Integris Software Addresses the Challenge of Data Privacy

The local startup tracks data going in and out of a company.
| FROM THE PRINT EDITION |
 
 

KEY TO SUCCESS. Kristina Bergman started Integris Software to help other companies keep their data secure.

This article appears in print in the November 2018 issue. Click here for a free subscription.

As a venture capitalist with Ignition Partners, Kristina Bergman looked for patterns that suggest emerging needs, and then tried to find companies that address those needs.

Three years ago, she saw just such a pattern: Large companies faced an explosion of diverse data and no good way to identify and control it. Meanwhile, companies were facing stiffer contractual obligations regarding data privacy, and Europe had introduced regulations that could subject violators to heavy jail time and fines of up to 4 percent of global revenues.

Bergman couldn’t find a company addressing those challenges, so she set out to build her own. She interviewed executives at 15 Fortune 1000 companies to find out what kind of technology was required to address their problems, and how much they would pay for that technology.

Her company, Integris Software, has an automated “platform” that tracks data going in and out of a company, identifies data that relate to privacy, interprets the law and the company’s contractual obligations, and makes sure the company fulfills those obligations.

“Data flows like water,” says Bergman. “It’s highly available, highly replicable.” Integris can help secure that flow, for example, by automatically encrypting credit card numbers it encounters. The technology has been adopted by many established companies, including the Seattle law firm Perkins Coie. With that kind of traction, Bergman has already raised $13 million.

“We invested in Integris because they were the only company that had the technology to operate at the scale and level of automation required to support a successful compliance strategy,” says Mark Kraynak, a partner at Aspect Ventures, the lead investor in Integris.

“We didn’t need the money,” Bergman says of her oversubscribed financing round, “but I knew [Kraynak] would be a value add. Given his background and knowledge of the privacy space, he was the right partner at the right time.”

Related Content

Funding will be used to expand hiring and accelerate the company’s product-development push

Funding will be used to expand hiring and accelerate the company’s product-development push

The state ranked third nationwide in tech employment

The state ranked third nationwide in tech employment

The blockchain company recently took home the gold in Seattle Business’ 2019 Tech Impact Awards

The blockchain company recently took home the gold in Seattle Business’ 2019 Tech Impact Awards

Seattle startup Picnic developed the cloud-powered pizza-production platform as a food-service solution for businesses large and small

Seattle startup Picnic developed the cloud-powered pizza-production platform as a food-service solution for businesses large and small