New York based biometric security startup HYPR raised an $8m Series A round led by RRE Ventures.
George Avetisov, CEO of HYPR, said that its clients include Fortune 500 companies across a variety of sectors, ranging from automotive businesses to credit card networks. He says a lot of its 25 million users work at financial institutions. HYPR plans to integrate its technology into smart homes, ATMs and connected cars. “Equifax is a perfect example of what happens when you centralize a lot of sensitive data,” said Avetisov. HYPR ensures that its users’ personal credentials always remain in their possession and that nothing is sent to any third parties. He says that HYPR’s creating a system that would “force the hackers to have to go device to device to device…rather than attacking one enterprise and millions of people in one shot.”
https://techcrunch.com/2017/10/03/hypr-raises-8-million-to-prevent-another-equifax-hack/