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.

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