Drata ARR nearing $100M

Drata is a leading compliance automation platform that specializes in helping companies streamline their governance, risk, and compliance (GRC) programs. The platform offers automation solutions for various compliance frameworks, including SOC 2, HIPAA, and GDPR, making it an essential tool for organizations looking to enhance their security measures and maintain compliance with regulatory requirements.

Its platform is designed to continuously monitor security and compliance controls, facilitating automatic evidence collection needed for audits. This feature significantly reduces the manual work involved in preparing for compliance audits, allowing teams to focus on core business operations.

In 2024 alone, Drata reported a remarkable 100% increase in annual revenue, largely attributed to its aggressive customer acquisition strategy, bringing it closer to achieving a $100 million ARR milestone. It has also successfully acquired SafeBase, a software security review startup, for $250 million.