Hyperproof, a continuous compliance platform, has scored $3m in funding to help it increase its marketing and sales activities.
The round was backed by 15 unnamed angel investors.
With the fresh line of capital, the company hopes to scale up its operations, increase research and development efforts and accelerate its marketing and sales efforts.
Hyperproof helps compliance teams to collect evidence and collaborate with stakeholders to keep compliance controls up-to-date. Its dashboard helps companies better prepare for compliance audits and to standardise and manage their compliance operations. The technology can help firms meet requirements for SOC2, GDPR, CCPA, HIPAA, PCI DSS and more.
In addition to the close of the new round, the company has released new remote assessment capabilities to help teams which now have to work remotely due to the coronavirus. The new service integrates with video-conferencing services, including Zoom, and enables them to collaborate on their compliance programs, controls and evidence, remotely.
It has also made its compliance services for the California Consumer Privacy Act (CCPA) and The General Data Protection Regulation (GDPR) available for free during the coronavirus pandemic.
Hyperproof CEO and founder Craig Unger said, “Compliance with data privacy regulations can feel like an additional burden—especially as we all work quickly to protect our communities.
“As organizations take measures to prevent the spread of COVID-19, new compliance challenges emerge, so it’s important to remain diligent. We aim to ease the burdens of compliance that weigh on organizations so that its leaders can focus on what’s needed most—responding to the many facets of this crisis and running their business.”
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