HYPR closes $8 million funding round

Categories Biometrics News  |  Trade Notes

HYPR Corp. has closed an $8 million Series A round of funding led by RRE Ventures with existing investors RTP Ventures, Boldstart Ventures, and Mesh Ventures also participating.

The Series A round brings total funding to date to $12.8 million and enables HYPR to accelerate deployment of its next-gen security solutions. As part of this funding, industry veteran James Robinson IV of RRE Ventures will join HYPR’s board of directors.

HYPR’s decentralized authentication greatly reduces the risk for enterprises of a mass data breach by eliminating the need to centrally store credentials. HYPR decentralizes and secures any form of authentication including passwords, PINs, and biometrics such as fingerprint, face, hand, retina, iris, voice, and behavior.

“HYPR’s focus on decentralized access has proven successful across ecosystems within finance, insurance and automotive, among other industries,” said James Robinson IV, General Partner of RRE Ventures.

HYPR will be announcing its latest platform release and new strategic partnerships at this month’s Money 20/20 conference.

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