Fenwick represented Dragos, a global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, in its $110 million Series C funding from investors representing some of the world’s largest corporations. The round was co-led by National Grid Partners and Koch Disruptive Technologies. Other Series C investors include Saudi Aramco Energy Ventures (SAEV), a fund of Aramco Ventures, Hewlett Packard Enterprise, and existing investors including Allegis Cyber, Canaan, DataTribe, Energy Impact Partners and Schweitzer Engineering Labs.
The new funding will be used to support an expanding set of global customers across a diversity of industries—including electric, oil and gas, manufacturing, mining, chemicals and transportation—and to accelerate the next stage of the company’s worldwide operations to address the burgeoning market for ICS/OT cybersecurity solutions. More information can be obtained from Dragos’ announcement.
The Fenwick transaction team included corporate partner Michael Brown, partner-elect Allison Cooper, and associates Kristin Esannason and Sullivan Berthier.