SAN DIEGO, Feb. 11, 2025 /PRNewswire/ -- Drata, the leading Trust Management platform, today announced it has entered into a definitive agreement to acquire SafeBase, the leading Trust Center solution for the enterprise. The acquisition is intended to integrate both companies' shared vision of being the go-to "trust layer" between companies-driving seamless, transparent relationships with the most comprehensive Trust Management Platform. The acquisition is expected to close later this month.
The surge in market demand for a full stack Trust Management platform is fueled by a perfect storm of increasing Cloud and AI dependency, stricter regulatory requirements like DORA, ISO 42001, and the EU AI Act, high profile breaches, and rising security risks. Maintaining customer trust through continuous compliance requires a scalable and adaptable approach to effectively address these challenges. Drata's acquisition of SafeBase is expected to significantly enhance its ability to streamline security reviews and strengthen vendor risk management, all through AI-driven automation. Together, Drata and SafeBase will create a seamless ecosystem of trust, governance, risk, and compliance (GRC).
Since SafeBase's founding in 2020 by CEO Al Yang and CTO Adar Arnon, over 1,000 organizations like OpenAI, Twilio, Crowdstrike, Hubspot, LinkedIn, T-Mobile, and one-third of the Cloud 100 have used its Trust Centers to drive approximately $15 billion in security-enabled revenue. With SafeBase, organizations can build trust through transparency and reduce time spent on inbound security questionnaires by up to 98%. Drata's meteoric growth in the past four years has also empowered thousands of organizations to radically transform compliance automation, vendor risk management, and modern GRC.
"As a pioneer of the Trust Center category, SafeBase has always been committed to addressing and solving our customers' needs through unmatched innovations in automation and AI," said Al Yang, Co-Founder and CEO of SafeBase. "Joining Drata marks another milestone in that commitment, where two customer-obsessed companies with aligned missions and cultures work together to redefine what's possible in Trust Management. This union cements our position as the leading solution for the enterprise."
"Trust is now a competitive advantage that rests on a combination of speed and tangible proof, so there's never been a more important time for organizations to prioritize compliance and vendor risk management, while eliminating the pain points within their GRC program," said Adam Markowitz, Drata Co-Founder and CEO. "Together with SafeBase, we are empowering customers to continuously ensure and proactively communicate security, compliance and trust-with unrivaled market advantage."
For more on Drata's acquisition of SafeBase, please visit: drata.com/blog/acquiring-safebase
Cooley LLP served as legal counsel to Drata, and Goodwin Procter LLP served as legal counsel to Safebase.
About SafeBase:
SafeBase is the leading, enterprise grade Trust Center Platform designed for friction-free security reviews. SafeBase automates the inbound security review process and transforms how companies proactively and transparently communicate their security and trust posture. See why leading companies like OpenAI, Wiz, LinkedIn, Asana, and Jamf choose SafeBase. www.safebase.io.
About Drata
Drata is the trust layer between great companies and those they do business with. Thousands of organizations around the globe use Drata to automate governance, risk, and compliance, resulting in a strong security posture, lower costs, and less time spent preparing for annual audits. The company is backed by ICONIQ Growth, Notable Capital, Alkeon Capital, Salesforce Ventures, Cowboy Ventures, S Ventures, Leaders Fund, Okta Ventures, SVCI, SV Angel, Intuit Ventures, and many key industry leaders. For more information, visit drata.com.
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