Drata lands $25M for its automated cybersecurity compliance platform
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Drata Inc., a new startup working to make it easier for companies to comply with cybersecurity standards, today announced that it has raised a $25 million funding round led by GGV Capital.
The round also included contributions from the venture capital arm of publicly traded cybersecurity provider Okta Inc., as well as Cowboy Ventures, Leaders Fund and SVCI. SVCI describes itself as an angel investor group comprising of chief information security officers at major companies.
Drata has developed a software platform that simplifies the process of complying with the SOC 2 cybersecurity standard. SOC 2 is a widely used set of guidelines for ensuring that a company processes customers’ information in a secure manner. Meeting the standard is considered essential to doing business for many tech firms, especially for those working with large enterprises, which often have particularly str