What is Drata?
Drata operates as a sophisticated security and compliance automation platform designed to address the friction inherent in traditional audit processes. By continuously monitoring and collecting evidence of a company's security controls, the platform streamlines workflows and ensures constant audit-readiness. This approach allows organizations to maintain high security standards while reducing the administrative burden typically associated with compliance frameworks such as SOC 2, ISO 27001, and HIPAA. Positioned at the intersection of cybersecurity and enterprise SaaS, Drata provides a critical layer of infrastructure for modern businesses navigating an increasingly complex regulatory landscape.
How much funding has Drata raised?
Drata has raised a total of $328.2M across 4 funding rounds:
Multiple Rounds
$128.2M
Series C
$200M
Angel/Seed (2021): $3.2M with participation from SV Angel, Leaders Fund, and Cowboy Ventures
Series A (2021): $25M led by Okta Ventures, GGV Capital, Silicon Valley CISO Investors, SV Angel, Leaders Fund, and Cowboy Ventures
Series B (2021): $100M supported by Salesforce Ventures, ICONIQ Growth, and Alkeon Capital Management
Series C (2022): $200M featuring GGV Capital and ICONIQ Growth
Key Investors in Drata
ICONIQ Growth
ICONIQ Growth partners with exceptional entrepreneurs and leaders who drive global impact and change, leveraging a unique ecosystem of founders and business leaders to amplify portfolio success from early growth stage to IPO.
GGV Capital
A global venture firm co-founded in Silicon Valley and Singapore, GGV Capital specializes in multi-stage investments across enterprise tech, smart tech, and internet sectors, backing category-defining companies worldwide.
Leaders Fund
Leaders Fund is a B2B software-focused venture capital firm that provides operational expertise and strategic support to help entrepreneurs navigate critical growth stages toward achieving significant annual recurring revenue.
What's next for Drata?
Looking ahead, the recent capital injection is expected to accelerate Drata's product innovation and international expansion. As the company scales, the focus will likely shift toward deepening its integration ecosystem and enhancing its predictive risk management capabilities. By maintaining its commitment to automated compliance, Drata is well-positioned to capture further market share within the enterprise sector, potentially setting the stage for future liquidity events or continued private market growth as it matures into a foundational component of the modern security stack.
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