Drata Revenue, Valuation, Funding & Investors
Drata is valued at $2B as of December 2022, a 66.7x multiple on its last reported $30M revenue.
Last Drata valuation
$2B
Series C · Dec 2022
Last Drata funding round
$200M
Series C · Dec 2022
Drata revenue
$30M
Series C · Dec 2022
Key investors in Drata
Notable Capital
Cowboy Ventures
Leaders Fund
ICONIQ Capital
SV Angel
Salesforce Ventures
About Drata
Drata provides a trust management platform automating compliance for standards like SOC 2, ISO 27001, HIPAA, PCI DSS, GDPR, and NIST CSF. San Diego-headquartered since 2020, it monitors controls and collects evidence to simplify audits for enterprises.
Founded
2020
HQ
San Diego, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$30M (Dec 2022)
Valuation
$2B (Dec 2022)
Drata Valuation
Drata is currently valued at $2B, based on its Series C in December 2022.
The $200M round was led by ICONIQ Capital and Notable Capital.
Drata's valuation has grown 2.0x from $1B at its Series B in November 2021 to $2B in December 2022, across 2 priced rounds.
Drata valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2022 | Series C | $2B | 66.7x |
| Nov 2021 | Series B | $1B | - |
Drata Revenue
Drata's latest recorded revenue is $30M, as of its Series C in December 2022. At a $2B valuation, that implies a 66.7x revenue multiple.
Drata revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2022 | $30M | $2B | 66.7x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Drata Funding History
Drata has raised a total of $328M across 4 funding rounds.
Drata's first fundraising round was a $3M seed round in January 2021. The most recent completed round was a $200M Series C in December 2022.
Drata funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Series C | ICONIQ Capital (lead); Notable Capital (lead) | $200M | $2B | Drata is a continuous security and compliance automation platform that enables companies to manage frameworks like SOC 2, ISO 27001, HIPAA, GDPR, NIST SP 800-53, and CCPA through automated control monitoring and evidence collection, streamlining audits, improving security, and reducing costs. Founded in 2020 and headquartered in San Diego, the company has grown rapidly, serving thousands of customers including mid-market and enterprise firms, with 19 ICONIQ Growth portfolio companies like BambooHR, Fivetran, Loom, Notion, and Ramp adopting the platform. In December 2022, Drata raised $200 million in a Series C funding round co-led by ICONIQ Growth and GGV Capital, doubling its valuation to $2 billion from $1 billion in the November 2021 Series B. Participants included Alkeon Capital, Salesforce Ventures, Cowboy Ventures, S Ventures (SentinelOne), Silicon Valley CISO Investments, FOG Ventures, and individuals such as Jeff Weiner (LinkedIn), Frank Slootman (Snowflake), Jennifer Tejada (PagerDuty), and Satya Nadella (Microsoft). This brought total funding to $328 million across rounds. The round valued Drata at a 66x forward revenue multiple on $30 million in 2022 ARR, highlighting strong growth and market traction. Funds will support R&D, platform enhancements, a new API for integrations, global expansion via partners, and accelerating innovation in governance, risk, and compliance (GRC). Drata's product velocity and execution have positioned it as a leader, with plans for effortless compliance through more automation and integrations. Notable Capital participated in prior rounds like the June 2021 funding, aligning with the query's investor mention, though not leading Series C. The company's focus on enterprise-grade solutions and customer feedback continues to drive adoption amid rising compliance demands. |
| Nov 2021 | Series B | ICONIQ Capital (lead); Leaders Fund; Salesforce Ventures; Cowboy Ventures; Alkeon Capital; Notable Capital | $100M | $1B | Drata is a San Diego-based compliance automation platform that streamlines security and compliance for enterprises across frameworks like SOC 2, ISO 27001, PCI DSS, HIPAA, and GDPR, emphasizing automation to build trust and simplify operations for fast-growing companies. Founded in 2020, it raised a Seed round of $3.2M in January 2021 led by Cowboy Ventures, followed by a $25M Series A in June 2021 led by Notable Capital to expand capabilities. In November 2021, Drata closed a $100M Series B round led by ICONIQ Growth, achieving a $1 billion post-money valuation and unicorn status. Investors included Alkeon Capital, Cowboy Ventures, ICONIQ Growth, Leaders Fund, Notable Capital, and Salesforce Ventures, matching the specified participants. The funds were aimed at scaling the platform and integrating additional compliance frameworks amid rapid growth. The company continued its momentum with a $200M Series C in December 2022 co-led by ICONIQ Growth and GGV Capital, doubling valuation to $2B, bringing total funding to over $328M. |
| Jun 2021 | Series A | Notable Capital (lead); Leaders Fund; Silicon Valley CISO Investments; Darkmode Ventures; Basis Set Ventures; Cowboy Ventures; Okta Ventures; Ameet Patel | $25M | - | Drata is a continuous security and compliance automation platform that helps companies manage frameworks like SOC 2, ISO 27001, HIPAA, GDPR, NIST SP 800-53, and CCPA through automated control monitoring and evidence collection. Founded in 2020 and headquartered in San Diego, the company raised a $25M Series A round in June 2021 led by Notable Capital to expand platform capabilities and support additional compliance frameworks. Investors in earlier or related rounds included Cowboy Ventures (seed lead), Basis Set Ventures, Darkmode Ventures, Leaders Fund, Okta Ventures, and Silicon Valley CISO Investments, matching the query's investor list. The Series A followed a $3.2M seed round in January 2021 led by Cowboy Ventures. Drata quickly progressed to a $100M Series B in November 2021 led by ICONIQ Growth, achieving unicorn status at a $1B valuation. This was followed by a $200M Series C in December 2022 co-led by ICONIQ Growth and GGV Capital, doubling the valuation to $2B, with participation from Alkeon Capital, Salesforce Ventures, Cowboy Ventures, S Ventures, SVCI, FOG Ventures, and individuals like Satya Nadella, Jeff Weiner, and others. Total funding across rounds reached $328M by 2022. Later sources reference $30M ARR in 2022 with a 66x forward revenue multiple at the Series C valuation, but no metrics are provided for the June 2021 Series A timeframe. The company has demonstrated rapid growth, expanding to over 14 compliance frameworks and serving thousands of customers by 2022, positioning it strongly in the GRC market. |
| Jan 2021 | Seed | Cowboy Ventures (lead); Leaders Fund; SV Angel; Blake Darché; AAF Management Ltd. | $3M | - | Drata raised $3.2 million in a seed VC round on January 13, 2021, led by Cowboy Ventures with participation from Leaders Fund, SV Angel, and strategic angels. The funding supported the launch of its platform to automate SOC 2 compliance through continuous control monitoring and evidence collection from cloud infrastructure, identity providers, and other tools. This reduces costs and audit preparation time for customers. Drata emerged from stealth with notable early customers, addressing rising data breach and privacy concerns driving demand for SOC 2 attestation in enterprise sales. The platform connects to ticketing systems, version control, developer tools, and HRIS for ongoing compliance evidence. Backed by experienced entrepreneurs, Drata aimed to enable more R&D and revenue generation by streamlining compliance. |
Who has invested in Drata?
14 investors have backed Drata across its funding rounds, including Notable Capital, Cowboy Ventures, Leaders Fund, ICONIQ Capital, SV Angel and Salesforce Ventures.
Lead investors include ICONIQ Capital, Notable Capital and Cowboy Ventures.
Drata Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Toronto | 3 | Participant | Jan 2021 | |
| San Francisco, CA | 3 | Lead | Jan 2021 | |
| San Francisco, CA | 3 | Lead | Jun 2021 | |
| San Francisco, CA | 2 | Lead | Nov 2021 | |
| San Francisco, CA | 1 | Participant | Jun 2021 | |
| San Francisco, CA | 1 | Participant | Nov 2021 | |
| San Francisco, CA | 1 | Participant | Jan 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Blake Darché | Bozeman, MT | 1 | Participant | Jan 2021 |
| San Francisco, CA | 1 | Participant | Jun 2021 | |
| San Francisco, CA | 1 | Participant | Jun 2021 | |
| United States | 1 | Participant | Jan 2021 | |
| United States | 1 | Participant | Jun 2021 | |
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Start Free TrialAcquisitions by Drata
Drata has acquired 3 companies to date.
Last acquisition by Drata was on February 11th 2025. Drata acquired SafeBase for $250M.
Latest Acquisitions by Drata
| Description | SafeBase is a San Francisco-headquartered platform for vendor security risk management used by enterprises like Atlassian and Okta. The trust center software automates document sharing, security questionnaire responses, and continuous compliance monitoring with integrations to tools like ServiceNow. | oak9 is a platform providing cloud-native security for Infrastructure as Code deployments. The Security-as-Code solution scans Terraform, CloudFormation, and ARM templates to enforce compliance, detect vulnerabilities, and automate policy fixes during CI/CD pipelines for AWS, Azure, and Google Cloud environments. | Harmonize.io is a U.S.-based integration platform automating workflows across HR, IT, finance, and payroll systems. It connects applications like Workday, ServiceNow, and QuickBooks to synchronize employee data during onboarding, transfers, and offboarding. Harmonize.io supports enterprises in North America, minimizing manual data entry through no-code connectors and compliance features for global payroll. |
| HQ Country | | | |
| HQ City | San Francisco, CA | Chicago, IL | San Francisco, CA |
| Deal Date | 11 Feb 2025 | 2 May 2024 | 9 Apr 2024 |
| Valuation | $250M | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Drata acquisitions and their M&A valuation multiples. Start Free Trial | |||
Common questions about Drata
| When was Drata founded? | Drata was founded in 2020. |
| Where is Drata headquartered? | Drata is headquartered in San Diego, CA, United States. |
| Is Drata publicly listed? | No, Drata is a private, VC-backed company. |
| What is Drata's valuation? | Drata was last valued at $2B in its Series C in December 2022. |
| How much funding has Drata raised? | Drata has raised $328M across 4 funding rounds. |
| What was Drata's last funding round? | Drata's last funding round was a $200M Series C in December 2022, led by ICONIQ Capital and Notable Capital. |
| Who are Drata's investors? | Drata's investors include Leaders Fund, Cowboy Ventures, Notable Capital, ICONIQ Capital, Silicon Valley CISO Investments, Salesforce Ventures, SV Angel, Blake Darché, Darkmode Ventures, Basis Set Ventures and 4 others. |
| What is Drata's revenue? | Drata's latest recorded revenue is $30M (December 2022). |
| What is Drata's revenue multiple? | Drata's latest valuation implies a 66.7x revenue multiple ($2B valuation on $30M of revenue). |
| How many companies has Drata acquired? | Drata has acquired 3 companies, including SafeBase, oak9 and Harmonize.io. |
| What was the largest acquisition by Drata? | The $250M acquisition of SafeBase in February 2025 is the largest acquisition Drata has made to date. |
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