Disruptive Software Solution and Huge Market Opportunity Attract Proven Executives to Lead Enterprise Sales, Engineering, and Marketing
A pair of experts pass along lessons learned while building out the team and processes necessary to support Starbucks’ mobile app.
Migrating data and operations to the cloud can make companies more efficient. But making sure that information, especially customers’ data, is cloud compliant can be an inefficient process. Seattle startup Shujinko announced today it raised $7.5 million in Series A funding to make that process easier.
Unusual Ventures and Defy invest in Seattle-based startup to accelerate hiring, product development, and go-to-market for its complete cloud compliance solution
Funding will be used to expand hiring and accelerate the company’s product development push
CEO Scott Schwan and CTO Matt Wells came up with the idea for Shujinko’s cloud compliance software platform while working at Starbucks.
About three years ago, Matt Wells and Scott Schwan had a huge task ahead of them. They were charged with bringing coffee giant Starbucks into the public cloud for the first time.
According to The Financial Times Group, 57% of senior-level executives rank “risk and compliance” as one of the top two risk categories they feel least prepared to address and yet, less than three-quarters (69%) of organizations are leveraging technology to support their compliance initiatives, reports KPMG.
Shujinko – yes, like the Mortal Kombat character – is emerging from stealth today after raising $2.8 million in seed funding from Unusual Ventures, Defy, Vulcan Capital, PSL Ventures and Vas Ventures.
Two pervasive trends in modern enterprise computing could work out very nicely for Shujinko. The Seattle startup is launching Tuesday with $2.8 million in seed funding after a stint inside incubator Pioneer Square Labs.