Drata Marks Four Years of Innovation in Governance, Risk, and Compliance with $100 Million Milestone

Celebrating Four Years of Drata: A New Era for Governance, Risk, and Compliance

Drata, a leading trust management platform founded in 2021, is marking its fourth anniversary this year, showcasing impressive growth and accomplishments in the realm of governance, risk, and compliance (GRC). With a remarkable milestone of exceeding $100 million in annual recurring revenue (ARR), Drata has set a high standard in the industry, reflecting its commitment to modernizing GRC practices for organizations around the world.

Rapid Growth and Global Presence

In the past year alone, Drata's revenue experienced an astounding 60% growth compared to the previous year, signaling the increasing demand for its innovative solutions. The company added over 2,500 new customers, boosting its total customer base to more than 7,000 globally. This expansion has particularly been significant in the EMEA region, where there was a 70% increase in growth. Recognizing the importance of the APAC market, Drata opened a new data center in Australia to enhance its service delivery in this region.

Cutting-Edge Features and Product Innovations

Drata continues to push the envelope on product innovation by launching thousands of new features and enhancements designed to streamline the GRC process. Notable among these are the introduction of 'Compliance as Code', 'Vulnerability Monitoring', and support for frameworks like DORA, NIS 2, and ISO 42001. These advancements, coupled with the acquisition of SafeBase, position Drata to offer a comprehensive ecosystem of trust, compliance, and risk management solutions that are increasingly automated and accessible.

Acknowledging Industry Partnerships

Drata has successfully secured its position as the preferred platform for many industry leaders, notably organizations like Abnormal Security, Tenable, and Kandji. According to Nathan DeGarmo, Senior Information Security Engineer at Tenable, Drata's platform has transformed GRC into a functional business enabler, integrating essential trust management capabilities that simplify complex and overwhelming tasks. This integration allows businesses to seamlessly align their risk management strategies with overarching operational goals.

Looking Ahead: Commitment to Trust and Expansion

As Drata embarks on its fifth year of operations, it expresses profound gratitude towards its dedicated team and customer base for driving its success. Adam Markowitz, CEO and Co-Founder of Drata, emphasizes that the company's remarkable growth from $1 million to $100 million ARR in merely three and a half years is a testament to the increasing reliance on automated solutions in GRC. With a keen eye on the future, Drata is steadfast in its mission to build lasting trust across cloud infrastructures.

The company intends to roll out new features and expand its workforce, ensuring that risk and compliance processes remain efficient, continuous, and more automated than ever before. For further insights into Drata's four-year journey and future plans, visit their blog at drata.com/blog/fy25-momentum.

About Drata

Drata serves as the vital trust layer connecting businesses with their stakeholders. Thousands of organizations leverage Drata to automate their governance, risk, and compliance operations, resulting in a fortified security posture, reduced operational costs, and significantly less time spent on annual audits. The company has garnered extensive backing from industry leaders such as ICONIQ Growth, Salesforce Ventures, and Intuit Ventures, solidifying its reputation as a pioneer in trust management. For additional information, explore drata.com.