In our conversations with leaders at a variety of businesses, we commonly hear terms like “tedious” and “never-ending” to describe these debilitatingly archaic approaches to protect against bad actors.
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To help manage these risks, businesses are increasingly strengthening their security postures by requiring that their vendors, partners, and customers adhere to security compliance frameworks like SOC 2, ISO 27001, HIPAA, PCI DSS and more. ICONIQ Growth is thrilled to partner with Drata to lead their $100 million Series B financing as they continue their relentless efforts to transform how all businesses-from small teams to public companies-manage compliance and security.Īs we spend more of our lives online, threats to security and privacy will only accelerate. What they brought is Drata – a company we believe is the category-leading pioneer focused on revolutionizing compliance automation. Their bold vision was to put compliance and security on autopilot. Leveraging several years of experience building companies together, we believe this team rows together at an unparalleled pace, exhibiting outstanding execution. After experiencing the cumbersome process to achieve and maintain SOC 2 certification at Portfolium ( Instructure), Adam Markowitz, Daniel Marashlian and Troy Markowitz were motivated to tackle the compliance problem head-on. We are enamored and deeply impressed with the team’s vision, focus, and execution compared to others we’ve seen in the market. We could not be more excited to help Drata drive increased security compliance and transparency in today’s increasingly complex and distributed infrastructure environments. We are thrilled to partner with Adam, Troy, Daniel and the entire Drata team to help enterprises tighten their security posture through Drata’s cloud automation platform that brings simplicity, efficiency and control back to companies.
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