Hypr, a NYC-based provider of a passwordless security solution, closed a $18.3M Series B financing round.
The round, which brought the total funding to more than $32m, was led by Comcast Ventures, with participation from .406 Ventures, RRE Ventures, Allen & Co, Triphammer Ventures, Boldstart Ventures, RTP Ventures, Mastercard and Samsung NEXT. In conjunction with the funding, Dave Zilberman, Managing Director at Comcast Ventures, has joined Hypr’s Board of Directors.
The company intends to use the funds to accelerate growth, new product delivery and expand customer success operations across its enterprise customer base.
Founded in 2014, Hypr has delivered an authentication platform purpose-built to eliminate passwords and shared secrets. Powered by advanced Public Key Cryptography, the solution combines enterprise-grade security with a mobile-first user experience. This approach removes the hackers’ primary target – forcing adversaries to attack each device individually – while providing users a secure login experience across mobile, web and desktop applications.
Customers include companies such as Mastercard, Aetna, Rakuten, First Citrus Bank and T-Mobile,
The company also has offices in North America and EMEA.