Drata Secures $100M in Series B Funding

Fazzaco learned that Drata, a next-gen security and compliance automation company, has secured $100 million in a Series B funding round, which was led by ICONIQ Growth with participation from Alkeon Capital, Salesforce Ventures and existing investors including GGV Capital, Cowboy Ventures, and Leaders Fund.

Now, in tandem with the new funding, Drata prepares to launch two additional frameworks, HIPAA and PCI DSS, expanding on its current offering of ISO 27001 and SOC 2. The company will continue to innovate with new features that further streamline compliance and monitor security posture for companies operating in the cloud.

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"We believe Drata's growth in just 10 months has been nothing short of incredible, and this traction made us strong believers of the team's exceptional product innovation and category leadership," said Will Griffith, founding partner at ICONIQ Growth. "We are inspired by companies that truly have the power to drive change, and we believe Drata's automation-led platform has the power to do that through its unique strategic value combined with deep customer love and ability to execute."

"This latest round of funding is still only the beginning, and with it we're confident in our ability to accelerate Drata's growth and leadership position in the market," said Drata CEO and Co-Founder Adam Markowitz. "Trust is at the core of what we do, and we're deeply grateful for our trusted customers, investors, and partners who are helping Drata continue to push the bar in delivering its world-class product experience. We look forward to what's ahead as we rapidly grow our team and expand product offerings."