Drata

Drata

Automates security and compliance monitoring

About

Drata provides a platform that automates security and compliance processes for companies, helping them achieve and maintain continuous compliance with standards like SOC 2, ISO 27001, and HIPAA. The platform works by integrating with over 75 different technologies to continuously monitor a company's security posture and collect evidence needed for compliance audits. This automation reduces the need for manual tasks, such as taking screenshots and managing spreadsheets, making the compliance process more efficient. Drata primarily serves fast-growing technology and SaaS companies that face challenges in managing compliance due to rapid growth and complex regulations. Unlike its competitors, Drata focuses on providing a comprehensive, integrated solution that ensures companies are always ready for audits. The goal of Drata is to simplify compliance management, allowing businesses to save time and resources while building trust with their customers.

Company Stage

Series C

Employees

501-1,000

Industries

Enterprise Software, Cybersecurity

Total Funding

$319.2M

Headquarters

San Diego, California

Founded

2020


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Simplify's Take

What believers are saying

  • Drata's acquisition of oak9 integrates compliance into the software development lifecycle.
  • Strategic alliances, like with 360 Advanced, expand Drata's market reach and service offerings.
  • The Harmonize.io acquisition enhances AI-driven governance and risk management capabilities.

What critics are saying

  • AI Questionnaire Automation may misinterpret data, affecting compliance outcomes.
  • Integration challenges from acquisitions could disrupt service delivery or delay new features.
  • Rapid expansion may lead to quality control issues, causing compliance gaps for clients.

What makes Drata unique

  • Drata automates compliance with over 75 technology integrations, reducing manual tasks.
  • The platform offers continuous monitoring for audit readiness, enhancing security posture.
  • Drata's AI Questionnaire Automation accelerates compliance processes, minimizing sales cycle delays.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

17%

2 year growth

88%

Benefits

Health benefits

Learning enrichment stipends

Flexible PTO

Work from home stipend

401k

Parental leave

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