The startup develops automated privacy management software that enables organizations to manage compliance with global regulations such as GDPR through a centralized web-based platform accessible on any device. This solution addresses the complexities of privacy regulation adherence, streamlining data protection processes and reducing the risk of non-compliance penalties.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations face increasing complexity in managing compliance with global data protection regulations like GDPR, NIS2, and ISO 27001. Fragmented data protection and information security processes lead to inefficiencies, increased risk of non-compliance penalties, and difficulty maintaining a sustainable GRC (Governance, Risk management, and Compliance) program.
Solution
Wired Relations offers a centralized, web-based GRC platform designed to streamline data protection and information security management. The platform enables organizations to automate workflows, connect data across multiple regulations and frameworks, and foster collaboration between compliance, IT, procurement, and system owners. By providing a comprehensive overview of systems, vendors, and processes, Wired Relations helps businesses establish a sustainable GRC program that reduces the risk of errors and ensures continuous compliance. The solution simplifies complex tasks such as RoPA (Records of Processing Activities) generation, SoA (Statement of Applicability) documentation, risk assessments, and incident reporting.
Target Audience
The primary target audience includes data protection officers (DPOs), compliance managers, information security teams, and other professionals responsible for managing GRC within organizations of all sizes.
Features
- Automated RoPA and SoA document generation
- Task management with notifications for due dates and assignments
- Vendor management module for assessing and monitoring third-party risks
- Risk assessment tools to identify and mitigate potential data breaches
- Incident management system for tracking and resolving security incidents
- User management features with role-based access control
- Workflow automation for key GRC processes
- Integration capabilities for seamless data exchange with other business systems