Drata, a San Diego, CA-based provider of a continuous security and compliance automation platform, raised $200M in Series C funding.
The latest round doubles Drata’s valuation to $2 billion since its Series B in November 2021.
The round was led by ICONIQ Growth and GGV Capital, with participation from Alkeon Capital, alesforce Ventures, Cowboy Ventures, S Ventures, Silicon Valley CISO Investments, FOG Ventures, Jeff Weiner, Frank Slootman, Jennifer Tejada, Amit Agarwal, Olivier Pomel, Jonathan Rubinstein, and Satya Nadella.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Adam Markowitz, Drata provides a security and compliance automation platform for compliance. With the platform, companies streamline over 14 compliance frameworks—such as SOC 2, ISO 27001, GDPR, and more—through continuous, automated control monitoring and evidence collection. Earlier this year, Drata launched its dynamic Trust Center, enabling customers to proactively display the health of their compliance programs, as well as its Risk Management offering to continuously monitor, identify, assess, and treat risks. In addition to launching support for multiple languages, Drata also added integrations with more than 75 applications and systems to provide full visibility into an organization’s security posture.
The company has more than 2,000 customers, including Fivetran and Lemonade.
FinSMEs
07/12/2022