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

Go deeper

Situational awareness

Photo: Drew Angerer/Getty Images

Catch up on today's biggest news:

  1. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  2. Trump misrepresents 2020 Russia briefing as Democratic "misinformation"
  3. Bernie Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"
  4. Nearly half of Republicans support pardoning Roger Stone
  5. Scoop: Lyft acquires cartop advertising startup Halo Cars

Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"

Photo: Mario Tama/Getty Images

Bernie Sanders told CBS "60 Minutes" that he was surprised by Mike Bloomberg's lackluster performance at Wednesday's Democratic debate.

What he's saying: "If that's what happened in a Democratic debate, you know, I think it's quite likely that Trump will chew him up and spit him out."

Scoop: Lyft acquires cartop advertising startup Halo Cars

Photo: Drew Angerer/Getty Images

Lyft has acquired Halo Cars, a small startup that lets ride-hailing drivers earn money via ad displays mounted atop their cars. Lyft confirmed the deal but declined to share any details.

Why it matters: Ride-hailing companies are increasingly eyeing additional ways to generate revenue, and Lyft rival Uber has been quietly testing a partnership with New York-based Cargo that gives it a cut of the advertising revenue, as I previously reported.