[ad_1]
Funding for Cybersecurity
San Diego-based cybersecurity agency Drata not too long ago raised one other $200 million in a Sequence C spherical, led by ICONIQ Progress and GGV Capital. This most up-to-date funding spherical brings Drata’s whole valuation to $2 billion.
Should you haven’t heard of Drata but, it’s most likely as a result of the corporate simply raised its seed spherical in January 2021. Nevertheless, the corporate is rising quick. It reached unicorn standing — denoting startups valued at $1 billion — by the tip of 2021. Now, only a 12 months later, it has grown by that very same quantity, once more.
Automated Compliance
Drata’s platform helps corporations make sure that they're staying compliant with authorities rules {and professional} frameworks, corresponding to HIPAA, GDPR, and SOC 2.
Within the phrases of CEO Adam Markowitz, Drata is “designed to bridge the hole between compliance and belief by automation.” In different phrases, Drata’s system helps corporations “coloration contained in the strains” throughout a spread of industries and packages, robotically.
For a lot of corporations, staying compliant with trade guidelines and rules is a high concern, because it builds person belief and retains prospects — all whereas maintaining the lights on. By automating the compliance course of, which is notoriously complicated, Drata hit on a key demand, and seems to be primed to capitalize on it.
For Shoppers
With rising applied sciences like cryptocurrency and synthetic intelligence gaining momentum, and curiosity in shopper information and privateness rising, compliance and danger administration have dominated conversations in and concerning the tech trade.
For customers, seeing an organization like Drata obtain such scale and momentum is promising. It exhibits that, on an trade degree, compliance is being taken critically. Hopefully, Drata will efficiently deploy its newfound funding to proceed to develop, making a safer world for each corporations and customers.
Please perceive that this data offered is normal in nature and shouldn’t be construed as a advice or solicitation of any merchandise supplied by SoFi’s associates and subsidiaries. As well as, this data is in no way meant to offer funding or monetary recommendation, neither is it meant to function the idea for any funding determination or advice to purchase or promote any asset. Needless to say investing entails danger, and previous efficiency of an asset by no means ensures future outcomes or returns. It’s vital for buyers to think about their particular monetary wants, objectives, and danger profile earlier than investing determination.
The knowledge and evaluation offered by hyperlinks to 3rd social gathering web sites, whereas believed to be correct, can't be assured by SoFi. These hyperlinks are offered for informational functions and shouldn't be seen as an endorsement. No manufacturers or merchandise talked about are affiliated with SoFi, nor do they endorse or sponsor this content material.
Communication of SoFi Wealth LLC an SEC Registered Funding Advisor
SoFi isn’t recommending and isn't affiliated with the manufacturers or corporations displayed. Manufacturers displayed neither endorse or sponsor this text. Third social gathering emblems and repair marks referenced are property of their respective house owners.
SOSS22120903
[ad_2]