Drata: Raises $100M in Series B Funding

Drata Raises $100M in Series B Funding

  • Drata, a San Diego CA-based security and compliance automation company, raised $100M in Series B funding
  • The round was led by ICONIQ Growth, with participation from Alkeon Capital, Salesforce Ventures, GGV Capital, Cowboy Ventures and Leaders Fund
  • The company intends to use the funds to accelerate growth and leadership position in the market
  • The company provides a security and compliance automation platform for businesses to earn and keep the trust of their users, customers, partners, and prospects
  • Now, in conjunction with the new funding, the company prepares to launch two additional frameworks, HIPAA and PCI DSS, expanding on its current offering of ISO 27001 and SOC 2
  • It is used by hundreds of companies, including Notion, FullStory, Amplitude, and Abnormal Security
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked.Highlights: JPMorgan tests software to monitor working hours...

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape.Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading.Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...

Aveni Launches Agentic AI Council to Enhance AI Ethics

New council aims to guide ethical AI development and deployment strategies.Highlights: Aveni establishes the Agentic AI Council for...