Drata, a trust management platform, announced several milestones, including its fourth year since launch. Over the past fiscal year, the company has achieved rapid growth with $100 million annual recurring revenue (ARR), a major benchmark in its commitment to modernizing governance, risk, and compliance (GRC).
With an expanding base of over 7,000 global customers, Data has solidified its leadership in Cyber GRC for organizations such as Abnormal Security, Tenable, and Kandji. Driving an automation-led approach augmented by artificial intelligence (AI), Drata empowers companies of all sizes to develop a more secure, proactive, and risk-aware organization while maintaining customer trust.
Drata’s latest fiscal year underscores its position as the go-to platform for modern GRC:
1.) Revenue – Achieved 60% year-over-year global revenue growth.
2.) Customers – Added 2,500+ customers, bringing the total to more than 7,000 customers worldwide.
3.) Global Expansion – Achieved over 70% growth in the EMEA region, along with a new data center in Australia to continue investment in the APAC market.
4.) Product Innovation – Launched thousands of new features and enhancements, such as Compliance as Code, Vulnerability Monitoring, and frameworks, including DORA, NIS 2, and ISO 42001.
5.) Acquired SafeBase to create a seamless ecosystem of trust, compliance, and risk management solutions.
As Drata enters a fifth year in business, the company remains steadfast in its commitment to build trust across the cloud. And with new features and offerings on the horizon, the Drata looks to further increase its global presence and workforce, while making risk and compliance accessible, continuous, and more automated than ever before.
KEY QUOTES:
“GRC is incredibly vital to Tenable’s operations, serving as a pillar of trust and ensuring our organization maintains the highest level of data protection standards for over 44,000 customers. Drata’s platform allows us to turn GRC into a business enabler, operate with a holistic view of our risk and compliance posture, and simplify historically tedious and manual processes.”
– Nathan DeGarmo, Senior Information Security Engineer, Tenable
“In just four short years, Drata has reinvented GRC by integrating a critical layer of trust management. Our success reflects not only the demand for automation but also the trust our thousands of customers place in us. To grow from $1 to $100 million ARR in 3 and a half years requires a dedicated, passionate team; we are grateful for the wider Drata ecosystem that we have built and welcome the challenge of continuing to modernize GRC.”
– Adam Markowitz, CEO and Co-Founder of Drata
