What is Drata?
Drata operates as a comprehensive security and compliance automation platform. Its core function is to continuously monitor and collect evidence of a company's security controls, thereby streamlining workflows and ensuring audit-readiness. By automating these critical processes, Drata empowers organizations to maintain compliance with various regulations and standards efficiently, reducing the manual burden and associated risks. The company's technology is designed to provide real-time visibility into an organization's security posture, making it an essential tool for businesses navigating complex compliance landscapes.
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 Leaders Fund, SV Angel, and Cowboy Ventures
Series A (2021): $25M led by Okta Ventures, Silicon Valley CISO Investors, Cowboy Ventures, GGV Capital, SV Angel, and Leaders Fund
Series B (2021): $100M supported by ICONIQ Growth, Salesforce Ventures, and Alkeon Capital Management
Series C (2022): $200M featuring GGV Capital and ICONIQ Growth
Key Investors in Drata
GGV Capital
GGV Capital is a global venture firm that invests in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors. They have a track record of backing numerous successful global companies.
ICONIQ Growth
ICONIQ Growth partners with exceptional entrepreneurs and leaders driving global impact, focusing on building enduring company cultures and amplifying portfolio companies' success from early growth to IPO.
Leaders Fund
Leaders Fund is a B2B software-focused venture capital firm that partners with entrepreneurs to help them achieve significant revenue milestones, leveraging operational expertise for strategic support.
What's next for Drata?
With the recent injection of $200M in a major strategic investment, Drata is poised for accelerated growth and market penetration. This significant capital backing, part of its overall $328.2M in funding, suggests a strong investor confidence in the company's trajectory and its ability to scale. The company is likely to leverage this investment to enhance its platform capabilities, expand its market reach, and potentially explore new compliance domains. The focus on strategic investment indicates a move towards solidifying its leadership position and potentially pursuing strategic partnerships or acquisitions to further its mission of simplifying security and compliance for businesses worldwide.
See full Drata company page
