Enterprise mobile security company Hypori this week announced it raised $20 million in a Series A funding round led by GreatPoint Ventures (GPV). To date, the company raised $33.9 million.
Founded in 2013, the Austin, Texas-based company provides organizations with security and management solutions to keep corporate apps and data protected on employees’ personal mobile devices.
The company says it can help address challenges associated with the growing Bring Your Own Device (BYOD) trend, while keeping sensitive data secure on any edge device, for safe remote work.
Adopting a zero-trust approach, where no data is transferred or stored on endpoint devices, Hypori also seeks to reduce device management costs.
Hypori, which already serves the U.S. Department of Defense and various Fortune 500 companies, plans to use the new funds to expand its platform to more sectors, including fintech and healthcare.
“Hypori is poised to capitalize on the perfect storm of demand for Zero Trust Architecture (ZTA) technologies that prevent data-at-rest and data-in-transit, enable secure access and interaction with data, expansion of the remote workforce with access requirements like Bring Your Own Device (BYOD), and growth of 5G enabled mobility,” Jared Shepard, Hypori’s CEO, said.
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