Drata Raises $200M in Series C
Drata has successfully raised $200M in a Series C at a $2B valuation led by ICONIQ Growth, GGV Capital, Salesforce Ventures, Cowboy Ventures, Expands Venture Capital.
Company Overview
Drata is a Compliance company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2020 with 400+ employees.
Automated compliance platform
Fundraising Details
- Amount Raised: $200M
- Round Type: Series C
- Valuation: $2B
- Date: 2024-04-11
- Investors: ICONIQ Growth, GGV Capital, Salesforce Ventures, Cowboy Ventures, Expands Venture Capital
About Drata
Automated compliance platform The company is positioned in the Compliance sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 548 Market Street, San Francisco, CA 94104
- Founded: 2020
- Team Size: 400+
- Industry: Compliance
What This Means
This funding round demonstrates strong investor confidence in Drata's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Compliance sector continues to attract significant investment as companies innovate to meet evolving market demands. Drata's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Drata, positioning the company among notable players in the Compliance industry.
Looking Ahead
With this new capital, Drata is well-positioned to execute on its growth strategy and continue building innovative solutions in the Compliance space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-04-11. For more information about Drata, visit their headquarters at 548 Market Street, San Francisco, CA 94104.
