What is Drata?
Drata operates as a sophisticated security and compliance automation platform designed to alleviate the operational burden of maintaining regulatory standards. By continuously monitoring a company's security controls and automating the collection of audit evidence, the platform streamlines workflows and ensures organizations remain audit-ready at all times. This proactive approach to risk management allows businesses to focus on core growth objectives while maintaining a robust security posture, effectively bridging the gap between technical compliance and business agility in an increasingly regulated global market.
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 Cowboy Ventures, Leaders Fund, and SV Angel
Series A (2021): $25M led by Cowboy Ventures, GGV Capital, Silicon Valley CISO Investors, SV Angel, Leaders Fund, and Okta Ventures
Series B (2021): $100M supported by Salesforce Ventures, Alkeon Capital Management, and ICONIQ Growth
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 vibrant ecosystem to amplify portfolio success from early growth stage to IPO.
GGV Capital
GGV Capital is a global, multi-stage venture firm that invests in local founders across the Social/Internet, Enterprise Tech, and Smart Tech sectors.
Leaders Fund
Leaders Fund is a B2B software-focused venture capital firm that provides operational expertise and strategic support to help startups navigate critical growth stages.
What's next for Drata?
With the support of its latest capital injection, Drata is well-positioned to accelerate its product roadmap and expand its market footprint. The company is expected to leverage these resources to deepen its integration capabilities and enhance its automated compliance engine, catering to the evolving needs of enterprise clients. As the demand for automated security solutions continues to rise, Drata's strategic focus will likely remain on scaling its operations and solidifying its status as the industry standard for compliance automation, ensuring that its partners can navigate the complexities of global security standards with unprecedented efficiency.
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