HYPR is an identity security company specializing in passwordless authentication for enterprises. Originally founded in 2014 in New York with a focus on decentralized biometric authentication for cryptocurrency and blockchain applications, HYPR pivoted to become a broader enterprise cybersecurity platform addressing the problem of credential-based attacks across all industries.

HYPR's platform replaces passwords with phishing-resistant, FIDO-based passwordless authentication. The solution integrates with existing enterprise identity infrastructure (including identity providers, VPNs, and workstation environments) to enable employees and customers to authenticate using biometrics, security keys, or mobile device-based passkeys. By eliminating shared secrets and centralized credential stores, HYPR reduces the attack surface for phishing, credential stuffing, and brute-force attacks.

The company has raised over $70 million in venture funding and serves large enterprises in financial services, healthcare, and technology sectors. HYPR is recognized as a leader in the passwordless authentication space by industry analysts and has partnered with major identity platforms including Microsoft, Okta, and Ping Identity. The company's evolution from a crypto-focused biometric startup to a mainstream enterprise security vendor reflects the broader applicability of decentralized authentication principles.

Key Facts

• Founded: 2014
• Headquarters: New York, USA
• Focus: Passwordless enterprise authentication (FIDO-based)
• Funding: $70M+ raised

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