Hyperproof Acquires a Grand Deal of $40m investment by Riverwood Capital

Hyperproof – an innovative SaaS-based risk and compliance management company has secured a grand deal of $40m investment by Riverwood Capital.

Riverwood Capital has been interested in high-growth technology companies. Toba Capital, which is already an existing investor participated in this investment. 

The higher the development, the higher the risk of fall. Today’s business men cannot just sit back and let the downfall happen due to miniscule mistakes that they didn’t seem to notice. Especially when it comes to the security of their connection, the data, and majorly important documents. 

Hyperproof, is here to save the day for these companies. The company offers an answer by giving businesses a panoramic view of their risk and compliance postures.

It encourages stronger team collaboration and tackles inefficiencies, a common problem for expanding companies. Their platform supports over 85 frameworks such as SOC 2, ISO 27001, and GDPR, among many others.

The newly added investment will encourage hyperproof to expand their enterprise-grade offerings and innovate with advanced heuristics and artificial intelligence.

Sources have informed that Hyperproof CEO and Founder Craig Unger said, “The Hyperproof platform delivers the flexibility, customization, powerful reporting, scalability, and workflow optimization our customers need to get ahead of compliance requirements and stay relevant. We at Hyperproof are tireless champions of our customers, prioritizing their needs in every decision we make. This round of funding will empower us to grow alongside our customers and continue to offer them innovative new capabilities to meet their ever-evolving enterprise needs.”

Jeff Parks, Co-Founder & Managing Partner at Riverwood Capital, commented, “The incredible ROI of implementing Hyperproof’s platform is immediate and undeniable, and we are thrilled to partner with Craig and the impressive team he has built at Hyperproof as they mitigate this universal pain point and help companies transform compliance and reporting into a unique advantage.”