Hang on, as, we take a look at Drata’s compliance automation platform, its features, funding, and outlook for the future. This dumps hoards of Excel workbooks into file shares, email archives, and hard-drives - all with critical information about their company’s cybersecurity posture sitting in disconnected silos - a recipe for disaster,” Adam Markowitz “Many software-as-a-service companies are still using Excel with multiple workbooks and complex formulas to capture and retain crucial information about cybersecurity compliance controls. Drata has managed to get in the unicorn club with its recent successful series B funding round which was led by ICONIQ Growth. Tech companies need better, quick, and software-driven solutions to become 100% compliant with industry standards.ĭrata, a startup that helps companies get security compliance, automates dozens of processes like evidence collection and prepares for SOC 2 audits. This situation has resulted in an increased demand for compliance standards for tech enterprises. “Security is no longer just nice to have - compliance is the proof-layer between companies and those they do business with when it comes to protecting their data,” Drata’s CEO and co-founder Adam Markowitz told VentureBeat. Partly due to the explosion of data easily available online and partly because of bad actors and hackers trying to access and use sensitive information. Security breaches and data theft are some of the most prevalent incidents that online users face. Data privacy is becoming a major concern for businesses and their consumers around the world.
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