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About Drata
Industries
Enterprise Software
Cybersecurity
Company Size
501-1,000
Company Stage
Series C
Total Funding
$328.2M
Headquarters
San Diego, California
Founded
2020
Overview
Drata provides a platform that automates security and compliance processes for companies, helping them achieve and maintain compliance with standards like SOC 2, ISO 27001, and HIPAA. The platform continuously monitors a company's security posture and collects evidence needed for compliance audits, which is especially beneficial for fast-growing technology and SaaS companies that face complex regulatory challenges. Drata integrates with over 75 technologies, streamlining workflows and reducing the need for manual tasks such as taking screenshots and managing spreadsheets. Unlike competitors, Drata focuses on continuous compliance monitoring and automated evidence collection, allowing clients to save time and resources. The company's goal is to simplify compliance management, enabling businesses to build trust with their customers while ensuring they meet essential security requirements.
Simplify's Take
What believers are saying
- Drata's acquisition of SafeBase enhances vendor risk management with AI-driven automation.
- Strategic partnerships, like with HGS, expand Drata's market reach and capabilities.
- Compliance as Code integrates compliance into development, ensuring continuous monitoring.
What critics are saying
- SafeBase integration may disrupt service delivery and customer satisfaction.
- AI-generated responses in questionnaires may face user skepticism, affecting adoption.
- Rapid expansion through acquisitions could strain resources and lead to inefficiencies.
What makes Drata unique
- Drata automates compliance with over 75 technology integrations, reducing manual tasks.
- The platform offers continuous monitoring for standards like SOC 2, ISO 27001, and HIPAA.
- Drata's AI Questionnaire Automation accelerates security reviews, enhancing sales cycles.
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Funding
Total Funding
$328.2M
Above
Industry Average
Funded Over
4 Rounds
SV AngelIndustry standards
Benefits
Health benefits
Learning enrichment stipends
Flexible PTO
Work from home stipend
401k
Parental leave
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 1%2 year growth
↑ 4%SAN DIEGO, Feb. 25, 2025 /PRNewswire/ - Drata, the trust management platform, today announced a strategic partnership with HGS, a leading provider of solutions in digital experience, applied artificial intelligence (AI) business process management (BPM), and digital media services.
Şirketlerin regülasyonlara uyumlu hale gelmesine yardımcı olan bir girişim olarak karşımıza çıkan Drata, yeni bir satın alma gerçekleştirdi. Drata tarafından aktarılan bilgilere göre şirket, yazılım güvenliğini inceleyen bir platform sunan SafeBase'i satın aldı.Drata ve SafeBase arasında gerçekleşen satın alma anlaşmasına göre Drata, SafeBase'i satın almak için 250 milyon dolar ödeyecek. Söz konusu satın alma işleminin önümüzdeki 1 ay içinde tamamlanması bekleniyor. SafeBase Kurucu Ortağı ve CEO'su Al Yang, satın alma sonrasında da şirketi yönetmeye devam edecek. Bağımsız bir şirket olarak yönetilecek olan SafeBase, çözümlerini Drata için de sunacak.2020 yılında Adar Arnon, Al Yang ve Stan Chang tarafından San Francisco'da kurulan SafeBase, temelinde bir güvenlik ve uyumluluk platformu olarak hizmet veriyor. Sunduğu yapay zeka destekli platform sayesinde güvenlik inceleme süreçlerini otomatikleştiren SafeBase, bugüne kadar 53 milyon doların üzerinde yatırım da topladı.SafeBase'in binden fazla müşteriye sahip olduğunu da ekleyelim
SAN DIEGO, Feb. 11, 2025 /PRNewswire/ -- Drata , the leading Trust Management platform, today announced it has entered into a definitive agreement to acquire SafeBase , the leading Trust Center solution for the enterprise. The acquisition is intended to integrate both companies' shared vision of being the go-to "trust layer" between companies—driving seamless, transparent relationships with the most comprehensive Trust Management Platform. The acquisition is expected to close later this month.The surge in market demand for a full stack Trust Management platform is fueled by a perfect storm of increasing Cloud and AI dependency, stricter regulatory requirements like DORA, ISO 42001, and the EU AI Act, high profile breaches, and rising security risks. Maintaining customer trust through continuous compliance requires a scalable and adaptable approach to effectively address these challenges. Drata's acquisition of SafeBase is expected to significantly enhance its ability to streamline security reviews and strengthen vendor risk management, all through AI-driven automation
October 9, 2024 - [St. Petersburg, FL] - 360 Advanced, a leading provider of compliance and security solutions, is excited to announce a strategic technology alliance with Drata, a pioneering platform for continuous compliance automation.
1 I.S. Partners announced a new alliance with Drata, a continuous security and compliance automation platform.
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About Drata
Industries
Enterprise Software
Cybersecurity
Company Size
501-1,000
Company Stage
Series C
Total Funding
$328.2M
Headquarters
San Diego, California
Founded
2020
Drata is Hiring for 40 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Drata