HYPR grabs $3m for blockchain biometric authentication

Blockchain biometric security company HYPR has picked up $3m in a new round of funding from RTP Ventures, Boldstart Ventures and Mesh Ventures.

The company develops software and hardware designed to add biometric authentication such as fingerprint, voice, face, palm and eye recognition to blockchain-based transactions and assets like bitcoin.

HYPR targets enterprise firms that require advanced security and authentication for transactions, as well as other industries beyond finance such as IoT and cloud applications.

Company CEO George Avetisov said, “As traditional identity verification measures continue to fail, we are witnessing significant enterprise validation of the biometric security space. This signifies a tipping point in mass adoption of secure password-less authentication.”

HYPR says it will use the capital to expand its engineering teams and office space in New York’s Silicon Alley.

Copyright © 2016 FINTECH GLOBAL

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