Hyperproof

Hyperproof

Compliance operations platform for risk management

About Hyperproof

Simplify's Rating
Why Hyperproof is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Enterprise Software

Company Size

51-200

Company Stage

Early VC

Total Funding

$65.5M

Headquarters

Bellevue, Washington

Founded

2018

Overview

Hyperproof provides a compliance operations platform that helps organizations manage risk and ensure compliance with various regulations. The platform centralizes compliance activities, making it easier for businesses to prepare for audits and reduce redundant work. It includes over 100 pre-built templates for compliance frameworks like SOC 2, ISO27001, and GDPR, allowing users to customize controls based on their specific needs. Unlike many competitors, Hyperproof focuses on delivering strong customer support, helping clients navigate the complexities of compliance. The company's goal is to foster trust in organizations by providing effective compliance solutions and exceptional customer experiences.

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Simplify's Take

What believers are saying

  • Expansion into Europe taps into a growing market for compliance solutions.
  • $40M growth funding provides resources for expansion and product development.
  • Partnership with Grant Thornton enhances efficiency and automation for compliance-reporting.

What critics are saying

  • Emerging competitors like Cypago could challenge Hyperproof's market share.
  • Expansion into Europe introduces risks related to complex regulatory frameworks.
  • Increasing cybersecurity regulations may raise operational costs for platform updates.

What makes Hyperproof unique

  • Hyperproof offers over 100 pre-built framework templates for compliance customization.
  • The platform centralizes compliance activities, reducing duplication and streamlining audit preparation.
  • Hyperproof emphasizes exceptional customer service to navigate compliance complexities confidently.

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Funding

Total Funding

$65.5M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Parental Leave

Home Office Stipend

Pet Insurance

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -1%

2 year growth

↑ 1%
PR Newswire
Jan 23rd, 2025
Hyperproof'S 6Th Annual It Risk And Compliance Benchmark Report Reveals An Increased Focus On Grc Maturity

BELLEVUE, Wash., Jan. 23, 2025 /PRNewswire/ -- Hyperproof, a trusted platform for operationalizing compliance and risk management, has released its 6th annual IT Risk and Compliance Benchmark Report today. Based on insights from 1,000 IT and GRC professionals, the in-depth report contains insights on trends shaping the GRC space in 2025. The standout finding in this year's survey results revealed that teams are looking to mature their GRC practices. The report's findings underscore that respondents no longer see GRC as a checkbox exercise, and instead, it has transformed into a driver of operational excellence and strategic growth. 91% of respondents have a centralized team to manage GRC, the highest number seen in the six years of this survey's deployment

Refresh Miami
Dec 29th, 2024
8+ Things To Know In #Miamitech: News From Miami Climate 365, Endeavor Miami, FĂ©lix, Botmaker, Thumzup, Blue Frontier, Hotelplanner, Plus The Top Refresh Miami Stories Of 2024

1Miami Climate Week kicking off in March Just announced: Miami Climate 365 (MC365), a new year-round cross-sector initiative aiming to advance practical solutions to environmental challenges across Miami-Dade County. It’s kicking off its work with Miami Climate Week, a week-long series of events from March 23–29, 2025. “The growing severity of climate shocks and stresses demands coordinated action to protect our communities and environment,” said David Duckenfield, program director of Miami Climate 365.Building on the momentum of South Florida’s designation as a U.S. Department of Commerce ClimateReady Tech Hub, the Knight Foundation provided $250,000 in initial funding to launch the MC365 initiative. Over the past several months, a task force has been meeting, including Francesca de Quesada Covey, chief innovation and economic development officer of Miami-Dade County and regional innovation officer of the ClimateReady Tech Hub; Duckenfield, Irvans Augustin, executive director at the Urban Impact Lab; Michael Berkowitz, executive director of the Climate Resilience Institute at the University of Miami; Michele Burger, director of the Climate Conference; Jordan de Leon, COO of the Urban Impact Lab; and Jen Posner, director of programs at the Climate Resilience Institute at the University of Miami.Miami Climate Week will feature community activations across the county, including an opening Climate Conference, to highlight innovations in climate solutions, foster broad connections and conversations, and inspire both leaders and residents to continue driving progress.2FĂ©lix and Hyperproof named Endeavor EntrepreneursThis month in Miami, Endeavor Global selected 17 entrepreneurs leading 12 companies from around the world to join its network as Endeavor Entrepreneurs. At its 101st International Selection Panel December 11-13, panels of entrepreneur judges interviewed a pool of nominated founders and evaluated their potential for high impact growth

Hosting Journalist
Oct 7th, 2024
Hyperproof Expands to Europe, Offering Data Sovereignty and Compliance

Hyperproof, an international company from Seattle, WA, delivering governance, risk, and compliance (GRC) management solutions, has officially expanded into Europe, addressing the increasing demand for compliance solutions within the region's complex regulatory framework.

Security Boulevard
Mar 6th, 2024
Hyperproof Announces Partnership with Trust Center Leader SafeBase

Hyperproof announces partnership with Trust Center leader SafeBase.

PR Newswire
Feb 22nd, 2024
Hyperproof'S 5Th Annual It Risk And Compliance Benchmark Report Reveals A Pressing Need For Unified Grc Solutions

BELLEVUE, Wash., Feb. 22, 2024 /PRNewswire/ -- Hyperproof, a leading risk and compliance management software company, today announced the publication of its highly anticipated 5th annual IT Risk and Compliance Benchmark Report. This comprehensive report delves into the insights gathered from over 1,000 IT and GRC professionals, revealing key trends and best practices shaping the GRC landscape in 2024.Hyperproof's 2024 IT Risk and Compliance Benchmark ReportThe standout finding in this year's survey results revealed that more companies than ever view GRC as a holistic process and are taking steps toward getting a complete view of their risk environment and compliance obligations. 55% of respondents view risk and compliance management as integrated activities, yet 48% of respondents struggle with the difficulty of switching between multiple systems for risk management. 70% currently use a GRC software to monitor security controls and report on compliance postures, and 28% have plans to evaluate such software in 2024. Centralizing strategy, unifying risk and compliance data, and revamping approaches to cybersecurity are all becoming popular strategic objectives among respondents, especially with the rise of AI technology dismantling barriers and fostering collaboration among various GRC functions.Other key highlights from the report include:83% of respondents have a centralized GRC program, but only 18% have tied risk and compliance activities together46% of respondents using an integrated, automated GRC tool experienced a breach vs

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