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’s 2024 $30 million Silver Lake Waterman round funded AI-defense expansion.
  • HYPR’s 2026 report says only 43% deployed passwordless, leaving large white space.
  • Yubico partnership deepened in November 2025, accelerating phishing-resistant deployments.

What critics are saying

  • 76% of organizations still rely on passwords, delaying HYPR’s enterprise conversion cycle.
  • Passkey deployments remain stuck in pilots for one-third of enterprises.
  • HYPR’s June 2026 CVE-2026-4522 fix shows credential-handling bugs still surface.

What makes HYPR unique

  • HYPR joined the FIDO Alliance in 2015 and shapes passkey standards.
  • HYPR Affirm links identity verification with YubiKey provisioning for verified issuance.
  • HYPR Passwordless for Windows and Mac supports enterprise login across devices.

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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
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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

-2%

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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