Cloud Security

Drata emerges from 1st funding round with $25M

June 25, 2021
Drata, a San Diego-based startup company that provides automated monitoring and reporting for security compliance purposes, announced that its first round of capital funding has raised $25 million, according to The San Diego Union-Tribune. The company exited stealth mode and raised $3.2 million in seed funding just six months ago and logged its 100th customer in March.

Drata’s solution automates real-time reporting and monitoring for vendors seeking SOC 2 compliance certification for their subscription software or cloud computing products, enabling the vendors to secure customers much more quickly and easily.

“Comprehensive proof of a company’s security and compliance posture has quickly become a requirement for doing business,” said Oren Yunger of GGV Capital, which led the funding round. “The company has proven to be a true industry disruptor with their continuous approach to compliance.”

The company plans to use the new funding to widen its customer base and expand its compliance functionality to standards other than the existing US SOC 2 standard and its European counterpart.
Jill Aitoro

SC Media Editor in Chief Jill Aitoro has 20 years of experience editing and reporting on technology, business and policy. She also serves as editorial director at SC Media’s parent company, CyberRisk Alliance. Prior to joining CRA, she worked at Sightline Media as editor of Defense News and executive editor of the Business-to-Government Group. She previously worked at Washington Business Journal and Nextgov, covering federal technology, contracting and policy, as well as CMP Media’s VARBusiness and CRN and Penton Media’s iSeries News.

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