Hyperproof Raises $16.5M in Series A Funding


Hyperproof, a Bellevue, Wash.-based provider of SaaS based Compliance and Security operations platform, closed $16.5m Series A financing round.

The round was led by Toba Capital with participation from existing investors. Toba General Partner, Rajan Aggarwal, will join Hyperproof’s board of directors.

The company will use the new funding to continue rapid product innovation while further accelerating market adoption across a growing set of industries and use cases.

Founded in 2018 by Craig Unger, CEO, Hyperproof provides a SaaS based Compliance Operations platform that streamlines communication and workflows between team members while automating tasks such as evidence collection, dashboard creation and reporting. The company supports more than 50 compliance frameworks and allows compliance teams to mature their compliance program as their company grows. Supported frameworks include SOC 2, ISO 27000s, FedRAMP, NIST, SOX, CSA, CMMC, and many more. Hyperproof connects with cloud services including AWS, Azure, GitHub, Okta, Jamf, Jira, ZenDesk and others.