Drata Raises $100M in Series B Funding


Drata, a San Diego CA-based security and compliance automation company, raised $100M in Series B funding.

The round was led by ICONIQ Growth, with participation from Alkeon Capital, Salesforce Ventures, GGV Capital, Cowboy Ventures and Leaders Fund.

The company intends to use the funds to accelerate growth and leadership position in the market.

Led by CEO Adam Markowitz, Drata provides a security and compliance automation platform for businesses to earn and keep the trust of their users, customers, partners, and prospects. With Drata, companies streamline SOC 2, ISO 27001, and HIPAA compliance through continuous, automated control monitoring and evidence collection, resulting in an enhanced security posture, lower costs, and less time spent preparing for annual audits.

Now, in conjunction with the new funding, the company prepares to launch two additional frameworks, HIPAA and PCI DSS, expanding on its current offering of ISO 27001 and SOC 2.

It is used by hundreds of companies, including Notion, FullStory, Amplitude, and Abnormal Security.