There are so many businesses out there. Each one has a role to play in the business industry. One such niche is security. This is a vital and important area of business. Whatever you are tasked with guarding, many people are relying on you to not screw it up.
Thankfully, there are businesses that create their own security platforms to help other businesses. Just one of many security platforms out there is Drata. The article today will be all about what Drata is and who is the
CEO of Drata, a company based in San Diego, California. With that being said, let’s get started!
What is Drata?
Drata is a security platform that focuses on audits and maintaining compliance. This means they work on reducing costs, saving time, and other things to make it easier.
They call themselves “the world’s most advanced security and compliance automation platform”. Their mission is to “help companies earn and keep the trust of their users, customers, partners, and prospects”.
Drata has assisted in helping thousands of companies streamline compliance such as ISO, HIPAA, and more. The company is backed by several businesses such as Alkeon, GGV Capital, SVCI, Cowboy Ventures, Leaders Fund, and more.
Drata was able to raise $200 million in a Series C round of funding with GGV Capital and Iconiq Growth. The company was then valued at around $2 billion. Drata was able to hit unicorn status by getting $100 million in a Series B funding round.
How Does Drata Work?
Today, businesses have to be on top of their game. There are all sorts of security issues that need to be addressed. Hackers, foreign interests, cybercrime, AI, and more. Because of this, companies need to have reliable and regulated security to protect not just their own interests, but those of their customers and clients.
“When you factor evolving threats to data and increasing privacy regulations, security and compliance are now essential to an organization’s infrastructure,” Drata co-founder and CEO Adam Markowitz explained, “It becomes even more vital for fast-growing companies when you consider other countries have varying preferences toward unique compliance frameworks, standards or regulations. The more compliance becomes normalized, companies can no longer afford to ignore or avoid it, and those that embrace it need a way to do so scalably with automation.”
Who is the CEO of Drata?
Adam Markowitz is a co-founder and CEO of Drata. Prior to this, the San Diego native graduated with a BS in Structural Engineering from UC San Diego. He also graduated with an MS in Astronautical Engineering from the University of Southern California. For close to a decade, Markowitz worked as an aerospace engineer, testing liquid rocket engines for NASA.
He would go on to find and be the CEO of Portfolium. This company was responsible to help students get connected with their learning through opportunity. Portfolium served millions of students across over 3,600 colleges. In 2019, Portfolium would be acquired by Instructure.
During his time with Portfolium, it was the handling of student data and giving it to universities and colleges that helped prove efficiency with his security operations. This inspired him to help create Drata.
Since its creation, Drata has been one of the fastest-growing companies to get a $1 billion valuation. The success was in bringing on 100 customers in the first 45 days. Markowitz also brings up that values, behavior, and trust are what made it so successful.
Conclusion
Drata’s future is seeking to expand its compliance automation to other frameworks. It also seeks to continue to be customer-centric while adding new features to solve customer problems.
It is clear from Markowitz that he had a dream and went for it. Having a dream to be an astronaut, he worked hard to get a degree in aerospace engineering. By showcasing his relevant work, he got the job. Inspired by that and his dream job, he created Portfolium to help other students. Then, he went on to help create Drata.
Markowitz is a dreamer and someone who commits to his goals through action. One can take a lot away from what he has done. If you want to follow in his footsteps of being a successful businessman and leader, then you need to have a dream that can get you there.
Markowitz capitalized on trust. Customers trust him with their interests and that he will help them to the best of his ability. Focus on something crucial like that when it comes to business. By focusing on an important factor and backing it up with excellent work, then you can see yourself as a successful leader in no time.
