Hypori has closed a $20 million Series A funding round led by GreatPoint Ventures. Hypori is an enterprise mobile security startup that offers security and management technologies the investment is planned to support the company’s expansion of its platform to vertical markets, including fintech and healthcare.
The offerings are designed to protect corporate apps and data on personal mobile devices, helping enterprises address the growing mobile ‘Bring Your Own Device’ trend, the company said Tuesday.
“Hypori is poised to capitalize on the perfect storm of demand for Zero Trust Architecture (ZTA) technologies that prevent data-at-rest and data-in-transit, enable secure access and interaction with data, expansion of the remote workforce with access requirements like Bring Your Own Device, and growth of 5G enabled mobility,” said Jared Shepard, CEO of Hypori.
The company works to safeguard sensitive data on any edge device, regardless of hardware, software, or operating system, to securely extend the power of the cloud. The new approach is aimed at enabling organizations to work remotely and securely.
“Hypori is solving a crucial BYOD pain point – data security and secure remote accessibility. Recent security breaches across the globe have driven the need for trusted platforms like Hypori… We look forward to working with and growing Hypori to meet these needs,” commented Ray Lane, general partner and managing director at GreatPoint Ventures. Lane will also join Hypori’s board of directors as part of the financing.
“We are excited to have industry disruptors and leaders like GPV, Ray Lane, Ashok Krishnamurthi, Andrew Perlman and Sohila Zadran,” said Shepard.