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

San Francisco-based security review platform provider SafeBase has raised $33 million in a Series B round led by Touring Capital, with participation from Zoom Ventures and existing investors NEA (New Enterprise Associates), Y Combinator, Comcast Ventures, and Cerca Partners.