Drata, security compliance and automation startup, has received $200 million in Series C funding, valuing the company at more than $2 billion.
The $200 million cash infusion comes less than two years after the San Diego, California-based company emerged from stealth with ambitious plans to design and build a platform that enables businesses to achieve and maintain SOC 2 and ISO 27001 continuous compliance in a timely manner. Drata has now raised $228 million, more than doubling its so-called unicorn valuation in a single year. Drata raised $100 million at a billion-dollar valuation last November after demonstrating impressive customer growth.
Existing investors ICONIQ Growth and GGV Capital led the Series C round, with participation from Alkeon Capital, Cowboy Ventures, Salesforce Ventures, SentinelOne’s S Ventures, FOG Ventures, and Silicon Valley CISO Investors (SVCI).