# Hyperproof

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyperproof

- Industry: Software
- Headquarters: Seattle, US
- Website: www.hyperproof.io
- Total disclosed funding: $17M
- Latest round: Series A (Oct 20, 2021)
- Investors on record: 1

## About

Hyperproof Inc. is a US-based company specializing in automated security and compliance software, designed to streamline compliance operations and enhance risk management across various industries.Founded in 2018 and headquartered in Seattle, US, Hyperproof Inc. provides compliance and risk management solutions. The company has completed 6 deals, with its most recent funding round being a Series B that raised USD 30.00 mn on August 9, 2023, bringing the total amount raised to USD 30.00 mn and establishing a current company valuation of USD 180.31 mn. The CEO, Craig Unger, leads the organization.Hyperproof offers a comprehensive suite of automated security and compliance software designed to enhance compliance operations and risk management across various industries. The core product facilitates the orchestration and automation of compliance controls, streamlining the processes associated with audit management and risk operations. Hyperproof's platform integrates with existing workflows, allowing users to manage compliance tasks efficiently while centralizing control data and automating the creation of trust centers. The software targets various sectors, including healthcare, technology, fintech, aviation, and manufacturing. It serves a diverse customer base that includes organizations striving to meet rigorous compliance standards, such as SOC 2, ISO 27001, and GDPR. The solutions are deployed in markets including North America, Europe, and parts of Asia, addressing the specific compliance and risk management needs of businesses operating within these regions.Hyperproof generates revenue through a subscription-based model, where clients pay for access to its suite of compliance and risk management tools. Businesses engage with Hyperproof under annual contracts, with pricing varying based on service levels and user counts. The firm offers tiered pricing plans that cater to different organizational sizes and compliance requirements. Flagship offerings, such as compliance automation tools and security questionnaire response capabilities, are central to client transactions, providing essential solutions for managing compliance workloads. Additionally, partnerships with industry organizations may enhance their market reach and provide integrated solutions, solidifying Hyperproof's position within the compliance software market.In August 2023, Hyperproof Inc. raised USD 30.00 mn in Series B funding from unspecified investors. The company plans to utilize this funding to develop new products and expand its market reach. Specific upcoming product launches and enhancements are currently in the design phase, with anticipated releases aimed at enhancing their existing offerings. Hyperproof also targets expansion into new geographic regions, particularly in Europe and Asia, within the next year, as part of its growth strategy.

## Funding rounds

- Series A, Oct 20, 2021, $17M — Toba Capital

## Investors

- Toba Capital (https://capitalatlas.ai/funds/toba-capital) — Series A