HYPR Announces $3M Funding Round for Biometric Security Products
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....
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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:....
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....
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....
HYPR Corp. Device-agnostic Platform has been developing a military class Biometric Authentication system for corporations, government institutions, and other Enterprises. Today, security has become of an extreme importance for any company. While passwords have proven to be a fragile protection for securing critical systems, a new breed of biometric....
Bitcoin wallets are already known to be very secure, as most feature a multisig verification and provide both public and private keys for users. However, recent hacking incidents and online theft could lead some companies to consider biometric authentication. Just recently, HYPR Corp. announced the availability of its biometric authentication SDK which could be used for third-party integration. This means that bitcoin wallets could be able to add yet another layer of security to their services. Bitcoin Wallets Authentication. The HYPR SDK enables enterprises to seamlessly implement....