![]() For our team, there’s no greater responsibility and no greater privilege to be where we are, and with the opportunity right ahead. On behalf of everyone at Drata, thank you for your support, your encouragement, and most of all your trust. It’s the rocket fuel that will enable us to move even quicker, launch more frameworks, ship new features, and continue to deliver award-winning customer support to help thousands of companies put security and compliance on autopilot. Our team’s relentless focus on execution and customer obsessive approach to development has allowed us to reach this milestone quickly, and now this new funding and expertise enables us to go even faster. ![]() ![]() It’s fair to say that after only 10 months we’re still very much just getting started. To fuel this next chapter, we’re excited to announce today our $100 million Series B funding, led by ICONIQ Growth, with participation from Alkeon Capital and Salesforce Ventures, making Drata one of the fastest SaaS companies ever to reach a $1B valuation. It’s been an honor to show the world that continuous, automated security and compliance is achievable and maintainable, whether you’re a 2 person startup or a 8,000-person publicly-traded company. We’ll have launched 4 compliance frameworks in the product before the end of the year ( SOC 2, ISO 27001, HIPAA, and PCI DSS), we’ve grown to more than 70 employees, have been named the #1 highest Rated Cloud Compliance Software on G2 for customer satisfaction, and we couldn’t be more excited for our next phase of hypergrowth and to realize our vision for the future of security and compliance automation. We launched Drata out of stealth in January this year to do just that, and since then we’ve been growing at a rate we always knew was possible but really only dreamt we’d have the opportunity to prove achievable.Īfter only 10 months, we’re honored to have earned the trust of hundreds of amazing customers like Abnormal Security, Fullstory, Amplitude, Netlify and so many more. We knew if we could leverage automation, we could empower companies with insights and intelligence on their security posture in real time and save them hundreds of hours a year in proving that security posture before, during, and in between compliance audits-essentially putting security and compliance on autopilot. In fact, we don’t think you can truly build a great product without security and compliance baked in. Years ago, my co-founders Daniel and Troy, and I felt the pain of trying to prioritize security and compliance while growing a software company, and knew deep down we shouldn’t have to decide between building great product or being secure and compliant. It lies at the heart of our company’s culture – trust dictates how we build product, how we build teams, how we support our customers, and really all things in how we operate as a business. Naturally we live and breathe trust here every single day. At Drata, we develop products that allow our customers to earn and maintain trust in their security programs.
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