HYPR provides passwordless authentication solutions that utilize FIDO Certified technology to eliminate credential phishing attacks and enhance user experience. The platform addresses identity fraud by securing the entire identity lifecycle through automated identity verification and continuous risk monitoring.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SLFounders
Product
Problem
Organizations face increasing risks from credential-based phishing attacks and identity fraud, while also needing to improve user experience and productivity. Traditional authentication methods relying on passwords and legacy multi-factor authentication (MFA) are vulnerable and create friction for users.
Solution
HYPR provides a comprehensive Identity Assurance platform that unifies phishing-resistant passwordless authentication, adaptive risk mitigation, and automated identity verification to secure the entire identity lifecycle. The platform leverages FIDO-certified passkeys to eliminate passwords and associated vulnerabilities, while continuous risk monitoring adapts security policies in real-time based on user behavior and threat landscape changes. HYPR's solution integrates identity verification into onboarding and help desk workflows, ensuring that users are who they claim to be at every stage. By unifying these elements, HYPR delivers enhanced security, improved user experience, and business acceleration through reduced risk and operational costs.
Target Audience
HYPR serves enterprises across various industries, including financial services, critical infrastructure, energy, and retail, seeking to improve workforce and customer identity security while enhancing user experience and meeting compliance requirements.
Features
- Passwordless multi-factor authentication (MFA) using FIDO2-certified passkeys, eliminating password-based fallbacks
- Adaptive risk policy and orchestration engine that monitors user behavior and threat intelligence to dynamically adjust authentication requirements
- Automated identity verification with document proofing, biometrics, database verification, and video verification options
- Integration with existing IAM environments, including Entra ID (Azure), Okta, and Ping Identity
- Support for various authentication methods, including mobile devices, desktops, and security keys
- Continuous monitoring for risky or unusual behavior, triggering re-authentication or re-verification as needed
- Unified platform for managing the entire user lifecycle, from onboarding to offboarding
- Comprehensive reporting and analytics for visibility into identity security posture