HYPR Announces $8 Million Series A
We’re excited to announce an $8 million Series A led by @RRE Ventures.
As a result of this capital influx, HYPR will be able to dramatically accelerate deployment of our next-gen, enterprise-facing decentralized authentication solutions.
The conclusion of this company milestone coincides with enterprises’ rising demand for decentralized security as HYPR has exceeded more than 25 million users across Fortune 500 banking, insurance, payments, automotive, and the Internet of Things.
In leading the round, RRE Ventures was joined by prior investors RTP Ventures, Boldstart Ventures, and Mesh Ventures, all of whom are reaffirming their confidence in our company’s reimagining of authentication. Their commitments bring total funding to date to $12.8 million.
As a function of this RRE-led round, industry veteran James Robinson IV of RRE Ventures will join the HYPR Board of Directors.