Cybersecurity startup HYPR has closed a $18.3m Series B round led by Comcast Ventures, the venture capital firm.
The startup was founded in 2014 and specializes in delivering password-free cybersecurity. With the new round, HYPR has raised a total of over $32m.
The New York-based enterprise will use the money to accelerate new product delivery and expand customer success operations across the company’s rapidly growing enterprise customer base
The Series B round was also supported by several other investors. The list of investors in this round includes VC firms .406 Ventures, Boldstart Ventures, RTP Ventures and RRE Ventures as well as the investment bank Allen & Co. Mastercard and Samsung NEXT also participated in the round.
“Our customer-first strategy has allowed us to successfully eliminate passwords in a way that’s easy to use and easy to deploy,” said George Avetisov, CEO and Co-founder of HYPR. “We believe that true passwordless security is the best approach for companies of all sizes to prevent fraud, reduce security costs, and increase productivity while delivering the best possible user experience.”
Boldstart Ventures and Comcast Ventures both also participated in data protection company BigID’s $50m Series C investment round in September.
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