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.