Cypago, which aims to automate compliance and governance for companies, raises $13M

There’s a growing number of cybersecurity regulations designed to keep business and customer data protected. In 2022 alone, over 40 U.S. states introduced 250 bills focused on cybersecurity, according to the National Conference of State Legislatures. And more are on the way.

The trend’s a clear win for consumers. But some firms are struggling to keep up with the emerging standards and certifications. According to one survey, 63% of companies — concerned about the consequences of noncompliance — plan to spend more money this year on compliance and risk.

That’s been to the benefit of startups like Cypago, which attempts to automate cybersecurity processes and workflows around cyb...

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