"Drata continues its 3.5 years of extraordinary growth and has refined its organizational structure, reducing its workforce by 9%. This strategic move aims to enhance operational efficiency and drive sustainable growth as the company charts its course toward a potential IPO in the future."
"While layoffs have continued to plague the tech industry in 2024, Drata reported some impressive growth metrics just seven months back, claiming 100% revenue growth year-on-year and adding 650 new customers each quarter."
"Drata integrates with dozens of clouds, SaaS apps, developer tools, and security systems, helping businesses collate the necessary evidence to prove that their data privacy and security practices are in order."
"Notably, Drata also increased its headcount by 52% across seven countries over the previous year and has made strategic acquisitions including Harmonize and Oak9 to drive future growth."
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