What is Hypr?
HYPR operates at the forefront of identity assurance, providing robust end-to-end identity security solutions. The company's platform combines modern passwordless authentication with adaptive risk mitigation and automated identity verification, all delivered through an intuitive user experience. HYPR's technology is designed to integrate seamlessly with existing identity and security infrastructure, enabling rapid deployment at scale for organizations navigating complex security environments. The company has demonstrated a substantial third-party validated ROI of 324%, highlighting the tangible value and efficiency gains its solutions offer to clients.
How much funding has Hypr raised?
Hypr has raised a total of $87.3M across 5 funding rounds:
Series A
$8M
Series B
$18.3M
Debt
$1M
Series C
$35M
Series C
$25M
Series A (2017): $8M with participation from RRE Ventures LLC., Mesh Ventures, RTP Ventures, and BoldStart Ventures
Series B (2019): $18.3M led by RRE Ventures, Allen & Co., Triphammer Ventures, RTP Ventures, .406 Ventures, Mastercard, Samsung NEXT, Boldstart Ventures, and Comcast Ventures
Debt (2020): $1M supported by PPP
Series C (2021): $35M featuring Allen & Company and Advent Technology Group
Series C (2022): $25M backed by RRE Ventures, .406 Ventures, Comcast Ventures, Top Tier Capital Partners, and Advent
Key Investors in Hypr
RRE Ventures
RRE Ventures is a venture capital firm dedicated to supporting founders at critical stages of their business journey. The firm invests in a diverse portfolio of startups, focusing on long-term partnerships with entrepreneurs. RRE aims to back exceptional teams and innovative ideas to foster growth and success. Their intended clients are startup founders and entrepreneurs looking for strategic investment and support.
.406 Ventures
.406 Ventures is a venture capital firm that partners with early-stage companies demonstrating home run potential, particularly in the fields of healthcare, data and AI, and cybersecurity. With nearly 20 years of experience, they focus on building strong relationships with founders to help transform their businesses into industry leaders. The firm leverages its domain-specific knowledge and extensive networks to provide support beyond just capital, acting as an extension of the founding teams. Their mission is to make a significant impact on the companies they invest in, guiding them to achieve their full potential.
Comcast Ventures
Comcast Ventures, founded in 1999, is the venture capital affiliate of Comcast Corporation. Based in North America with offices in San Francisco, New York, Philadelphia, and Los Angeles, the firm focuses on investing in consumer, enterprise, and frontier technology companies. With a 20-year track record in the venture capital industry, Comcast Ventures has built a diverse portfolio of more than 130 companies across various sectors. The firm provides capital and strategic support to both B2B and B2C businesses, particularly those in technology, finance, and operations sectors. Comcast Ventures maintains a position among the top 10 most active corporate venture capital firms in the market.
What's next for Hypr?
The substantial enterprise-level funding and recent strategic investment indicate Hypr is in a significant scaling phase, likely moving beyond its initial development and Series A stages. This capital infusion is expected to fuel further innovation in passwordless authentication and identity lifecycle management, expand its global market reach, and enhance its competitive positioning against established players in the cybersecurity landscape. The company's focus on strong ROI and seamless integration suggests a strategy geared towards enterprise adoption and long-term customer relationships.
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