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Founded Year

2020

Stage

Series C | Alive

Total Raised

$328.2M

Valuation

$0000 

Last Raised

$200M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-55 points in the past 30 days

About Drata

Drata is a security and compliance automation platform that specializes in streamlining audit readiness and maintaining compliance across various frameworks. The company offers solutions for continuous control monitoring, automated evidence collection, and workflow optimization to ensure companies are audit-ready. Drata's platform is designed to serve startups, growth-stage companies, and enterprises by providing scalable compliance automation tools and support for custom frameworks. It was founded in 2020 and is based in San Diego, California.

Headquarters Location

4660 La Jolla Village Drive Suite 100

San Diego, California, 92122,

United States

858-754-8811

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Drata's Product Videos

ESPs containing Drata

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Regulatory & Legal Tech

The third-party vendor risk management market helps organizations handle the risks associated with third-party vendors. Solutions automate vendor risk assessments and provide continuous monitoring of supplier security. These platforms streamline traditionally manual processes while helping organizations maintain security compliance and reduce operational risk.

Drata named as Leader among 15 other companies, including AuditBoard, MetricStream, and CyberArk.

Drata's Products & Differentiators

    Frameworks - Continuous Compliance Automation

    Drata automates compliance operations and evidence collection with security monitoring integrations across your SaaS services. Gain visibility into your compliance status, control across your security program, and build a single picture of controls, people, devices, applications, vendors, and risk across your company. Currently, Drata automates SOC 2, ISO 27001, PCI DSS, GDPR, HIPAA, & CCPA The Fastest & Smartest Way to Achieve Continuous SOC 2 Compliance

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Research containing Drata

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Drata in 1 CB Insights research brief, most recently on Mar 1, 2022.

Expert Collections containing Drata

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Drata is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,258 items

C

Cybersecurity

10,080 items

These companies protect organizations from digital threats.

Drata Patents

Drata has filed 1 patent.

The 3 most popular patent topics include:

  • computer memory
  • computer security
  • data management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/29/2022

10/1/2024

Computer memory, Operating system security, Computer security, Networking hardware, Data management

Grant

Application Date

8/29/2022

Grant Date

10/1/2024

Title

Related Topics

Computer memory, Operating system security, Computer security, Networking hardware, Data management

Status

Grant

Latest Drata News

Bubba AI Launches Open Source SOC 2, ISO 27001, and GDPR Compliance Automation Platform for Startups

Jan 9, 2025

, aiming to get 100,000 startups compliant by 2032. Bubba AI  today announced the launch of its open source AI compliance automation platform, marking a significant shift in how startups achieve and maintain critical security certifications like SOC 2, ISO 27001, and GDPR compliance. As the first fully open source solution in this space, Bubba AI aims to democratize access to enterprise-grade compliance tools, providing a free alternative to established platforms like Vanta and Drata. The company has set an ambitious goal of helping 100,000 companies achieve compliance by 2032. The platform launches with comprehensive capabilities designed to streamline the compliance journey for early-stage companies, offering a complete suite of tools for achieving and maintaining SOC 2 attestation, ISO 27001 certification, and GDPR compliance. Through its innovative use of AI and automation, Bubba AI simplifies complex compliance requirements into manageable, actionable steps that align with how startups actually operate. Its automated evidence collection system continuously gathers and organizes compliance documentation from across an organization’s technology stack, dramatically reducing the manual effort typically required for audits. The integrated risk management and vendor assessment platform provides a single source of truth for security teams, replacing fragmented spreadsheets and manual processes that often overwhelm lean startup teams. A standout feature is the platform’s trust vault, which enables startups to securely share compliance documentation with potential enterprise customers, accelerating the sales process and building trust through transparency. The platform seamlessly integrates with leading HR, identity, and cloud platforms including Rippling, Deel, Google Cloud, Microsoft Azure, and AWS, enabling startups to automate their compliance processes across their entire tech stack without dedicating precious engineering resources. “Having served as a CISO for multiple startups, I’ve witnessed firsthand how the high costs of compliance platforms can burden growing companies,” said Lewis Carhart, Founder and CEO of Bubba AI. “We’ve seen incredible acceleration in how quickly companies can develop and ship new software, but the enterprise sales cycle remains painfully slow due to compliance barriers. We’re building Bubba AI to eliminate these roadblocks – security compliance shouldn’t be a luxury, it should be accessible to every startup from day one.” The announcement coincides with Bubba AI’s acceptance into the Microsoft for Startups accelerator program, providing the company with additional resources and support to scale its platform. This strategic partnership will help enhance the platform’s integration capabilities with Microsoft’s ecosystem while maintaining its commitment to open source principles. Unlike traditional compliance platforms that can cost hundreds of thousands of dollars annually – often representing a significant portion of a startup’s runway – Bubba AI’s open source approach allows organizations to deploy and customize the platform to their specific needs. The platform’s automated workflows and continuous monitoring capabilities significantly reduce the time and resources typically required for compliance maintenance, allowing startups to allocate resources toward product development and growth rather than managing compliance tools or maintaining manual processes. For startups pursuing multiple compliance frameworks to expand their enterprise customer base, Bubba AI’s unified control framework maps common requirements across SOC 2, ISO 27001, and GDPR, eliminating redundant work and providing a clear pathway to achieving additional certifications. This approach, combined with automated evidence collection and continuous monitoring, can reduce the typical compliance journey from months to weeks, enabling startups to close enterprise deals faster. “We understand that for startups, every dollar and every minute counts,” added Carhart. “By making enterprise-grade compliance tooling free and open source, we’re removing one of the biggest barriers startups face when selling to enterprise customers. Our platform is designed to grow with you – from your first SOC 2 certification to managing a complex multi-framework compliance program as you scale.” The platform also includes specialized features designed specifically for startup needs: – Pre-configured templates and policies aligned with startup technology stacks – Automated vendor due diligence to speed up procurement processes – Integration with popular startup tools and services – AI-powered policy generation tailored to startup operations – Risk assessment frameworks designed for lean teams – Compliance roadmap planning for different growth stages [To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

Drata Frequently Asked Questions (FAQ)

  • When was Drata founded?

    Drata was founded in 2020.

  • Where is Drata's headquarters?

    Drata's headquarters is located at 4660 La Jolla Village Drive, San Diego.

  • What is Drata's latest funding round?

    Drata's latest funding round is Series C.

  • How much did Drata raise?

    Drata raised a total of $328.2M.

  • Who are the investors of Drata?

    Investors of Drata include Cowboy Ventures, Notable Capital, ICONIQ Growth, Silicon Valley CISO Investments, Alkeon Capital Management and 13 more.

  • Who are Drata's competitors?

    Competitors of Drata include Convercent, Vanta, SafeBase, Cynomi, Sprinto and 7 more.

  • What products does Drata offer?

    Drata's products include Frameworks - Continuous Compliance Automation and 1 more.

  • Who are Drata's customers?

    Customers of Drata include Lemonade.

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