About Drata
Drata is a company based in San Diego (United States) founded in 2020 by Troy Markowitz, Adam Markowitz, and Daniel Marashlian.. Drata has raised $328.24 million across 4 funding rounds from investors including Okta, SentinelOne and Alkeon Capital Management. The company has 393 employees as of December 31, 2023. Drata has completed 3 acquisitions, including Harmonize, SafeBase and oak9. Drata operates in a competitive market with competitors including Zscaler, PayPal, Palantir, Snowflake and Alteryx, among others.
- Headquarter San Diego, United States
- Employees 393 as on 31 Dec, 2023
- Founders Troy Markowitz, Adam Markowitz, Daniel Marashlian
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of Drata
Drata has successfully raised a total of $328.24M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $200 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $200.0M
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First Round
First Round
(06 Nov 2020)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series C - Drata | Valuation | Iconiq Capital , GGV Capital | |
| Nov, 2021 | Amount | Series B - Drata | Valuation | Iconiq Capital | |
| Jun, 2021 | Amount | Series A - Drata | Valuation | GGV Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Drata
Drata has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Okta, SentinelOne and Alkeon Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of investment management and real asset services
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Drata
Drata has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Harmonize, SafeBase and oak9. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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IT vendor risk management solutions are provided by SafeBase.
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2020 | ||||
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Cloud-based HRMS platform is offered to enterprises for HR management.
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2019 | ||||
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Provider of cloud and devops security solutions
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Drata
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drata Comparisons
Competitors of Drata
Drata operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zscaler, PayPal, Palantir, Snowflake and Alteryx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cybersecurity and zero trust solutions are delivered for secure networks.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Platform that provides data analysis and management solutions
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| domain | founded_year | HQ Location |
Cloud-based big data warehouse for enterprise data management is provided.
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| domain | founded_year | HQ Location |
Cloud-based data analytics solutions are delivered for insight generation.
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drata
Frequently Asked Questions about Drata
When was Drata founded?
Drata was founded in 2020.
Where is Drata located?
Drata is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Drata?
Adam Markowitz is the current CEO of Drata. They have also founded this company.
Is Drata a funded company?
Drata is a funded company, having raised a total of $328.24M across 4 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Nov 06, 2020.
How many employees does Drata have?
As of Dec 31, 2023, the latest employee count at Drata is 393.
What does Drata do?
Drata was founded in 2020 and is based in San Diego, United States. Solutions for risk assessment and management are delivered to enterprises within the security sector. Continuous monitoring of security controls is enabled, along with risk management and data security measures. Automated evidence collection, employee onboarding and offboarding processes, asset tracking, insights, reports, alerts, and various integrations are included among the core operations.
Who are the top competitors of Drata?
How many acquisitions has Drata made?
Who are Drata's investors?
Drata has 20 investors. Key investors include Okta, SentinelOne, Alkeon Capital Management, Iconiq Capital, and GGV Capital.
What is Drata's valuation?
The valuation of Drata is $2B as of Nov 2022.
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