Funding will be used to expand hiring and accelerate the company’s product development push
BY: Bill Conroy
Seattle startup Shujinko, a provider of cloud-compliance software, has hauled in $7.5 million as part of a Series A fundraising round that will be used to develop its SaaS platform, which serves customers seeking to move older databases to the cloud or launch new ones while maintaining compliance standards.
The company hit the market last year after raising $2.8 million in a seed-funding round after spinning out of the Pioneer Square Labs incubator. The latest funding round was led by Unusual Ventures and included participation from Defy, both of which participated as investors in the company’s seed round, according to Crunchbase and GeekWire.