HYPR closes $18.3M funding round led by Comcast Ventures

HYPR has closed a $18.3 Million Series B financing round led by Comcast Ventures. Additional investors in this round include .406 Ventures, RRE Ventures, Allen & Co, Triphammer Ventures, Boldstart Ventures, RTP Ventures, Mastercard and Samsung NEXT. Dave Zilberman, managing director at Comcast Ventures, has joined the HYPR’s board of directors.

According to the announcement this brings the company’s total funding to more than $32 million. The new funds will be used to drive growth, accelerate new product delivery and expand customer success operations across the company’s growing customer base that includes companies such as Mastercard, Aetna, Rakuten, First Citrus Bank and T-Mobile.

“Our customer-first strategy has allowed us to successfully eliminate passwords in a way that’s easy to use and easy to deploy,” says George Avetisov, CEO and co-founder of HYPR. “We believe that True Passwordless Security is the best approach for companies of all sizes to prevent fraud, reduce security costs, and increase productivity while delivering the best possible user experience.”

“This investment signifies unprecedented validation of the HYPR vision and we could not be more thrilled to work with Dave Zilberman and the Comcast Ventures team,” Avetisov adds.

HYPR was founded in 2014 and is headquartered in New York City, with offices in North America and EMEA.

Avetisov spoke with Biometric Update in July about the company’s partnership with ForgeRock.

Article Topics

access management  |  biometrics  |  cybersecurity  |  fraud prevention  |  funding  |  HYPR  |  investment