Press Release

Drata Announces $200 Million Series C

Funding round brings company’s valuation to $2 billion
December 7, 2022

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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of 3,300.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.