Drata
Primary category: enterprise-grc.
One-liner — Compliance automation: continuous control monitoring and automated evidence collection for SOC 2 / ISO 27001 / GDPR and 14+ other frameworks — vanta’s closest competitor.
What it does — Connects to your cloud, identity, HR, and dev stack; continuously monitors controls against compliance frameworks; auto-collects audit evidence; runs the audit workflow. Expanded via tuck-ins: SafeBase (trust centers, announced 2025-01), oak9 (code-level CI/CD controls) and Harmonize (2024). Sacra estimates 8,000+ customers and $100M+ ARR by 2025.
Naming / provenance — Single brand since founding; no renames found.
Ownership & viability — independent, VC-backed. $200M Series C announced 2022-12-07 at a $2B valuation, co-led by ICONIQ Growth and GGV Capital (Alkeon, Salesforce Ventures, S Ventures also in). No acquisition found as of 2026-07-27; at this valuation it is an IPO-or-large-acquisition candidate rather than a tuck-in target.
Positioning & differentiators — The head-to-head rival to vanta in compliance automation; both function as lightweight GRC for firms that don’t want servicenow/archer weight. Framework breadth (14+) and continuous monitoring are the pitch; SafeBase adds a customer-facing trust-center/security-questionnaire angle that overlaps vendor-risk from the vendor side.
Who should choose them / anti-fit — Fits a mid-size firm chasing SOC 2/ISO certification with a small security team. Anti-fit: a large regulated fund that already runs a heavyweight GRC system of record — Drata complements rather than replaces it.
Known weaknesses / gotchas — Like Vanta, audit/cert-flavored rather than a full risk register; AI-governance coverage thinner than the dedicated platforms.
Deployment & data handling — SaaS. Data handling specifics unverified.
Integrations & partnerships — Broad connector library (cloud, IdP, MDM, ticketing) per vendor docs; unverified in detail.
Compliance & FS traction — Unverified; customer base skews tech/mid-market.
Commercial — Pricing not public; tiered SaaS subscription.
Open questions
- Founded date / HQ not yet verified (null).
- Total funding across rounds (only Series C verified).
- FS/hedge-fund traction; certifications held (vs sold).
- Whether the survey should list Drata separately from Vanta or bundle “compliance automation” — currently listed separately.
Sources
- Drata nabs $200M at $2B valuation (TechCrunch) — fetched 2026-07-27 — supports: Series C, valuation, investors, framework breadth; confidence: high
- Drata company profile (Sacra) — fetched 2026-07-27 — supports: customer count, ARR estimate, tuck-in acquisitions; confidence: medium
- Cached:
raw/sources/2026-07-27--drata--funding-and-status.md
History
- [2026-07-27] Page created via wiki-create + researched same day (user-requested addition to enterprise-grc).