Continuous security and compliance automation platform competing head-to-head with Vanta
Drata is the #2 player in compliance-as-a-service after Vanta, with strong traction among mid-market and enterprise customers. Founded by Adam Markowitz (ex-Portfolium CEO) who built it after experiencing the pain of SOC 2 audits firsthand. Differentiates with deeper continuous monitoring and customizable framework support.
Enterprise📍 San Diego, CAFounded 2020
Current Valuation
$2.0B
as of 2022-Q4
UNICORN
QL Price
$1.8B
-8% vs last round
QuantLogix's current estimate for Drata, published 2026-10-07 — below the last disclosed round of $2.0B (2022-Q4).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$2.0B
2022-Q4
weight 0.07
Secondary market print
$1.8B
2026-06-27
weight 0.54
How this price has held up
No round has priced for Drata since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Drata, 2026-10-07 (103e1ee65b9dbf1b).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Drata going public?
No. Drata has no imminent IPO plans on record. It is still private.
What is Drata's valuation in 2026?
Drata is valued at $2.0B as of 2022-Q4, set by its Series C ($100M, Sep 2023). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Drata filed an S-1?
No public S-1 is on file for Drata.
Who are Drata's investors?
Drata's investors include ICONIQ Growth, GGV Capital, Cowboy Ventures, Salesforce Ventures, Y Combinator, S Capital.
How much has Drata raised?
Drata has raised $328M in total, most recently a Series C of $100M in Sep 2023.
Is Drata publicly traded — can you buy Drata stock?
No. Drata is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Drata on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Adam Markowitz
Founded
2020
HQ
San Diego, CA
Employees
~500
Total Raised
$328M
Last Round
Series C — $100M (Sep 2023) · Lead: ICONIQ Growth
IPO Status
no imminent plans
Fundraising Status
Series C · $100M · 3y 1mo ago
no imminent plansTotal raised $328M
Secondary Market
Implied price / share
$17
Last round price / share
$18.64
vs last round
-8.8%
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series C
$100M
Sep 2023
ICONIQ Growth
—
Talent Signal
Hiring trend
▼ Hiring downtrend
-25% vs 2026-08
Open roles
41
via ashby
Product-build share
39%
engineering, research, product, design
Trajectory
strengthening
balanced build + GTM — 39% builders vs 61% go-to-market/G&A — scaling both sides.
Recent senior hire: 1 senior hire (CFO); open roles trending down.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Key Executive Moves
INAneal VallurupalliCFO · 2026-09-14
From trusted-source news extraction (deep-enrich pipeline); dates approximate publication, not effective date.
Senior Software Engineer 2Senior Product Manager 2, AssuranceSenior IT EngineerSenior AI Product Engineer 2, AuditStaff Platform Engineer, InteroperabilitySenior Data Engineer
Counted from Drata's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Adam MarkowitzDaniel MarashlianTroy Markowitz
Investors
ICONIQ Growth · GGV Capital · Cowboy Ventures · Salesforce Ventures · Y Combinator · S Capital
Products
SOC 2 / ISO 27001 / HIPAA automation
Drata Trust Center
Risk Management
Vendor Risk
Competitors
Vanta · Secureframe · Hyperproof
ComplianceSecurityGRC
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q4. Refreshed quarterly.