Seattle Tech Startup Shujinko Raises $7.5M a Year After Successful $2.8M Seed Round

Funding will be used to expand hiring and accelerate the company’s product-development push
Updated: Tue, 10/08/2019 - 09:59
 
 
  • Funding will be used to expand hiring and accelerate the company’s product-development push

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.

The company promotes its platform as unifying “cloud compliance know-how with automation to make compliance and audits fast and easy.” 

“The current way our customers prepare for their audits is antiquated, time-consuming and painful,” says Scott Schwan, chief executive officer and co-founder of Shujinko. “We are building software to simplify and automate compliance in the cloud, enabling our customers to save thousands of hours, and accelerating cloud compliance to match the speed of modern cloud development.”

Matt Wells, chief technology officer and co-founder of Shujinko, says the new funding round will allow the company to continue to hire leading engineering talent. “If you are interested in solving tough problems and want to work in a vibrant and fast-paced engineering team, we are hiring,” he says.

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