Drata
Financials
Estimates*
USD | 2021 |
---|---|
Revenues | 27.0m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$3.2m | Seed | ||
$25.0m | Series A | ||
* | $100m Valuation: $1.0b | Series B | |
N/A | Late VC | ||
* | $200m Valuation: $2.0b | Series C | |
Total Funding | CAD448m |
Recent News about Drata
EditDrata is a security and compliance automation platform designed to help companies achieve and maintain continuous compliance with industry standards such as SOC 2, ISO 27001, and HIPAA. The company operates in the cybersecurity and regulatory compliance market, which is crucial for businesses that handle sensitive data and need to meet stringent security requirements.
Drata primarily serves fast-growing companies, particularly those in the technology and SaaS (Software as a Service) sectors. These businesses often face significant challenges in managing compliance due to the rapid pace of their growth and the complexity of regulatory requirements. Drata simplifies this process by automating the continuous monitoring and evidence collection needed for compliance audits.
The platform integrates with over 75 different technologies, allowing it to provide a comprehensive view of a company's security posture. This integration helps in streamlining workflows, reducing manual tasks, and ensuring that companies are always audit-ready. Drata's automation capabilities eliminate the need for repetitive manual work, such as taking screenshots and maintaining spreadsheets, which are traditionally part of the compliance process.
Drata's business model is based on a subscription service, where clients pay for access to the platform and its features. This model provides a steady stream of recurring revenue, which is beneficial for financial stability and growth. By offering continuous compliance monitoring and automated evidence collection, Drata helps its clients save time and resources, making it a valuable investment for companies looking to maintain a strong security and compliance posture.
In summary, Drata is revolutionizing the way companies manage their compliance needs by providing an automated, integrated, and continuous monitoring solution. This not only helps businesses build trust with their customers but also ensures they remain compliant with critical industry standards.
Keywords: security, compliance, automation, SOC 2, ISO 27001, HIPAA, SaaS, monitoring, integration, audit-ready.