Security News > 2021 > January > Drata raises $3.2M to help companies streamline their SOC 2 compliance

Drata helps companies streamline their SOC 2 compliance through continuous, automated control monitoring and evidence collection, resulting in lower costs and time spent preparing for annual audits.

"Drata is a team of seasoned entrepreneurs and engineers who have a successful track record and have worked together for more than 10 years. The platform they developed truly delivers on the promise of automation to reduce the burden of SOC 2 compliance and sets companies up for continuous monitoring which is coming in the future," said Ted Wang, Partner at Cowboy Ventures.

Early customers, such as Spot by NetApp, Accel Robotics, Abnormal Security, and Chameleon have entrusted Drata to do just that, while dramatically reducing the time and costs required to obtain and maintain SOC2 compliance.

The recent rise of data breaches and data privacy concerns have put a magnifying glass over how companies handle their customers' data, specifically driving the need for SOC 2 attestation reports to be provided as a prerequisite for doing business with established enterprises.

"Drata's mission is to help companies earn and keep the trust of their users, customers, partners, and prospects. A clean SOC 2 report is independent proof that a company prioritizes the security of its customers' data," said Adam Markowitz, CEO and co-founder, Drata.

Drata's ever-growing, proprietary integration engine allows businesses to connect their cloud infrastructure, identity provider, ticketing system, version control system, developer tools, and HRIS to monitor and collect evidence of SOC 2 adherence continuously.

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