HYPR

HYPR

SaaS passwordless authentication for enterprises

Overview

HYPR provides passwordless authentication as a SaaS for enterprises in finance, healthcare, and technology. Its cloud platform replaces passwords with FIDO-certified, passwordless methods that work across apps and services, including offline mode, with integrations to various identity providers on iOS and Android. The company differentiates itself through FIDO certification and leadership in the FIDO Alliance, plus enterprise features like offline support and broad identity-provider integrations. Its goal is to transform the attack surface into a harder-to-breach infrastructure by using secure, standards-aligned authentication that improves security and user experience for organizations.

About HYPR

Simplify's Rating
Why HYPR is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Cybersecurity

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

$134.6M

Headquarters

New York City, New York

Founded

2014

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Simplify's Take

What believers are saying

  • HYPR raised 30 million dollars from Silver Lake Waterman on June 5, 2024.
  • Microsoft Entra ID integration and passkey provisioning news in 2026 expands HYPR's addressable market.
  • The 2026 State of Passwordless Identity Assurance report reinforces demand from 950 security leaders.

What critics are saying

  • Microsoft Entra ID default passkeys starting September 1, 2026 commoditize HYPR's core value.
  • Okta and Microsoft now ship native passkey tooling, shrinking HYPR's deployment moat by 2027.
  • If enterprise passkey adoption stalls, HYPR's 127 million dollars raised since 2014 faces harsh scrutiny.

What makes HYPR unique

  • HYPR's 2026 enterprise passkey for Microsoft Entra ID blocks syncable consumer credentials.
  • HYPR combines passwordless authentication with automated identity verification and adaptive risk controls.
  • HYPR's 2026 report positions it as an identity assurance brand, not just MFA software.

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Funding

Total Funding

$134.6M

Below

Industry Average

Funded Over

8 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision

Flexible vacation

Paid parental leave

Flexible work schedule

Company lunch

Team activities

Wellness days & summer fridays

Home office stipend

Training & development

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

0%

2 year growth

-2%
SiliconANGLE Media
Jun 4th, 2024
Passwordless security company HYPR raises $30M to bolster defenses against AI security threats

Passwordless security company HYPR raises $30M to bolster defenses against AI security threats - SiliconANGLE

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