Drata Announces $200 Million Series C

Funding round brings company’s valuation to $2 billion

San Diego – December 7, 2022 – Cooley advised Drata, a continuous security and compliance automation platform, on its $200 million Series C funding round. Partner Ken Rollins led the team advising Drata, along with associates Dylan Kornbluth and Christine Kim.

The latest round of funding, which was co-led by ICONIQ Growth and GGV Capital, doubles Drata’s valuation to $2 billion since its Series B round in November 2021.

Drata is an advanced security and compliance automation platform with a mission to make compliance effortless and accessible. With Drata, thousands of companies streamline more than 14 compliance frameworks – including SOC 2, ISO 27001 and the General Data Protection Regulation – through continuous, automated control monitoring and evidence collection, resulting in a strong security posture, lower costs, and less time spent preparing for annual audits. The company is backed by ICONIQ Growth, Alkeon Capital, Salesforce Ventures, GGV Capital, Cowboy Ventures, S Ventures, Leaders Fund, Okta Ventures, SVCI, SV Angel and many key industry leaders.

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Related Contacts
Ken Rollins  Partner San Diego
Dylan Kornbluth  Associate San Diego
Christine S. Kim  Associate San Diego
Mazda Antia  Partner San Diego, Los Angeles – Downtown
Charles Bair  Partner San Diego
John Paul Oleksiuk  Partner New York, Los Angeles – Santa Monica
Summer Wynn  Partner San Diego, Los Angeles – Santa Monica
Sharon Connaughton  Special Counsel Washington, DC
Thomas Welk  Senior Counsel San Diego
Heidi Ausman  Senior Paralegal San Diego
Haylee Saathoff  Associate San Diego
Kate Walther  Paralegal Specialist San Diego
Related Practices & Industries

Emerging Companies  Venture Capital  Technology