How Much Did HYPR Raise? Funding & Key Investors

What Is HYPR?

HYPR is a private cybersecurity company headquartered in New York, New York, founded in 2014. Known as "The Identity Assurance Company," HYPR provides end-to-end identity security solutions combining phishing-resistant passwordless authentication, adaptive risk mitigation, and automated identity verification. Its platform — including HYPR Authenticate, HYPR Adapt, and HYPR Affirm — supports over 20 million global users across enterprise environments. HYPR operates across the cybersecurity, identity management, mobile, and security industries.

How Much Funding Has HYPR Raised?

1. Angel Round
   • Amount Raised: USD 800,000
   • Date: June 2014
   • Lead Investors: Undisclosed
   • Participants: Undisclosed
2. Seed Round
   • Amount Raised: USD 3,000,000
   • Date: October 2016
   • Lead Investors: Undisclosed
   • Participants: Undisclosed
3. Series A
   • Amount Raised: USD 8,000,000
   • Date: October 2017
   • Lead Investors: RRE Ventures
   • Participants: RTP Ventures, Boldstart Ventures, Mesh Ventures
4. Series B
   • Amount Raised: USD 18,300,000
   • Date: October 2019
   • Lead Investors: Comcast Ventures
   • Participants: .406 Ventures, RRE Ventures, Allen & Co, Triphammer Ventures, Boldstart Ventures, RTP Ventures, Mastercard, Samsung NEXT
5. Series C
   • Amount Raised: USD 35,000,000
   • Date: April 2021
   • Lead Investors: Advent International (via Advent Tech)
   • Participants: RRE Ventures, .406 Ventures, Boldstart Ventures, Top Tier Capital, Mesh Ventures, Alumni Ventures Group, Allen & Co, Samsung NEXT, Mastercard
6. Series C1
   • Amount Raised: USD 25,000,000
   • Date: December 2022
   • Lead Investors: Advent International (via Advent Tech)
   • Participants: .406 Ventures, RRE Ventures, Top Tier Capital, Comcast Ventures
7. Venture – Series Unknown
   • Amount Raised: USD 30,000,000
   • Date: June 2024
   • Lead Investors: Silver Lake Waterman
   • Participants: Undisclosed

Total Amount Raised: USD 122,100,000 (across seven disclosed rounds).

Key Investors

• Silver Lake Waterman
  • Details: Silver Lake Waterman is the flexible expansion capital arm of Silver Lake, a global technology investment firm with approximately $103 billion in combined assets under management. Silver Lake Waterman focuses on later-stage growth companies in technology and technology-enabled industries. Shawn O'Neill, Managing Director at Silver Lake Waterman, participated in HYPR's 2024 round.
• Advent International
  • Details: Advent International is a global private equity firm that has invested in over 380 transactions across 42 countries. It led HYPR's Series C (April 2021) and Series C1 (December 2022) through its dedicated Advent Tech fund, focused on global technology investments.
• Comcast Ventures
  • Details: Comcast Ventures is the venture capital affiliate of Comcast Corporation, backing early- to growth-stage technology companies. It led HYPR's Series B in October 2019, with Managing Director Dave Zilberman joining HYPR's board at that time.
• RRE Ventures
  • Details: RRE Ventures is a New York-based venture capital firm that led HYPR's Series A in October 2017. General Partner James Robinson IV joined HYPR's board of directors as part of that investment. RRE Ventures also participated in subsequent rounds.

What's Next for HYPR?

With $30 million in new funding from Silver Lake Waterman secured in June 2024, HYPR is focused on accelerating advancements in technologies to combat generative AI-driven credential-based attacks. The company continues to expand its Identity Assurance Platform, targeting enterprise customers seeking phishing-resistant, passwordless authentication solutions. As identity-based threats grow more sophisticated, HYPR is well-positioned to deepen its market presence and drive broader adoption of its FIDO2-based passwordless security stack.

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