HYPR raised $30M in funding led by Silver Lake Waterman to accelerate the development and deployment of identity protection technologies.

Jun 05, 2024•over 1 year ago

Amount Raised

$30 Million

New YorkInformation Technology

Investors

Advent InternationalSilver Lake Waterman

Description

HYPR, a company specializing in passkey adoption and multi-factor authentication, has raised $30 million in funding from Silver Lake Waterman and is partnering with cybersecurity firm CrowdStrike to enhance endpoint detection and response capabilities.

Company Information

Company

HYPR

Location

1001 AVENUE OF THE AMERICAS

New York, New York, United States

About

HYPR is on a mission to improve the lives of security-minded leaders, their employees and customers by helping organizations create trust in the identity lifecycle. HYPR provides the strongest end-to-end identity security, combining modern passwordless authentication with adaptive risk mitigation, automated identity verification and a simple, intuitive user experience. With a third-party validated ROI of 324%, HYPR easily integrates with existing identity and security tools and can be rapidly deployed at scale in the most complex environments.

Related People

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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