Hypori, a SaaS firm that is focused on transforming secure access to data from the edge, has scored $10m in a Series B raise.
The round was led by Hale Capital Partners and saw participation from GreatPoint Ventures, GEN David Petraeus and other participants.
As part of a total fundraising round with commitments to invest up to $18m, Hypori claims these funds are a ‘testament to the company’s growing and increasing valuation’ as well as its product’s significance and impact on national security and user privacy.
Hypori’s zero-trust approach to mobile security moves the security target from the edge device to a virtual workspace in a secure and controlled cloud or data center, providing an unparalleled defense to isolate and protect privacy, personal data, and organisational data.
Companies and government agencies using bring-your-own-device programs can eliminate data at-rest requirements from the physical device, minimize the risk of data loss, and eradicate the threat of malware entering an enterprise from an end-user device with Hypori Halo.
The Series B funding will enable Hypori to expand its position as the leading provider of zero-trust BYOD with no data at rest or in transit, that is secure enough for the Department of Defense and private enough for regulated commercial industries.
As part of the financing, Martin Hale – managing partner at Hale Capital Partners – will join the Hypori board.
He remarked, “We are thrilled to be working with Hypori. We admire their leadership and customer-focused approach to solving critical national security and commercial security needs while delivering a compelling user experience,” said Hale.
“With no data at rest and no data in transit, their BYOD solution appears to us to be a game changer. We look forward to supporting Hypori as it scales and delivers unmatched security and ease of use to its customers.”
Hypori CEO and president Jared Shepard added, “This is a pivotal moment of change for Hypori. Hale Capital and Marty are exactly what we needed to continue to drive disruptive innovation and transform secure access and interaction with data from the edge. Hypori is changing the way the industry thinks about cybersecurity and operating at the speed of cloud to achieve mission success.”
Recent research found that Illicit activity in the crypto space reached an all-time high of $20.1bn in 2022, up from $18bn the previous year.
Copyright © 2023 FinTech Global
