HYPR

Passwordless authentication solutions for enterprises

New York City, New York, United States

About HYPR

HYPR provides passwordless authentication solutions designed to enhance cybersecurity for enterprises in sectors like finance, healthcare, and technology. Their platform operates as a software-as-a-service (SaaS), allowing organizations to eliminate traditional passwords, which helps reduce security breaches and improves the user experience. The authentication system includes features such as offline mode and compatibility with various identity providers, making it versatile for different business needs. Unlike many competitors, HYPR is recognized for its FIDO-certified technology and actively participates in the FIDO Alliance, emphasizing its dedication to security standards. The goal of HYPR is to create a secure infrastructure that is difficult for attackers to penetrate, aligning security measures with corporate objectives.

New York City, New YorkHeadquarters
2014Year Founded
$130.9MTotal Funding
GROWTH_EQUITY_VCCompany Stage
Enterprise Software, CybersecurityIndustries
51-200Employees

Benefits

Medical, dental, & vision
Flexible vacation
Paid parental leave
Flexible work schedule
Company lunch
Team activities
Wellness days & summer fridays
Home office stipend
Training & development

Risks

Emerging passwordless startups may erode HYPR's market share.
AI-driven cyber threats could outpace HYPR's current capabilities.
Potential vulnerabilities in biometrics may undermine user trust.

Differentiation

HYPR offers FIDO-certified passwordless authentication, enhancing security and user experience.
The company provides SaaS solutions, eliminating passwords with biometrics and security keys.
HYPR's platform supports offline mode and integrates with various identity providers.

Upsides

Growing demand for passwordless solutions enhances HYPR's market potential.
Increased adoption of biometric methods boosts HYPR's relevance in finance and healthcare.
Rising interest in FIDO-certified technologies strengthens HYPR's competitive edge.

Funding

Total raised$130.93 M
Latest valuation$125.00 M
StageGROWTH_EQUITY_VC