SAN DIEGO, CA, Drata, a security and compliance automation company, announced $100 million in Series B funding led by ICONIQ Growth, with additional investments from Alkeon Capital and Salesforce Ventures.

Existing investors GGV Capital, Cowboy Ventures, and Leaders Fund also participated in this round.

Drata's Series B funding makes the SaaS company one of the fastest ever to achieve a $1 billion valuation.