HYPR Corp. Raises $30M to Fight AI Security Threats
June 6, 2024, 3:52 pm
Location: United States, Washington, Bellevue
Employees: 201-500
Founded date: 2007
Total raised: $30M
Passwordless security company HYPR Corp. has secured $30 million in funding to combat the growing threat of artificial intelligence-driven credential-based attacks. Founded in 2014, HYPR offers a decentralized authentication platform to keep personal credentials safe on individual devices. The company's mission is to enhance security for leaders, employees, and customers by building trust in the identity lifecycle.
HYPR's platform combines passwordless authentication with adaptive risk mitigation, automated identity verification, and a user-friendly experience. By eliminating the need to store credentials centrally, HYPR reduces the risk of large-scale data breaches. The platform uses advanced public key cryptography to secure various forms of authentication, such as passwords, PIN numbers, and biometrics.
With a 77% increase in customers year-over-year, HYPR serves Fortune 50 companies and a top U.S. bank. Partnerships with companies like Charles Schwab and strategic alliances with CrowdStrike, Yubico, and Microsoft demonstrate HYPR's commitment to providing secure and seamless authentication solutions.
The recent funding round, led by Silver Lake Waterman, validates HYPR's passwordless authentication solutions and identity verification products. With a total of $127 million raised to date, HYPR continues to innovate and lead the fight against AI security threats.
In a world where generative AI poses escalating risks, HYPR's focus on customer information security is crucial. By partnering with industry leaders and integrating with key technologies, HYPR is at the forefront of the battle against AI-driven attacks. The company's dedication to secure, frictionless authentication has earned the trust of organizations across various sectors, including energy, healthcare, and financial services.
As organizations face the challenges of generative AI, HYPR remains committed to providing cutting-edge solutions that protect identities and combat evolving threats. Through strategic integrations and innovative technologies, HYPR is shaping the future of identity security in a digital landscape fraught with risks.
HYPR's platform combines passwordless authentication with adaptive risk mitigation, automated identity verification, and a user-friendly experience. By eliminating the need to store credentials centrally, HYPR reduces the risk of large-scale data breaches. The platform uses advanced public key cryptography to secure various forms of authentication, such as passwords, PIN numbers, and biometrics.
With a 77% increase in customers year-over-year, HYPR serves Fortune 50 companies and a top U.S. bank. Partnerships with companies like Charles Schwab and strategic alliances with CrowdStrike, Yubico, and Microsoft demonstrate HYPR's commitment to providing secure and seamless authentication solutions.
The recent funding round, led by Silver Lake Waterman, validates HYPR's passwordless authentication solutions and identity verification products. With a total of $127 million raised to date, HYPR continues to innovate and lead the fight against AI security threats.
In a world where generative AI poses escalating risks, HYPR's focus on customer information security is crucial. By partnering with industry leaders and integrating with key technologies, HYPR is at the forefront of the battle against AI-driven attacks. The company's dedication to secure, frictionless authentication has earned the trust of organizations across various sectors, including energy, healthcare, and financial services.
As organizations face the challenges of generative AI, HYPR remains committed to providing cutting-edge solutions that protect identities and combat evolving threats. Through strategic integrations and innovative technologies, HYPR is shaping the future of identity security in a digital landscape fraught with risks.