Drata Automates Security and Compliance Monitoring, Antimetal Optimizes Cloud Costs, and Metering Is an Add-on to Track Product Usage.

Hi Folks! 🙋We have the following updates for you today! 📣

• Drata automates security and compliance monitoring for companies
• Antimetal is a cloud cost optimization platform
• Metering is a free add-on to meter product usage

Drata

Drata automates security and compliance monitoring for companies, collecting evidence and streamlining workflows for audit readiness.

It is trusted by thousands of top firms, such as Notion, Airbase, Lemonade, Clearbit, BambooHR, and many more.

As per its blog, in its latest funding round, it has raised $200M in series C by Iconiq Growth and GGV Capital, valuing the company at $2 billion.

Drata is a momentum leader in cloud compliance, vendor security, privacy assessment, and IT asset management. It is first in categories like Most Implementable, Best Usability, and Best Relationship.

The company supports users from security and compliance experts who have built the product and automates the compliance journey from start to audit-ready and beyond. 

The technology also helps mature GRC teams to scale rapidly and align with business goals, enabling centralized and detailed visibility of personnel, assets, and compliance requirements that need attention. 

Drata’s platform is built by compliance and security experts and is easy to use with 75+ native integrations. It provides customization that scales with business, and the company offers compliance expertise and support to users.

Antimetal

Antimetal is a cloud cost optimization platform that helps companies make cloud savings automated, effortless, and risk-free. Companies can start saving in just a few minutes, with no code or engineering required.

This New York-based startup raised a $4.3 million seed investment for its proprietary machine-learning model that helps businesses save money on their AWS bills. The company plans to expand to other major cloud platforms, from Google and Microsoft. 

The company claims to save up to 75% on your AWS bill on Autopilot. Its AI engine continuously monitors and learns from your usage patterns to identify new savings opportunities. Its AI risk model accurately forecasts your usage, allowing you to maximize savings while still accounting for risk. 

Its unique billing pattern ensures that companies are not at stake as they have to pay only 10 percent of their cloud saving. It is even free for startups with up to 2 users.

Metering

Metering is a free add-on that allows businesses to meter their product usage and automatically submit it to Stripe. Any company using Chargebee, Recurly, Zuora, or Stripe for billing can use this add-on. It automates the entire process of gathering usage data, computing it, and syncing it with Stripe.

Instead of being constrained by their billing system, businesses may now price their items depending on their business sense. The best aspect is that it requires no programming. It saves finance and operations teams more than 12 hours monthly and eliminates manual calculation errors.

The add-on is designed for organizations with a usage-based component in their pricing and is suitable for B2B SaaS companies with difficulty converting customers. Metering.ai ensures accurate, automated, and free metering.

For more updates, check out the Latest Tech category.