Drata

San Diego, California, United States

Valuation $4B

About Drata

Drata is a compliance and security SaaS platform that automates the compliance workflows on a company’s security controls.

Headquarters San Diego, California, United States
Founded 2020-07-08
Industry Compliance, SaaS, Security
Last Funding Type Series C
Valuation 4
Total Funding $328.24 million dollars
IPO Status Private

Key People at Drata

Lukas Biewald CEO & Co-Founder

Financial

Drata achieved strong growth, defying technology market challenges while solidifying its leadership in compliance automation. Additionally, Drata acquired Harmonize.io.
Drata is focused on enhancing its compliance and security platform through the development of an automated trust center. This system is designed for real-time monitoring, maintaining a collection of control statuses for reporting purposes. It retrieves control status responses from various service providers, ensuring that an organization’s trust center report is up-to-date and accurate. This innovation underscores Drata’s commitment to automating compliance workflows and bolstering security controls.
Drata, a compliance automation platform, has acquired oak9, a cloud-native security platform, and introduced new compliance-as-code capabilities. Additionally, Drata has unveiled an AI questionnaire automation feature and announced the winners of its Customer Excellence Awards at Drataverse 2024. Coverdash, a small business insurance startup, will integrate with Drata to offer cyber insurance.

Funding Rounds 4
Number of Lead Investors 3
Total Funding Amount  $328.24 million dollars
Number of Investors 24

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