Compensation
Public job-market data provides indicative salary signals rather than an official compensation framework. Examples include approximately $144,000 annualized for a senior agilist, $179,000 for a director, and $179,000 for a senior product manager. Actual compensation varies by role, geography, and experience.
Pricing
Custom enterprise pricing; no public standard price list was found. Pricing appears to vary by deployment scope, assets/sites, platform modules, intelligence, and professional services.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$100M-$150M annually
Estimated monthly visits
78.8K
Traffic estimate as of Jun 2026
Dragos announced a reduction of approximately 9% of its workforce, or about 50 employees, after missing first-quarter sales targets amid longer sales cycles and smaller initial deployments. The company also reduced discretionary spending.
SourceDragos acquired NexDefense, an industrial-control-system visibility technology provider. The transaction was described by industry coverage as Dragos's first acquisition.
SourceDragos acquired Network Perception, adding OT network visualization, compliance, segmentation analysis, and configuration visibility. Financial terms were not disclosed.
SourceDragos announced the acquisition of Phosphorus to extend its platform into connected-device and xOT security, including device visibility and automated remediation.
SourceAccenture announced an agreement to acquire a majority stake in Dragos, with the transaction expected to close in August or September 2026 subject to customary conditions and regulatory approvals. Dragos is expected to continue operating as an independent business under Robert M. Lee.
SourceDragos · Jun 2026
Accenture announced an agreement to acquire a majority stake in Dragos at a combined transaction value involving Dragos, runZero, and NetRise of approximately $4.175 billion. The transaction is subject to regulatory and customary closing conditions.
Dragos · Jun 2026
The acquisition expands Dragos from core OT security into connected devices across the extended operational-technology environment, adding device visibility, remediation, and continuous risk reduction.
Business Wire · Nov 2024
Dragos appointed Mark Matheos as CFO, Mark Packham as CMO, and Darren Sankbeil as CSO, following major financing, international expansion, and the Network Perception acquisition.
Dragos · Oct 2024
The acquisition adds NP-View network visualization, compliance, segmentation, and network-configuration analysis to the Dragos Platform.
Cybersecurity Dive · Jun 2023
Dragos eliminated approximately 50 positions after longer sales cycles and smaller initial deployments caused the company to miss its first-quarter sales target.
58 jobs at Dragos