What is Hypr?
HYPR is at the forefront of identity assurance, providing robust end-to-end identity security solutions. The company's platform combines passwordless authentication with adaptive risk mitigation and automated identity verification, aiming to simplify and secure the user experience. HYPR's technology is designed for rapid deployment at scale, even within complex enterprise environments, and boasts a third-party validated ROI of 324%. Its solutions seamlessly integrate with existing identity and security infrastructure, positioning it as a critical partner for organizations seeking to enhance trust and security in the digital identity lifecycle.
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 BoldStart Ventures, RRE Ventures LLC., Mesh Ventures, and RTP Ventures
Series B (2019): $18.3M led by Boldstart Ventures, Allen & Co., Triphammer Ventures, RTP Ventures, Samsung NEXT, RRE Ventures, Mastercard, .406 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 Advent International, .406 Ventures, RRE Ventures, Top Tier Capital Partners, and Comcast Ventures
Key Investors in Hypr
BoldStart Ventures
Boldstart Ventures is a venture capital firm that partners with bold technical founders to build autonomous enterprise companies from inception. They focus on collaborating with founders before company creation, leading pre-product funding rounds, and leveraging their early adopter network to transform innovative ideas into successful businesses.
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.
RTP Ventures
RTP Global is an early-stage venture capital firm, backing the founders who use technology to reimagine how the world works. Since 2000, RTP Global has made over 110 investments worldwide, with one in 10 becoming multi-billion dollar companies.
What's next for Hypr?
With its substantial enterprise-level backing and recent strategic investment, Hypr is poised for accelerated growth and market expansion. The company's focus on passwordless authentication and comprehensive identity lifecycle management addresses a critical need in today's cybersecurity landscape. Future developments are likely to center on further enhancing its adaptive risk mitigation capabilities, expanding its integration ecosystem, and solidifying its position as a leader in enterprise identity security. The ongoing investment signals strong confidence in Hypr's strategy to redefine secure and user-friendly identity solutions.
See full Hypr company page
