Dragony was founded in 2007 by guitarist Daniel Stockinger and lead vocalist Siegfried Samer. Originally conceived as a studio rock opera project and accordingly named "The Dragonslayer Project", the project quickly evolved into a full band when new members Andreas Poppernitsch, Georg Lorenz, Frederic Brünner and Herbert Glos joined the group. After playing several smaller shows on the Austrian circuit, the band soon played their first support shows for international acts such as Firewind and Paul Di'Anno. The band continued to play live throughout 2009 and 2010, sharing the stage with renowned Melodic Metal acts such as Serenity, Axxis, Edenbridge and Sonata Arctica.
In 2010, work on the debut album began, and production of the debut "Legends", featuring contributions from many stars from the Austrian and international scene such as Thomas Buchberger of Serenity and Ralf Scheepers of Primal Fear, was finally completed in late 2011. In order to better promote the album, the band dropped the long "The Dragonslayer Project" name, and switched to the shorter "Dragony". In early 2012, Dragony signed a record deal with the German label Limb Music GmbH, and "Legends" was finally released on June 22, 2012 in Europe; a Japan release would follow on August 8, and a release in the US on August 14, 2012. The debut album received mostly very favourable reviews, with the renowned German Metal Hammer magazine awarding 6 out of 7 points, and German Legacy magazine rating the album with 10 out of 15 points. In 2012, the band returned to performing live, promoting and appearing as a local support at Primal Fear's and Brainstorm's "Metal Nation 2012" tour, and playing their first festival gig at Metalfest Austria.
Founding members Daniel Stockinger and Georg Lorenz left the band in summer 2012. In fall 2012, Dragony celebrated its fifth anniversary with a show headlined by German power metallers Freedom Call in Vienna. In late 2012, Simon Saito and Manuel Hartleb were announced as new permanent members of the band. On July 3, 2015, Dragony published a first promotional video for the upcoming album, an 80s metal cover version of "" by David Hasselhoff from the "Kung Fury" movie soundtrack. In early August 2015, it was announced that Dragony will be supporting German metal band Gamma Ray and Serious Black as opening act on their "25 Years In Metal" tour on several dates in Europe in October and November 2015. On August 28, 2015, the band released a lyric video to the new, Game Of Thrones-themed song "" on YouTube. The second album "Shadowplay" was released on September 28, 2015 in Europe and November 20th2015 in the US, and was again met with mostly favorable reviews. In addition to the tour that saw the band open up for Gamma Ray and Serious Black at shows in Germany, the Czech Republic, Slovakia, Hungary and Austria, Dragony also appeared at several festivals in 2016 to promote the second album, notably Austria's largest festivals, the Nova Rock, opening for Twisted Sister, and the Donauinselfest, where they headlined the metal stage on 26 June 2016.
''Lords Of The Hunt'' and ''Masters Of The Multiverse''
In February 2017, the band announced the release of an EP to celebrate the band's 10th anniversary. The EP, titled "Lords Of The Hunt", was released on 7 April 2017. In October 2017, the band launched a for the production of their third studio album, set for a release in 2018. After summer shows in 2018 together with Battle Beast and at Masters of Rock festival in Czechia, the third album Masters of the Multiverse was officially announced on 31 August 2018, with a release scheduled for 12 October 2018. On 12 September 2018 the band published a video to "If It Bleeds We Can Kill It" as the first single of the album. A lyrics video was released for the second single "Flame of Tar Valon" on 21 September 2018, and "Defenders" was released as the third single on 4 October 2018. To promote the new album, Dragony joined Austrian Symphonic Metal acts Serenity and Visions of Atlantis on the Symphonic Metal Nights IV tour in the fall of 2018, which featured shows in Austria, Germany, the Netherlands, Switzerland, Italy, France and Hungary. On 29 January 2019, it was announced that Dragony would be part of the 70.000 Tons of Metal cruise in 2019, and the band also appeared at the Wacken Open Air that year.
After another crowdfunding campaign in support of their fourth album, it was announced on 29 June 2020 that Dragony have signed a new worldwide record deal with Austrian label Napalm Records.