Advent International led a $25m Series C funding round in HYPR.

Advent International, a private equity firm, led a $25m Series C funding round in HYPR, a company in Phishing-Resistant MFA, with participation from .406 Ventures, RRE Ventures, Top Tier Capital, and Comcast Ventures. “Passwords and Legacy MFA solutions that are supposed to keep organizations safe are actually putting them at tremendous risk. These outdated technologies make organizations an easy target for hackers using readily-available online tools to automate and scale attacks. Furthermore, the user experience with these legacy methods is so frustrating that users bypass the security controls which gives hackers further vulnerabilities to exploit. The new investments will advance our efforts to help organizations keep their employees and customers safe while significantly reducing the astronomical costs of passwords,” Bojan Simic, HYPR CEO.