Passwordless Authentication Platform Hypr Raises USD 25 Million

Passwordless Authentication

Hypr, a provider of solutions for passwordless authentication based in New York City, has declared that it has raised USD 25 million in a Series C1 funding round.

The company announced the Series C funding round, which raised USD 35 million, in April 2021. Advent International led the most recent investment, which brought the total to USD 97 million. 406 Ventures, RRE Ventures, Top Tier Capital, and Comcast Ventures also contributed. The funds will be used to strengthen Hypr’s R&D and go-to-market strategies.

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The company claims to have created a passwordless authentication platform that makes it simple for businesses to adopt multi-factor authentication by enabling quick and secure logins into mobile and web apps (MFA).

Read More: Hypr Raises $25 Million for Passwordless Authentication Platform