Hyperproof wants to make it easier to comply with GDPR and other regulations
As firms strive to work out how to comply with regulations like GDPR, ISO or Sarbanes Oxley, they face an enormous problem simply getting began. Hyperproof, a Bellevue, Washington startup, is launching a brand new product to assist firms construct a workflow to get them in compliance in a extra organized means.
Company co-founder and CEO Craig Unger says most firms wrestle with the complexity of compliance. It entails plenty of totally different actions and typically requires the cooperation of workers, who sometimes aren’t concerned in compliance.
Hyperproof wants to present a single place the place firms can undertake their compliance actions. “In reality, there’s no single place where if you’re a compliance officer, you can say, ‘here is where I do my work’. Here is the equivalent of my SAP system for a CFO or my CRM system for a head of sales or head of marketing — and Hyperproof is just that,” Unger defined.
He says most firms do compliance as we speak in a reasonably advert hoc means, counting on expertise like spreadsheets to observe duties, and e-mail to make requests for wanted info. What Hyperproof does is package deal all of that right into a single program. You point out what compliance routine you need to work with, and Hyperproof builds a workspace for you with the entire necessities you want for that compliance framework.
Unger says at this level, the corporate is solely placing the entire duties in a single workflow to simplify and arrange your actions round this compliance framework.You also can import a spreadsheet to get that info inside Hyperproof, or define the necessities in your personal language in this system.
“Once you have a defined program in place, you can start working with the rest of the organization in a collaborative way by sending emails. The evidence that comes back gets put inside Hyperproof as an immutable record with an audit trail around this data collection,” Unger defined. Should you get audited, you could have a central place to present the auditor your work.
The firm has focused on constructing the workflow a part of this, however sooner or later wants to add automation and APIs to join immediately to other techniques to automate lots of the actions. The purpose with the preliminary launch was to get firms a compliance framework workflow, and then construct on that sooner or later.
The firm was based final 12 months and has raised $three million from 23 angel buyers within the Seattle space the place they’re based mostly. In truth, Unger is a former Microsoft worker and additionally helped discovered Azuqua, a workflow startup he bought to Okta this 12 months for $52.5 million.