Security compliance and automation platform Drata nabs $200M at $2B valuation

Drata, a security compliance and automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has raised $200 million in a Series C round of funding co-led by Iconiq Growth and GGV Capital, valuing the company at $2 billion.
The raise comes just a year after the San Diego-based company hit unicorn status off the back of a $100 million Series B funding round, while in the intervening months rivals in the space including Secureframe and Laika have each raised $50 million-plus, while Vanta secured $150 million across two tranches this year at a valuation north of $1.6 bil

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