Drata Raises $200 Million at a $2 Billion Valuation

Drata is a security and compliance SaaS platform that automates workflows of compliance on a company’s security platform. The company aims at making compliance effortless and accessible. With Drata’s help, companies can streamline over 14 compliance frameworks – GDPR, SOC 2, ISO 27001, etc. Automated control monitoring and evidence collection make security posture strong, lower costs, and decrease the time for annual audits.

The funding round Series C was led by ICONIQ Growth and GGV Capital. Among other investors were Alkeon Capital, Salesforce Ventures, Cowboy Ventures, S Ventures (SentinelOne), Silicon Valley CISO Investments (SVCI), and FOG Ventures. Jeff Weiner (LinkedIn), Frank Slootman (Snowflake), Jennifer Tejada (PagerDuty), Amit Agarwal (Datadog), Olivier Pomel (Datadog), and Jonathan Rubinstein (Amazon), joining Satya Nadella (Microsoft) participated as strategic investors.

Drata, California, USA, was founded by Adam Markowitz, Daniel Marashlian, and Troy Markowitz in 2020. “This next phase of growth will only further accelerate those efforts, introduce a new wave of open compliance, and help us realize our vision of being the trust layer between our incredible customers and those they do business with,” Adam Markowitz, CEO of Drata. As of now, the company has more than 2 000 clients. This year, Drata launched a dynamic Trust Center that enables allows customers proactively display the status of their compliance programs and risk management.

Previous Post

Fanatics Raised $700 Million at a $31 Billion Valuation

Next Post

Getir Acquires Gorillas in a $1.2 Billion Deal

Related Posts