Drata’s $100 Million Series B Financing Round

Cooley LLP advised Drata on the deal.

Drata, a next-generation security and compliance automation company, announced its $100 million Series B financing round, which brings the company’s valuation to $1 billion.

ICONIQ Growth led the round, which also included participation from Alkeon Capital and Salesforce Ventures. Drata will use the new capital to launch two additional frameworks, and will continue to innovate with new features that further streamline compliance and monitor security posture for companies operating in the cloud.

Drata is on a mission to help businesses earn and keep the trust of their users, customers, partners and prospects. With Drata, companies streamline compliance 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 Cooley team was led by Ken Rollins (Picture), Carlos Ramirez and Dylan Kornbluth.

Involved fees earner: Dylan Kornbluth – Cooley LLP; Carlos Ramirez – Cooley LLP; Ken Rollins – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Drata;

Martina Bellini

Author: Martina Bellini