June 5, 2024 at 09:30AM
Hypr, a passwordless authentication provider, received $30 million from Silver Lake Waterman, bringing the total funding to over $127 million. The New York-based company offers a passwordless authentication solution supporting secure logins on mobile and web. The recent investment will be used to develop technologies to combat generative AI-driven credential-based attacks.
Key Takeaways from the Meeting Notes:
1. Hypr, a passwordless authentication provider, has received $30 million in funding from Silver Lake Waterman, bringing the company’s total raised funding to over $127 million.
2. The company is headquartered in New York City and has a global presence with offices in Boston, California, London, and Tokyo.
3. Hypr’s passwordless authentication solution supports secure logins on mobile and web applications, offering multi-factor authentication (MFA) to secure user accounts.
4. Recent strategic partnerships and large-scale deployments have validated the adoption of Hypr’s FIDO passkey-based MFA platform.
5. Hypr provides passwordless authentication to organizations in various sectors including automotive, energy, education, financial services, government, and healthcare.
6. The new funding will be invested in technologies to combat generative AI-driven credential-based attacks.
7. The company received positive comments from Silver Lake Waterman’s managing director and Charles Schwab’s CISO, affirming Hypr’s leadership in the field of identity assurance and proactive stance against threats posed by generative AI.
Please let me know if you need any further details or additional information.