HYPR

HYPR is one of the longest-running pure-play passwordless vendors, and its thesis — that phishing-resistant authentication alone is insufficient, and that closing the gaps at enrollment and recovery requires pairing it with identity verification — has proven prescient as attackers pivot to exactly those moments. The platform combines HYPR Authenticate (device-bound passkeys and public-key cryptography that eliminate the shared secrets attackers phish) with HYPR Affirm (identity proofing at onboarding, device enrollment, and account recovery), delivering unified assurance across the full identity lifecycle rather than just login. The threat environment validates the approach: HYPR's 2026 research found 87% of organizations hit by AI-based attacks encountered deepfakes, and it warns that in 2026 automated agents will leak more passwords than people — industrial-scale machine automation that makes phishing-resistant, device-bound credentials essential. Its data also shows FIDO passkeys becoming the most widely identified phishing-resistant method (64%, up from 40% a year earlier), a secular tailwind directly under HYPR's core product. The June 2024 $30M round led by Silver Lake Waterman funded the expansion into identity verification and risk orchestration, and cumulative funding exceeds $130M from investors including Advent International, RRE Ventures, and Mastercard — the last a strategically meaningful backer. A 2025 partnership with iProov integrates biometric liveness detection with HYPR Affirm to block synthetic identities and deepfake imposters at onboarding, and HYPR opened a Belgrade office amid global expansion. With a decade of passwordless expertise, a lifecycle-spanning platform, and the deepfake wave breaking exactly where it plays, HYPR is well-positioned in workforce identity assurance.