Hypori, an award-winning SaaS company transforming secure access to data from the edge, announced today the completion of its Series B raise, for a total of $23 million. In January the company announced that initial Series B commitments were up to $18 million, but the additional interest by strategic investors drove an expanded raise. Moore Strategic Ventures anchored the completion of the round initiated by Hale Capital Partners.
The Series B 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 – secure enough for the Department of Defense and private enough for regulated commercial industries.
Companies and government agencies using BYOD programs can eliminate data at rest requirements from the physical device, minimize the risk of data loss, and eradicate the threat of malware entering an enterprise from an end-user device with Hypori Halo. Organizations adopting 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.
“These funds are a testament to Hypori Halo’s significance and potential impact on national security and user privacy,” said Jared Shepard, Hypori President and CEO. “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.”
In March, Hypori Halo won the Remote Work Pioneer Solution Award, “Most Trusted Solution for Secure BYOD,” from TMCnet and in January the company was named a Best Place to Work by Built In Austin, ranking 13th out of 100 midsize companies. In December 2022, Hypori Halo won Outstanding New Cyber Security Product 2022 at the Cyber Outstanding Security Performance Awards and was awarded Most Innovative Mobile Device Solution at the 10th Annual Global InfoSec Awards at the RSA Conference in June.Source: Businesswire