Leaders Fund Initial Investment: Seed
Trust is at the centre of everything we do. Without it, no business can succeed, and to earn it, businesses must prove that they are operating with it. For technology providers, SOC-2, ISO, and HIPPA have become the global certifications by which companies showcase their compliance to earn their customers’ trust. However, compliance is incredibly burdensome, expensive, and distracting for companies to achieve and maintain. Drata co-founders Adam Markowitz, Troy Markowitz, and Daniel Marashlian set out to help businesses establish trust by achieving and maintaining necessary security certifications (SOC2, ISO, etc.) while dramatically reducing the effort to reach and maintain compliance. Today, in addition to SOC 2, they support ISO 27001, PCI, HIPAA, GDPR and CCPA. Since we invested in their Seed round, Drata has raised $325 million, and was most recently valued at $2 billion.