Company raises round six months after seed funding to support its 100% month-over-month average growth rate and expand product to support additional compliance frameworks
SAN DIEGO, CA (June 23, 2021) – Drata, a next-gen security and compliance automation company, today announced $25M in Series Afunding led by GGV Capital. The new financing comes six months after the company’s initial seed round and launch out of stealth. Drata’s platform helps companies achieve and maintain continuous compliance through automated security control monitoring and evidence collection. New investors Okta Ventures and Silicon Valley CISO Investors (SVCI), as well as insiders Cowboy Ventures and Leaders Fund also participated in the round, along with several strategic investors and security practitioners.
“Comprehensive proof of a company’s security and compliance posture has quickly become a requirement for doing business,” says Oren Yunger of GGV Capital. “Drata’s technology 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. The company has proven to be a true industry disruptor with their continuous approach to compliance, and…
