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…