Hyperproof provides a system of record for compliance data paired with collaboration and work management to automate non-strategic compliance tasks across about 85 frameworks, including FedRAMP. The platform includes modules for risk management, compliance operations (automated evidence collection), audit management, and vendor risk management. It integrates with AWS, Google Cloud, GitHub, Cloudflare and task management apps like Jira, Asana and ServiceNow, and leverages heuristics and AI to reduce duplicate work and connect user data to compliance regimes. Hyperproof reports that "hundreds" of companies use its software, including Motorola, Nutanix and 3M; its customer base is 130% larger year-over-year and revenue grew 260% year-over-year. Founded in 2018, the company says the product saves teams time and money by increasing collaboration and visibility into risk posture. Hyperproof plans to expand its platform and grow its roughly 100-person team, focusing on product development, customer success, marketing and engineering, while broadening go-to-market efforts into new verticals and locales and amplifying partnerships. Founded in 2018 by Craig Unger (CEO), Hyperproof provides a SaaS Compliance Operations platform that streamlines communication and workflows while automating tasks such as evidence collection, dashboard creation, and reporting. The platform supports more than 50 compliance frameworks, including SOC 2, ISO 27000s, FedRAMP, NIST, SOX, CSA, and CMMC. Hyperproof connects with cloud and productivity services such as AWS, Azure, GitHub, Okta, Jamf, Jira, and Zendesk. The company plans to use new funding to continue rapid product innovation and to accelerate market adoption across a growing set of industries and use cases. Hyperproof serves compliance teams aiming to mature programs as their companies grow. Financially, the company completed a $16.5M Series A round to support these efforts. Hyperproof builds compliance-operations (“comops”) software to help companies meet state and international privacy and data-protection laws, including CCPA and GDPR. The company launched in 2018 and began selling and marketing its product about a year ago. Hyperproof has more than 50 customers and 35 employees and reports strong revenue expansion among initial customers coming up for renewal. The startup is using the new capital to build additional enterprise product capabilities and to expand go-to-market efforts in sales, partnerships and marketing. It is also developing tools specifically aimed at larger enterprises that need to comply with CCPA and GDPR. The company is led by founder and CEO Craig Unger and is based in Bellevue, Wash. Hyperproof builds a centralized workflow platform that organizes and tracks company compliance programs for frameworks such as GDPR, ISO, and Sarbanes-Oxley. The product creates a workspace with required controls and tasks, lets users import spreadsheets or define requirements in their own language, and consolidates evidence into immutable records with audit trails. Today the company focuses on packaging compliance tasks into a single collaborative workflow and uses email-based requests to gather evidence from employees. In future releases Hyperproof plans to add automation and APIs to connect directly to other systems and automate many compliance activities. The company was founded last year and is based in Bellevue, Wash. It has raised $3 million from 23 angel investors in the Seattle area. CEO and co-founder Craig Unger is a former Microsoft employee and previously co-founded Azuqua.

Total raised

$64M

Funding rounds

4

Latest round

Equity

Latest activity

Aug 2023