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Hey there! Have you heard about Drata? They’re a really cool startup that’s rapidly growing in the cybersecurity and compliance automation space. The company was founded in 2019 by a team of experienced cybersecurity professionals who wanted to simplify the way businesses manage their compliance and security programs.
One of the key things that set Drata apart from other startups in this space is its unique approach to compliance automation. Their platform integrates with a range of tools and services, which allows them to automatically collect, analyze, and report on compliance data. This saves businesses a ton of time and money and reduces the risk of costly compliance failures. It’s a really effective and innovative solution.
Industry Details
Drata is a cybersecurity and compliance automation platform, operating in the SaaS (Software-as-a-Service) industry. The company has a talented and experienced team, a strong product roadmap, and a proven track record of success in the rapidly growing cybersecurity automation market.
Founder
Adam Markowitz is the CEO and co-founder of Drata, Before starting Drata, Adam founded and led Portfolium, an academic portfolio network for students and alumni. Before his work in entrepreneurship, Adam worked as an aerospace engineer for NASA, designing and testing liquid rocket engines for the Space Shuttle Main Engine and next-generation space launch vehicles.
Adam’s background in both engineering and entrepreneurship has given him a unique perspective on building successful companies. He understands the importance of trust and has emphasized the need to build it with customers, investors, and employees. By prioritizing transparency, consistency, and follow-through, Adam and the team at Drata have built a customer-centric approach that has contributed to the company’s rapid growth and success.
Vision and Mission
Drata’s vision is to create a world where businesses of all sizes can easily and confidently manage their security and compliance programs. The company’s mission is to simplify the process of compliance automation, saving businesses time and money while reducing the risk of costly compliance failures.
Startup Story
The founders of Drata noticed that businesses were struggling to manage their compliance and security programs, which were becoming increasingly complex and costly to maintain. They set out to create a platform that would simplify the process of compliance automation, making it easier for businesses to manage their security and compliance programs.
They started building the platform in 2019 and launched it later that year. The company has raised over $25 million in funding from top-tier investors, including GGV Capital, Cowboy Ventures, and Leaders Fund, among others. In just two years, Drata has built a customer base of more than 1,000 businesses across a wide range of industries, including healthcare, finance, and e-commerce.
Name, Logo, and Tagline
Drata’s name is a combination of “data” and “risk,” reflecting the company’s focus on data security and risk management. The company’s logo is a stylized shield, representing protection and security. Drata’s tagline is “Security & Compliance, Automated.
Drata: Business and Revenue
| Year | Revenue |
| 2021 | Undisclosed, but growing at 69% MoM |
| 2022 (est.) | Goal is to reach thousands of new clients |
| March 2023 | Undisclosed, but reported to have raised $25M |
Drata’s business model is based on a subscription-based SaaS model. Since its public send-off in January 2021, Drata has accomplished remarkable organizational achievements, including Getting its first 100 clients in quite a while, presently on target to arrive at thousands every 2022. Developing income of 69% month-over-month since January.
Building a group of 70 full-time workers, with plans to significantly increase in size in the following year. The company generates revenue by charging customers a monthly or annual fee to access the Drata platform. As of March 2023, Drata has raised over $25 million in funding from top-tier investors, including GGV Capital, Cowboy Ventures, and Leaders Fund, among others.
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Recognitions and Achievements
Drata has raised over $25 million in funding to date. The company was also recognized as a “Cool Vendor” by Gartner in 2021 and was named to the Forbes AI 50 list in 2022. Additionally, Drata was named a finalist in the 2021 RSA Conference Innovation Sandbox Contest. Drata has its portion of high-profile devotees among its financial backers. Its most recent $200 million Series C round was driven by ICONIQ Development and GGV Capital, alongside other partaking firms like Salesforce Adventure and S Adventures.
Competitors
Drata’s main competitors in the compliance automation market include companies like Secureframe, ZenGRC, and Compliance.ai.
Future Plans
Drata’s future plans include expanding its customer base, continuing to innovate its platform, and exploring opportunities to partner with other companies in the cybersecurity and compliance industries. The company also plans to expand its presence in international markets.
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FAQ
What is Drata’s Revenue?
Drata’s revenue is $31.5 Million
Is drata a unicorn?
Drata is one of the fastest companies ever to achieve unicorn status.
Who are the co-founders of Drata?
o-founders Daniel Marashalin and Troy Markowitz the co-founder of Drata