Nov 14, 2018

Industrial cybersecurity firm Dragos raises $37 million

Deionized water storage units at a French nuclear plant. Guillaume Souvant/AFP via Getty Images

The industrial cybersecurity firm Dragos completed its Series B funding with a $37 million investment from several different sources, Fortune's Robert Hackett reported.

Why it matters: Dragos specializes in securing the hardware that runs power plants, factories and dams. The company provided foundational research on the malware known as Crash Override or Industroyer that was used to briefly black out Kiev in 2016.

Details: The investment includes:

  • $21 million from Canaan Partners
  • $15 million from previous investors AllegisCyber, DataTribe and Energy Impact Partners
  • $1 million from industrial sector companies Emerson, Schweitzer Engineering Labs and National Grid's venture capital arm

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Humility for forecasters: Jobs shocker is record miss

President Trump speaking in the Rose Garden following the release of the jobs report on May 5, 2020. Photo: Jonathan Newton/The Washington Post via Getty Images

Economists were projecting that May's jobs figures would show a loss of 8 million jobs and an unemployment rate approaching 20% — Great Depression territory.

The state of play: Instead, a record 2.5 million workers were added, and unemployment fell to 13.3% from April's post-World War II high of 14.7%.

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Trump's week of viral quicksand

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Stories about President Trump's photo op at St. John's church after peaceful protesters were forcefully cleared from the area averaged the most online attention of any issue about the president this week.

Why it matters: Trump's force-over-compassion approach to the demonstrators protesting the murder of George Floyd had Republican allies backpedaling to keep a distance — and led to a wave of condemnations that got plenty of online traction on their own.