Drata

Drata

Automates security and compliance processes

About

Drata 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 security measures and collects evidence for compliance audits, integrating with over 75 technologies to streamline workflows. Unlike many competitors, Drata focuses on fast-growing technology and SaaS companies, offering a subscription service that ensures clients are always audit-ready. The goal is to help businesses save time and resources while maintaining a strong security and compliance posture.

Company Stage

Series C

Employees

501-1,000

Industries

Enterprise Software, Cybersecurity

Total Funding

$319.2M

Headquarters

N/A

Founded

2020


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Simplify's Take

What believers are saying

  • Drata's AI Questionnaire Automation can significantly reduce the time and effort required for security reviews, expediting sales cycles and driving revenue growth.
  • The acquisition of oak9 and the introduction of Compliance as Code capabilities enable seamless integration of compliance into the software development lifecycle, enhancing efficiency and security.
  • Drata's steady stream of recurring revenue from its subscription model ensures financial stability and supports continuous innovation and growth.

What critics are saying

  • The rapid pace of technological advancements and regulatory changes may require constant updates to Drata's platform, posing a challenge to maintain its competitive edge.
  • Integration of acquired companies like oak9 and Harmonize.io may present cultural and technological challenges, potentially affecting operational efficiency.

What makes Drata unique

  • Drata's platform integrates with over 75 different technologies, providing a comprehensive view of a company's security posture, unlike competitors with limited integration capabilities.
  • The automation of continuous monitoring and evidence collection for compliance audits sets Drata apart from traditional, manual compliance processes.
  • Drata's recent acquisitions, such as oak9 and Harmonize.io, enhance its capabilities in code compliance and AI-powered governance, further differentiating it from other compliance platforms.

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Growth & Insights
Headcount

6 month growth

8%

1 year growth

17%

2 year growth

97%

Benefits

Health benefits

Learning enrichment stipends

Flexible PTO

Work from home stipend

401k

Parental leave

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