HYPR Raises $3 Million to Enhance Blockchain Biometrics
The biometric security startup HYPR just announced it has raised $3 million to scale its enterprise biometric solutions. HYPR: Biometric Authentication Adds Additional Value to Blockchain Solutions. HYPR, founded in 2014, is focused on two important technologies that may change the way we do business. The company combines biometric security with....
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Biometrics is a new and effective trend in the security industry. HYPR deploys biometrics in financial applications, but also adds the benefits of decentralized technology to enable enterprises to eliminate passwords and replace them with biometrics. HYPR: Biometrics Decentralized. The blockchain biometrics firm, which has worked with Fortune 500 and Global 2000 firms on proof-of-concepts, Rather than storing fingerprints, facial features, iris images, or voice patterns, an end user’s biometric signature is encrypted and stored on-device in a decentralized manner. “So while today a large....
Palo Alto-based Bitcoin security platform BitGo recently announced a partnership with HYPR, a New York-based biometrics security firm, to bring biometric authentication to the blockchain space. The BitGo-HYPR partnership will see integration of the HYPR-Secure biometric login with BitGo’s multi-signature platform, to provide users with a decentralized identity as well as an added layer of security for cryptocurrency, digital assets, private keys and identities through biometric authentication. “It’s astounding how often our enterprise clients request a solution for blockchain security upon....
HYPR Corp. is a biometric security company that focuses on making the financial world safer for consumers and businesses alike. Led by CEO and blockchain enthusiast George Avetisov, the company recently partnered with blockchain security firm BitGo, producing an alliance that could secure the entire finance industry with blockchain-powered biometrics. Bitcoinist got the chance to sit down with CEO George Avetisov to discuss his company, its involvement in the blockchain industry, as well as hurdles faced by both biometric and blockchain security. Tell me a little bit about HYPR. What kind....
HYPR, an encryption-specific solution to enable secure biometric login authentication, announced on Tuesday that it has secured $3 million USD in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures. This announcement, coupled with an ever-increasing roster of multi-national customers in the banking industry and beyond, underscores the fact that biometric authentication is a key realm for advancement in login security, person-ability, and user control in securing biometric data. Speaking to the excitement of the partnership, Ed Sim, managing partner and founder at Boldstart....
A startup aiming to bridge the worlds of blockchain tech and biometric security has raised $3m in new funding. HYPR raised the funds from RTP Ventures, Boldstart Ventures and Mesh Ventures. The funding round comes just under two years after the startup closed a $350,000 private investment, while at the time pitching itself as a means to secure bitcoin transactions with the help of a fingerprint. According to George Avetisov, CEO of HYPR, the majority of the funds will be used to build out the startup’s development team, based primarily in New York. Avetisov said of the funding round:....