![]() This past year, Drata has accelerated that pace, addressing customer needs by launching support for HIPAA, ISO 27001, GDPR, PCI DSS, and more than fourteen compliance frameworks.ĭrata has also released a set of new, market-defining products to automate further customer compliance workflows, notably a Risk Management solution that tracks vendor security posture and a Trust Center that helps companies display their security controls in real-time, eliminating static security questionnaires. Drata's innovative platform initially helped customers achieve compliance with SOC 2. We knew there was something rare about "Drata Speed" and the company's product launch velocity when we first met the team, but the past year we have been amazed about what is possible to achieve in record time. The team demonstrated infectious passion about creating cutting-edge software to automate compliance workflows and generate a full-scale GRC solution to make their customers successful. The deep understanding and authentic passion that we felt from our very first conversation with Adam, Daniel, and Troy resonated with us in the same way we felt when we met with other ICONIQ Growth founders from some of the largest infrastructure and security companies. When we first met Adam Markowitz, Drata's co-founder and CEO, his vision for Drata was captivating and informed by the personal pain his team experienced in achieving and maintaining compliance at their previous startup. Since first partnering with Drata, we have been impressed with the speed and care with which the team delivers an exemplary solution that makes compliance effortless and accessible. With these problems extending to navigating broader governance and risk concerns, IDC projects the global GRC market to reach $15 billion in the next three years.ĭrata has streamlined the traditionally laborious process of achieving and maintaining compliance by automating control monitoring and evidence collection and integrating with more than 75 robust applications and systems, providing customers with an intuitive, sleek, real-time, and automated compliance platform. Yet compliance workflows are still largely manual, incredibly time-consuming, and antiquated relative to today's cloud-centric environment. Even in today's challenging macro environment, complying with standards such as SOC 2, ISO 27001, and HIPAA is a prerequisite to conducting business. After we led Drata’s Series B a little over a year ago, ICONIQ Growth is honored and excited to lead the company's $200M Series C fundraise, alongside our friends at GGV Capital.Ĭompanies of all sizes have begun heavily prioritizing compliance and security adherence in response to ever-increasing cybersecurity incidents and rapidly changing global regulations. No.We have been highly impressed by the execution from Drata's founders Adam Markowitz, Daniel Marashlian, Troy Markowitz, and the entire Drata team and we are thrilled to deepen our partnership with the category-defining security and compliance automation platform. No.įelicitas Global Partners, First Ascent VenturesĤ5 SaaS Companies that got the funding in November 2022Ĥ 5 SaaS companies got funded in November 2022. No.ģ0 SaaS Companies got funded in December 2022 Sr. Sustainable Development Technology CanadaĢ4 SaaS Companies got funded in January 2023 Sr. No.Ģ4 SaaS companies got funded in February 2023 Sr. In case we’ve missed any SaaS company, do drop us a note at 24 SaaS companies got funded in March 2023 Sr. ![]() Of course, this page also helps you know SaaS investors for both seed funding and venture funding stages. We’ll have it all, be it series A funding for a SaaS service or late-stage Series D, E, or F funding. In that bid, we are also introducing a one-stop page for SaaS startup funding*, i.e., a comprehensive list of SaaS funding in India or otherwise. At SaaSworthy, we aim to recognize and showcase the best SaaS products from across the globe.
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