The startup joins several other companies in the compliance space. The round landed six months after its $3.2 million seed round in January, and was led by GGV Capital, with participation from Silicon Valley CISO Investors, Okta Ventures, Cowboy Ventures, Leaders Fund, and SV Angel.ĭrata CEO and co-founder Adam Markowitz told TechCrunch that the company is growing on average 100% month-over-month since it launched out of stealth and is serving hundreds of customers, including three-person startups to publicly traded companies.
DRATA SOC SERIES ICONIQ GROWTH 1BSAWERSVENTUREBEAT ISO
Now with a new round of $25 million at Series A in the bank, Drata said it’s expanding its compliance platform to also include ISO 27001, another core security standard used all over the world to help companies protect their systems and safeguard data.
That’s particularly burdensome for startups and smaller firms.ĭrata says it can get companies SOC 2-compliant faster and keep them in compliance for longer by integrating with popular business tools and cloud services to get a better picture of a company’s security posture.
SOC 2 is a certification used to show that a company can store customer data in the cloud securely, but the process is notoriously complex and can take months to complete - and you have to do it all over again every year. Compliance isn’t going away, but startups like Drata are making it slightly easier to bear.ĭrata helps companies get their SOC 2 compliance quicker by using automation.
Security compliance is precisely three things: incredibly boring, time consuming, and entirely necessary to run a business in the modern age.
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