New York-based passwordless firm HYPR recently said that it had obtained an additional $25 million in Series C funding, bringing its total funding to $97 million.
Through Advent Tech, the company’s specialised global technology fund, Advent International led the round with participation from existing investors. Top Tier Capital, Comcast Ventures, 406 Ventures, and RRE Ventures are some investors.
The money will be used to broaden HYPR’s go-to-market plan and R&D projects and to further the company’s mission to “Fix the Way the World Logs In.”
A pioneer in passwordless authentication, HYPR has made remarkable strides during the last 24 months.
The solution from HYPR offers a constant passwordless authentication experience regardless of how varied a customer’s architectural design may be.
With uncompromised assurance and a consumer-grade experience, HYPR’s True Passwordless MFA solution eliminates the traditional trade-off between security and user experience by separating authentication from the organization’s identity suppliers.
By eliminating passwords and doing installations in hours rather than weeks or months, businesses can decrease the risk of a cyber attack, increase user satisfaction, and cut operating costs.
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