Hypori, Inc. Secures Series B to Redefine Zero-Trust BYOD - Business Wire

RESTON, Va.--(BUSINESS WIRE)--Hypori, an award-winning SaaS institution transforming unafraid entree to information from the edge, announced contiguous the adjacent of an archetypal $10.5 cardinal Series B concern led by Hale Capital Partners with further funds from Series A capitalist GreatPoint Ventures, GEN David Petraeus, and different participants. As portion of a full fundraising circular with commitments to put up to $18 million, these funds are a testament to the company’s increasing and expanding valuation, and its product's value and interaction connected nationalist information and idiosyncratic privacy. The Series B backing volition alteration Hypori to grow its presumption arsenic the starring supplier of zero-trust bring-your-own-device (“BYOD”), with nary information astatine remainder oregon successful transit, that is unafraid capable for the Department of Defense and backstage capable for regulated commercialized industries.

Hypori’s zero-trust attack to mobile information moves the information people from the borderline instrumentality to a virtual workspace successful a unafraid and controlled unreality oregon information center, providing an unparalleled defence to isolate and support privacy, idiosyncratic data, and organizational data. Hypori Halo is simply a virtualized Android OS that operates arsenic a separate, 100% private, virtual workspace connected immoderate mobile device, protecting lawsuit information wrong their endeavor by preventing information astatine remainder oregon successful transit extracurricular the enterprise. Companies and authorities agencies utilizing BYOD programs tin destruct information astatine remainder requirements from the carnal device, minimize the hazard of information loss, and eradicate the menace of malware entering an endeavor from an end-user instrumentality with Hypori Halo.

Today’s hybrid and distant workforce trust connected their ain devices to beryllium productive. 75% of employees usage their idiosyncratic compartment phones for enactment and 83% of companies person a BYOD argumentation of immoderate kind¹. Companies adopting BYOD programs payment from reduced hardware and bundle costs; however, it besides increases unnecessary vulnerabilities to the company’s web and information and different information and liability concerns. Hypori Halo zero-trust BYOD is already eliminating these concerns for DoD, defence concern base, and commercialized customers. The Series B backing volition assistance Hypori to much rapidly standard to conscionable the needs of the U.S. Army signifier 3 BYOD rollout presently delivering Hypori Halo to 20k+ users crossed the Army, Army Reserve, and Army National Guard.

As portion of the financing, Martin M. Hale, Jr., Managing Partner astatine Hale Capital Partners, volition articulation the Hypori Board of Directors (the “Board”). “We are thrilled to beryllium moving with Hypori. We respect their enactment and customer-focused attack to solving captious nationalist information and commercialized information needs portion delivering a compelling idiosyncratic experience,” said Hale. “With nary information astatine remainder and nary information successful transit, their BYOD solution appears to america to beryllium a crippled changer. We look guardant to supporting Hypori arsenic it scales and delivers unmatched information and easiness of usage to its customers."

Rich Sawchak, CEO of Systems Planning and Analysis, erstwhile Hypori CFO, volition besides articulation the Board.

Jared Shepard, Hypori President and CEO, stated, “This is simply a pivotal infinitesimal of alteration for Hypori. Hale Capital and Marty are precisely what we needed to proceed to thrust disruptive innovation and alteration unafraid entree and enactment with information from the edge. Hypori is changing the mode the manufacture thinks astir cybersecurity and operating astatine the velocity of unreality to execute ngo success.”

Last week, Hypori was named a Best Place to Work by Built In Austin, ranking 13^th retired of 100 midsize companies, won Outstanding New Cyber Security Product 2022 astatine the Cyber Outstanding Security Performance Awards successful December, and was awarded Most Innovative Mobile Device Security Solution astatine the 10th Annual Global InfoSec Awards astatine the RSA Conference successful June 2022.

J.P. Morgan acted arsenic placement cause for Hypori and provided entree to their proprietary CapitalConnect level to enactment the fundraising process.

About Hale Capital Partners

HCP partners with talented entrepreneurs to execute singular firm transformations. We service arsenic stewards for the ideas of bonzer leaders arsenic they question to accelerate growth. Founded successful 2007, Hale's roadmap to occurrence centers connected a programme of transformation— financial, cultural, and operational—developed from extended world enactment and 2 decades of concern expertise. This captious intelligence spot helps our companies evolve, grow, and vie successful an ever-shifting marketplace. To larn much astir Hale Capital, sojourn halecapital.com.

About GreatPoint Ventures

Founded successful 2015, GreatPoint Ventures partners with outstanding entrepreneurs and absorption teams to physique world-class businesses. GPV invests successful early-stage companies astatine effect and Series A. GPV has helped entrepreneurs physique respective palmy companies, galore of which person defined their categories, including Skyhawk Therapeutics, Sidecar Health, Beyond Meat, Extend, Vim Business, Kinetica, and Excision. For much information, delight sojourn the GreatPoint Ventures website astatine www.gpv.com.

About Hypori

From nationalist information level intel to productivity apps, Hypori empowers customers to support information wrong their endeavor by eliminating the borderline arsenic an onslaught surface, preventing information astatine remainder oregon successful transit extracurricular the enterprise. Hypori’s zero-trust virtual workspace connected immoderate instrumentality frees organizations from liability and information risks with 100% separation of information and preserves privateness for the end-user. Hypori is simply a service-disabled veteran-owned tiny concern headquartered successful Reston, VA with a exertion hub successful Austin, TX.

¹Zippia. "26 Surprising BYOD Statistics [2022]: BYOD Trends In The Workplace" Zippia.com. Oct. 17, 2022, https://www.zippia.com/advice/byod-statistics/