Hypr, a NYC-based passwordless company raised $35m in Series C financing.
The round, which doubled the company’s total funding to over $70m, was led by Advent International through Advent Tech. Advent joined existing investors including RRE Ventures, .406 Ventures, BoldStart, Top Tier Capital, MESH, Alumni Ventures Group, Allen & Co, Samsung NEXT and Mastercard.
The company will use the capital to accelerate its go-to-market strategy and grow its global support organization doubling the global headcount, with hiring ongoing in every department.
Led by George Avetisov, Co-Founder and CEO, HYPR provides a cloud based Passwordless Multi-factor Authentication platform that makes it easy to eliminate passwords and deliver fast login experiences. With Hypr, businesses are able to stop phishing, reduce fraud, and enable security for employees and customers across the globe.