Security compliance firm Drata acquires SafeBase for $250M

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Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has acquired software security review startup SafeBase for $250 million.

SafeBase co-founders Al Yang (CEO) and Adar Arnon (CTO) will retain their roles, and SafeBase will continue to offer a stand-alone product while bringing its core solutions to Drata’s platform.

“This partnership isn’t just about combining complementary products,” Yang wrote in a post on SafeBase’s official blog Tuesday. “It’s a union of two…



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Security compliance firm Drata acquires SafeBase for $250M


Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has acquired software security review startup SafeBase for $250 million.

SafeBase co-founders Al Yang (CEO) and Adar Arnon (CTO) will retain their roles, and SafeBase will continue to offer a stand-alone product while bringing its core solutions to Drata’s platform.

“This partnership isn’t just about combining complementary products,” Yang wrote in a post on SafeBase’s official blog Tuesday. “It’s a union of two…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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