Hypori, a Reston, VA-based award-winning SaaS company transforming secure access to data from the edge, announced that it closed $10.5 million Series B funding.
The round was led by Hale Capital Partners, with additional funds from Series A investor GreatPoint Ventures, GEN David Petraeus, and other participants.
The funds will be used to 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, that is secure enough for the Department of Defense and private enough for regulated commercial industries.
Jared Shepard, Hypori's President, and CEO stated, “This is a pivotal moment of change for Hypori. Hale Capital and Marty are exactly what we needed to continue to drive disruptive innovation and transform secure access and interaction with data from the edge. Hypori is changing the way the industry thinks about cybersecurity and operating at the speed of cloud to achieve mission success.”
The company's zero-trust approach to mobile security moves the security target from the edge device to a virtual workspace in a secure and controlled cloud or data center, providing an unparalleled defense to isolate and protect privacy, personal data, and organizational data.
Hypori Halo is a virtualized Android OS that operates as a separate, 100% private, virtual workspace on any mobile device, protecting customer data within their enterprise by preventing data at rest or in transit outside the enterprise.
As part of the financing, Martin M. Hale, Jr., Managing Partner at Hale Capital Partners, will join the Hypori Board of Directors (the “Board”). Rich Sawchak, CEO of Systems Planning and Analysis, and former Hypori CFO will also join the Board.
Company: Hypori, Inc.
Raised: $10.5M
Round: Series B
Funding Month: January 2023
Lead Investors: Hale Capital Partners
Additional Investors: GreatPoint Ventures and GEN David Petraeus
Company Website: https://www.hypori.com/
Software Category: User Access Management Solution
About the Company: Hypori is an award-winning SaaS company transforming secure access to data from any device, anywhere. From national security level intel to commercial IP, Hypori empowers businesses and government agencies globally to protect data within their enterprise by preventing data at rest or in transit outside the enterprise. Hypori’s zero-trust virtual workspace on any device frees customers from liability and security risks with 100% separation of data and preserves privacy for the end-user. The company’s mission is to provide secure access to data from any device, anywhere. Hypori is headquartered in Reston, VA with a technology hub in Austin, TX.
Source: https://www.hypori.com/news-all/hypori-inc-secures-series-b-to-redefine-zero-trust-byod