# Drata

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drata

- Industry: Software
- Headquarters: San Diego, US
- Website: www.drata.com
- Total disclosed funding: $328M
- Latest round: Series C (Nov 21, 2022)
- Investors on record: 12

## About

Founded in 2020 by Adam Markowitz (CEO), Daniel Marashlian and Troy Markowitz and based in California, US, Drata Inc. operates as a provider of Software-as-a-service platform that focuses on security and compliance automation that helps customers to monitor and secure their data. In November 2022, Drata Inc. raised USD 200 million in series C funding co-led by GGV Capital and Iconiq Capital, including FOG Ventures, S Ventures, Alkeon Capital Management, Cowboy Ventures, Salesforce Ventures, and Silicon Valley CISO Investments.

Drata develops a security and compliance automation platform which helps companies streamline their SOC 2 compliance through continuous, automated control monitoring and evidence collection, resulting in lower costs and time spent preparing for annual audits. The company's platform allows a company to streamline the audit preparation process get immediate visibility into real-time security performance, and understand exactly how their controls map to various compliance frameworks including personnel onboarding, policy creation, vendor management, risk assessment, and more.

The company generates revenue primarily through its SaaS-based Trust Management platform, which automates security compliance and audit evidence collection. Its revenue streams include annual subscriptions for compliance automation, security assurance, vendor risk management, and modern GRC solutions. Enterprise clients pay more for multi-framework coverage and add-ons like Risk Management and Trust Center.

## Funding rounds

- Series C, Nov 21, 2022, $200M — Alkeon Capital Management, Cowboy Ventures, ICONIQ Capital, Salesforce Ventures, Silicon Valley CISO Investments, FOG Ventures, S Ventures, Notable Capital
- Series B, Nov 8, 2021, $100M — Alkeon Capital Management, Cowboy Ventures, ICONIQ Capital, Salesforce Ventures, Leaders Fund, Notable Capital
- Series A, May 1, 2021, $25M — Cowboy Ventures, Leaders Fund, Basis Set, Okta Ventures, Silicon Valley CISO Investments, Notable Capital
- Seed, Nov 6, 2020, $3.2M — SV Angel, Cowboy Ventures, Leaders Fund

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Cowboy Ventures (https://capitalatlas.ai/funds/cowboy-ventures) — Seed, Series A, Series B, Series C
- Leaders Fund (https://capitalatlas.ai/funds/leaders-fund) — Seed, Series A, Series B
- Basis Set (https://capitalatlas.ai/funds/basis-set) — Series A
- Okta Ventures (https://capitalatlas.ai/funds/okta-ventures) — Series A
- Silicon Valley CISO Investments (https://capitalatlas.ai/funds/silicon-valley-ciso-investments) — Series A, Series C
- Notable Capital (https://capitalatlas.ai/funds/notable-capital) — Series A, Series B, Series C
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series B, Series C
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series B, Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B, Series C
- FOG Ventures (https://capitalatlas.ai/funds/fog-ventures) — Series C
- S Ventures — Series C