HYPR is a decentralized biometric security company. Its software integrates into employee and customer-facing applications to eliminate fraud. It provides biometric sensors for interoperable architecture to ensure user data is private across the internet of things (IoT). It was founded in 2014 and is based in New York, New York.
ESPs containing HYPR
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The passwordless authentication tools market offers solutions that eliminate passwords to mitigate the risk of cybersecurity incidents caused by compromised credentials. This market offers organizations a more secure access posture and can help combat phishing and data breaches at scale. At the same time, these solutions also aim to improve login experiences for employees and customers by offering…
HYPR's Products & Differentiators
True Passwordless MFA
HYPR solution for workforce
Research containing HYPR
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned HYPR in 4 CB Insights research briefs, most recently on Nov 3, 2023.
Expert Collections containing HYPR
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
HYPR is included in 6 Expert Collections, including Regtech.
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
These companies protect organizations from digital threats.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Digital ID In Fintech
For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.
HYPR has filed 22 patents.
Latest HYPR News
Nov 17, 2023
Businesses that eliminate passwords experience better outcomes November 17, 2023 Research finds organizations using passwordless technologies experience the fewest phishing attacks, are more productive and achieve greater levels of employee satisfaction HYPR, The Identity Assurance Company, and Yubico (NASDAQ: YUBICO), the leading provider of hardware authentication security keys, have published a new study on challenges, perceptions and outcomes in the usage of password and passwordless authentication technologies. The report, titled “Transcending Passwords: The Next Generation of Authentication” exposes the profound business impact of authentication practices, with consequences for security, productivity and employee retention. Findings show that organizations that employ FIDO-based passwordless authentication technologies are least likely to be victims of phishing attacks, cut authentication times by 75%, and measurably reduced their IT service desk burden. The study, based on a commissioned survey of 312 cybersecurity IT leaders and end users conducted by Enterprise Management Associates (EMA), reveals the strain that insecure and cumbersome authentication processes place on organizations, as well as their readiness to turn to passwordless solutions. “Our independent and objective research findings confirm that we have reached an inflection point in authentication solutions driven by broad recognition that reliance on traditional passwords is no longer sustainable,” noted Chris Steffen, vice president of research at EMA. “It is an honor to have our comprehensive evaluation sponsored by two of the leading voices responsible for redefining how we think of and define identity security.” The vast majority of surveyed businesses (82%) reported breaches, including compromised credentials and successful phishing attacks. Employee behavior likely played a role as 68% of respondents admit to violating corporate password policies. Organizations must be careful, however, in turning to security controls that introduce friction — 65% of users say they would be motivated to change employers if presented with high-friction authentication processes. Notably, the majority of IT managers recognize that the adoption of passwordless authentication will prevent most, or all, security breaches and those that have adopted FIDO-based technologies report the highest satisfaction rates with authentication processes. “This new data highlights that there is broad consensus that passwordless authentication, specifically FIDO-based technologies, are the way forward,” Bojan Simic, CEO of HYPR. “Phishing-resistant passwordless solutions cut off the most common avenues of attack while providing a user experience people want to use.” Key findings from the study include: 91% of workers still rely on passwords as a primary form of authentication. On average, business users authenticate ten times each day to access the business applications, data, and IT services they require to perform job tasks. On average, business users take four times longer to authenticate with a traditional password and an OTP verifier than with FIDO-based authenticators (mobile or security key). Businesses that have adopted FIDO-based technologies reported the highest satisfaction rates with their authentication processes 82% of surveyed businesses reported IT security breaches occurred in their organizations in the last year, including compromised credentials and successful phishing attacks Organizations using FIDO-based mobile authenticators or security keys as a primary authenticator were least likely to have been victims of a phishing attack 100% of business that have adopted FIDO standards reported significant quantifiable improvements, including increased security effectiveness, reduced help desk tickets, reduced password resets and improved user experiences “Organizations want to move to passwordless, phishing-resistant authentication; it’s a matter of charting their course to get there,” said Josh Cigna, solutions architect at Yubico. “That’s where our partnership with HYPR comes in. Through our joint Yubico-HYPR solution, organizations can easily deploy both hardware and software FIDO authenticators, giving them flexibility and choice across the enterprise.” EMA will be discussing the study results and implications in a webinar on November 16, 11 AM PT | 2 PM ET. Register here» To read the full report, please visit: https://www.hypr.com/resources/report-ema-transcending-passwords A blog post with additional context on the study can be found here. Learn more about the HYPR | Yubico passwordless authentication solution: yubi.co/HYPR
HYPR Frequently Asked Questions (FAQ)
When was HYPR founded?
HYPR was founded in 2014.
Where is HYPR's headquarters?
HYPR's headquarters is located at 1001 Avenue of the Americas, New York.
What is HYPR's latest funding round?
HYPR's latest funding round is Series C - II.
How much did HYPR raise?
HYPR raised a total of $93.15M.
Who are the investors of HYPR?
Investors of HYPR include RRE Ventures, Comcast Ventures, Advent International, .406 Ventures, Top Tier Capital Partners and 11 more.
Who are HYPR's competitors?
Competitors of HYPR include Keyless, BioCatch, nextAuth, Yubico, Socure and 7 more.
What products does HYPR offer?
HYPR's products include True Passwordless MFA and 1 more.
Compare HYPR to Competitors
BIOWATCH develops a biometric recognition system integrated into any wearable device for secure authentication, mobile payment protection, and smart device interaction. It enables users to unlock a car, access an office, log in to the internet, purchase goods and services, and sign contracts and digital documents. The company was founded in 2015 and is based in Lausanne, Switzerland.
Socure provides digital verification and fraud prevention management solutions. The company offers a predictive analytics platform that helps in fraud risk analysis, compliance management, identity verification, document verification, account verification, and more. It serves financial services, the marketplace, online gaming, and other industries. It was founded in 2012 and is based in Incline Village, Nevada.
Tactical Information Systems provides complete identity solutions that meet the needs of governments, law enforcement, border security and identity communities. BeehiveID is face recognition software for identity authentication & verification.
Transmit Security operates as an identity access management vendor. It offers identity orchestration and authentication products. Its solutions include monitoring and mitigating fraud risks, authorization and user management solutions, authentication services, identity verification, and more. The company was founded in 2014 and is based in Boston, Massachusetts.
Trusona is a company that focuses on providing passwordless multi-factor authentication solutions in the cybersecurity industry. The company offers services that replace traditional passwords and one-time passwords with passkeys, aiming to increase customer engagement, reduce sign-in time, and enhance security. Trusona primarily serves businesses seeking to improve their customer experience and security measures. It was founded in 2015 and is based in Scottsdale, Arizona.
InCights Mobile Solutions is a developer and provider of voice biometrics software and delivery systems. The company's vision is to establish Voice biometrics as a de-facto standard for remote authentication over telephony and other online channels.