Drata
“Can compliance automation become the default trust infrastructure layer for every B2B SaaS company seeking enterprise customers?”
Founded2020
HQSan Diego, California, USA
FoundersAdam Markowitz
Total raised$500M+
Latest roundSeries C, 2022
Valuation$2B post-money (2022)
IndustryVertical SaaS / Compliance & Security
The story
Drata was founded around 2020 to automate security compliance workflows — initially targeting SOC 2 and GDPR compliance for B2B SaaS companies. The platform grew rapidly by packaging continuous monitoring and evidence collection into a turnkey product, enabling companies to pass audits faster. Drata expanded its framework coverage and added a Trust Center product, positioning itself as the compliance infrastructure layer for cloud-native businesses. There is no evidence of an embedded finance pivot — the company remains squarely in compliance SaaS.
Last 12 months
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Product timeline
2020
Drata founded as a compliance automation and security SaaS platform.· pivot
2021
Raised Seed and Series B rounds in quick succession, reaching $1B valuation.· acquisition
2022
Raised $200M Series C at $2B valuation co-led by ICONIQ Growth and GGV Capital.· banking
The stack
Accounting
Accounting gap: minor