With Drata, thousands of companies streamline over 14 compliance frameworks-such as SOC 2, ISO 27001, GDPR, and more-through continuous, automated control monitoring and evidence collection, resulting in a strong security posture, lower costs, and less time spent preparing for annual audits. We've seen the team commit to both remarkable speed and impeccable execution on its way to becoming the first choice platform for fully automated GRC and trust," said Oren Yunger, Partner at GGV Capital.įor more information on Drata's Series C funding, please visit: /blog/announcing-series-c.ĭrata is the world's most advanced security and compliance automation platform with the mission to make compliance effortless and accessible. "Since leading Drata's Series A, we've been doubling down in every round. Evolving into an integral part of an organization's security stack, the company has more than 2,000 customers, including Fivetran and Lemonade, to streamline continuous compliance and turn trust into a competitive advantage. In addition to launching support for multiple languages, Drata also deepened its integrations with more than 75 applications and systems to provide full visibility into an organization's security posture. Earlier this year, Drata launched its dynamic Trust Center, enabling customers to proactively display the health of their compliance programs, as well as its Risk Management offering to continuously monitor, identify, assess, and treat risks. Strategic individuals participated in the round including Jeff Weiner (LinkedIn), Frank Slootman (Snowflake), Jennifer Tejada (PagerDuty), Amit Agarwal (Datadog), Olivier Pomel (Datadog), and Jonathan Rubinstein (Amazon), joining Satya Nadella (Microsoft), who invested in Drata's $100 million Series B round.įollowing its momentous Series B last year, Drata has broadened into an industry-leading security compliance platform, expanding to more than 14 compliance frameworks, standards, and regulations such as GDPR, NIST SP 800-53, and CCPA, among many others. Additional investors in the round include Salesforce Ventures, Cowboy Ventures, S Ventures (SentinelOne), Silicon Valley CISO Investments (SVCI), and FOG Ventures (Operators Guild). We're looking forward to supporting Drata's future growth as they cement their leadership position in the compliance and security automation industry."Īlkeon Capital also made a significant investment in this round. "The speed with which the company operates continues to blow us away. "The Drata team continues to set the bar higher with its innovative platform and customer-centric approach," said Will Griffith, Founding Partner at ICONIQ Growth. The transaction also highlights Arma Partners’ outstanding track record of building long-term client relationships as a trusted advisor and deep sector expertise in Foodtech, having advised Wolt for the second time less than 12 months after its $130m Series C led by ICONIQ Capital.Drata corporate logo (PRNewsfoto/Drata Inc.) The transaction underlines Arma Partners’ position as a market-leading advisor on private capital funding mandates to both entrepreneurial and corporate clients through its Private Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. Other investors in this round include existing shareholders ICONIQ Capital, Highland Europe, 83North and EQT Ventures. The new funding will enable Wolt to support a growing base of restaurants and adjust to the demands of the Covid-19 environment. Wolt is a Helsinki-based food delivery service with operations in 22 countries and 80 cities, serving food from over 10,000 restaurants to homes and offices. Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Wolt on a $110 million growth capital raise, with Goldman Sachs Growth Equity participating as a new investor.
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