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Drata Celebrates Four Remarkable Years in GRC

Drata, a pioneering force in trust management, recently celebrated its fourth anniversary, marking a significant milestone in its journey toward redefining governance, risk, and compliance (GRC). With the remarkable achievement of surpassing $100 million in annual recurring revenue (ARR), the company exemplifies its commitment to modernizing the approach toward GRC across various sectors.

In just one year, Drata has seen exceptional growth, with a staggering 60% increase in global revenue. The company has attracted over 2,500 new customers, bringing the total to more than 7,000 globally. This expansive growth reflects Drata's continuous innovation and strategic direction, making it a go-to platform for organizations like Abnormal Security, Tenable, and Kandji.

As businesses increasingly recognize the essential role of GRC, Drata stands at the forefront, integrating automation and artificial intelligence (AI) to transform how enterprises perceive and manage their risks. The platform enables organizations of all sizes to foster a culture of security and awareness, ensuring that they maintain ongoing trust with their clients.

Drata's journey has been punctuated by significant milestones. Their latest fiscal year showcased:

• - Revenue Growth: Achieving a remarkable 60% year-over-year increase in global revenue.
• - Customer Acquisition: Welcoming more than 2,500 new customers, marking a growth to over 7,000 clients worldwide.
• - Global Expansion: The company reported over 70% growth in the EMEA region, complemented by the establishment of a new data center in Australia to bolster its presence in the Asia-Pacific market.
• - Product Innovations: They launched hundreds of new features, including Compliance as Code, Vulnerability Monitoring, and numerous frameworks like DORA and NIS 2.
• - Strategic Acquisition: The acquisition of SafeBase to create an even more integrated ecosystem of trust, compliance, and risk management solutions.

According to Nathan DeGarmo, Senior Information Security Engineer at Tenable, “GRC is incredibly vital to Tenable's operations, ensuring our organization maintains the highest level of data protection standards for over 44,000 customers.” He further remarked on how Drata’s platform allows Tenable to turn GRC into a business enabler by simplifying historically tedious processes.

In the words of Adam Markowitz, the CEO and Co-Founder of Drata, “In just four short years, Drata has reinvented GRC by integrating a critical layer of trust management.” Markowitz attributes their growth from $1 million to $100 million in ARR within a span of just three and a half years to the dedication of their passionate team and the trust that thousands of customers place in them.

As Drata embarks on its fifth year, the company is gearing up to expand its global footprint further. With exciting new features and offerings in the pipeline, Drata aims to make risk and compliance more accessible and automated than ever. As businesses navigate increasingly complex regulatory landscapes, the demand for robust GRC solutions continues to rise, and Drata is poised to lead the charge.

For further insights on Drata's anniversary, visit their blog.

About Drata

Drata serves as a critical trust layer between leading organizations and their stakeholders. Thousands of companies worldwide leverage Drata's platform to automate governance, risk, and compliance, enhancing security stances while reducing costs and audit preparation time. Backed by renowned investors like ICONIQ Growth and Salesforce Ventures, Drata is committed to leading the GRC charge forward.

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