ICONIQ Capital Leads Series B Round in Drata

Posted on 11/08/2021

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ICONIQ Capital led a Series B investment round in San Diego-based Drata Inc. Founded in the middle of 2020, Drata is a security and compliance automation startup. Drata raised US$ 100 million in this round giving it a US$ 1 billion valuation. Other investors in the Series B round include Salesforce Ventures and insiders GV Capital (part of Alphabet), Cowboy Ventures, and Leaders Fund.

Drata emerged from stealth mode and was able to raise US$ 3.2 million in seed funding in January 2021. Drata then raised US$ 25 million in a Series A round in June 2021.