Security compliance unicorn Drata lays off 9% of its workforce

Quick Summary:

Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has laid off 9% of its workforce, amounting to 40 people.

Founded in 2020, Drata integrates with dozens of clouds, SaaS apps, developer tools, security systems, and more, helping businesses collate the necessary evidence to prove that their data privacy and security practices are in order.

Peak XV Partners, the largest India-focused venture fund, has realized about $1.2 billion in exits since it separated from Sequoia last year.Social WordPress.

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Article Details

Author / Journalist: Paul Sawers

Category: Technology

Markets: United StatesIndia

Topics: Enterprise Layoffs Drata Exclusive

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 20:06:00 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 980 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22735834

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