UPDATED 09:00 EDT / JANUARY 28 2025

SECURITY

Hypori raises $12M to expand security virtual mobile access platform

Mobile access platform startup Hypori Inc. announced today that it has raised $12 million in additional funding to accelerate the adoption of zero-trust, bring-your-own-device programs through its secure mobile access platform technology.

Founded in 2021, Hypori offers a mobile access platform that enables secure virtual access to enterprise applications and data from any mobile device while ensuring total personal privacy. Differing from traditional mobile device management solutions, Hypori does not process, store or transmit data on the user’s device, eliminating the risk of data breaches and preserving user privacy.

Hypori’s solution allows organizations to implement BYOD programs without compromising security or personal privacy. The idea is that by streaming pixels instead of data, the platform ensures that no enterprise information is stored on personal devices, hence reducing the attack surface and potential organizational liability. The approach also simplifies device management and enhances user adoption by addressing privacy concerns associated with invasive mobile device management software.

The company has found customers across regulated industries, including defense, government and healthcare. The Hypori platform is built on a zero-trust architecture and meets stringent security certifications, including the Department of Defense Cloud Computing Security Requirements Guide for Impact Levels 4 and 5, Federal Risk and Authorization Management Program High, National Information Assurance Partnership Common Criteria, and National Security Agency Commercial Solutions for Classified.

Over the last year, Hypori said, it has experienced strong growth, including a $4.1 million contract with the United States Air Force and Space Force and a $12 million renewal with the U.S. Army.

The $12 million in new funding is an extension of a previous Series B round of $10.5 million raised in January 2023 and $12.5 million raised in May 2023. Participating in the extension round were UBS AG, Carahsoft Technology Group Corp. and AE Industrial Partners. The funding round was designed to align Hypori with partners that bring industry expertise and strong customer relationships.

“As global threats escalate, organizations are prioritizing mobile security and data protection, while individuals prioritize privacy,” said Hypori Chief Executive Jared Shepard. “Hypori’s ability to mitigate risks and simplify compliance for highly regulated industries positions us to make 2025 a landmark year.”

Image: Hypori

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