- Hypori announced that it has completed a $23 million Series B round of funding.
Hypori – a SaaS company transforming secure access to data from the edge – announced the completion of its Series B raise for a total of $23 million. Earlier this year, the company announced that initial Series B commitments were up to $18 million. However, the additional interest by strategic investors drove an expanded raise.
Moore Strategic Ventures anchored the completion of the round initiated by Hale Capital Partners. And the Series B round of funding will enable Hypori to expand its position as the leading provider of zero-trust bring-your-own-device (BYOD) with no data at rest or in transit and secure enough for the Department of Defense and private enough for regulated commercial industries.
The companies and government agencies using BYOD programs are able to eliminate data at rest requirements from the physical device and this minimizes the risk of data loss and eradicates the threat of malware entering an enterprise from an end-user device with Hypori Halo.
Organizations are able to adopt BYOD benefit from reduced hardware and software costs; however, it also increases unnecessary vulnerabilities to the company’s network and data and other security and liability concerns. Hypori Halo zero-trust BYOD is already eliminating these concerns for DoD, defense industrial base, and commercial customers in the finance and health sectors.
KEY QUOTE:
“These funds are a testament to Hypori Halo’s significance and potential impact on national security and user privacy. We are grateful to Moore Strategic Ventures for their support in driving our continued growth and excited to have them join the Hypori Board as an Observer.”
— Jared Shepard, Hypori President and CEO
