![]() 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. 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.
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