Drata's Valuation Rises To $2 Billion With $200 Million Series C Funding

Dec 07, 2022•about 3 years ago

Amount Raised

$200 Million

Round Type

series c

San Diego

Investors

Fog VenturesSilicon Valley Ciso InvestmentsS VenturesCowboy VenturesSalesforce VenturesAlkeon CapitalGgv CapitalIconiq Growth

Description

Drata, a continuous security and compliance automation platform, today announced $200 million in Series C funding co-led by ICONIQ Growth and GGV Capital. The latest round of funding doubles Drata's valuation to $2 billion since its Series B in November 2021, as the company progresses toward its mission of making compliance effortless and accessible for companies of all sizes.

Company Information

Company

Drata

Location

San Diego, California, United States

About

Replace manual GRC efforts, reduce costs, and save time preparing for audits and maintaining compliance. Drata is the world’s most advanced security and compliance automation platform with the mission to help companies earn and keep the trust of their users, customers, partners, and prospects. We help thousands of companies streamline compliance for SOC 2, ISO 27001, HIPAA, GDPR, your own custom frameworks, and many more through continuous, automated control monitoring and evidence collection. Drata is backed by ICONIQ Growth, Alkeon, Salesforce Ventures, GGV Capital, Okta Ventures, SVCI (Silicon Valley CISO Investments), Cowboy Ventures, Leaders Fund, Basis Set Ventures, SV Angel, and many key industry leaders. Drata is based in San Diego, CA with team members across the globe.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends