Drata has acquired the software security review startup SafeBase for $250 million, aimed at strengthening compliance automation in frameworks like SOC 2 and GDPR. SafeBase, co-founded by Al Yang and Adar Arnon, offers tools that simplify filling out security questionnaires through AI-driven automation. The acquisition allows SafeBase to maintain its standalone product while integrating with Drata's platform. This comes amid rising demand for trust management solutions, highlighting the increasing complexities of managing data privacy with third-party access and evolving regulations.
Drata, a security compliance automation platform, acquired secure software review startup SafeBase for $250 million, enhancing their offerings in trust management solutions.
The partnership between Drata and SafeBase is centered on customer-centric missions, focusing on delivering essential tools for enterprises to thrive in compliance challenges.
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