USA – Hypori, a Reston, VA-based SaaS company providing secure access to data from the edge, raised an initial $10.5M in Series B funding.
The round, part of a total fundraising round with commitments to invest up to $18M, was led by Hale Capital Partners with participation from GreatPoint Ventures, and GEN David Petraeus. As part of the financing, Martin M. Hale, Jr., Managing Partner at Hale Capital Partners, will join the Hypori Board of Directors. The company intends to use the funds to scale to meet the needs of the U.S. Army phase 3 BYOD rollout currently delivering Hypori Halo to 20k+ users across the Army, Army Reserve, and Army National Guard.Led by CEO Jared Shepard, Hypori empowers customers to protect data within their enterprise by eliminating the edge as an attack surface, preventing data at rest or in transit outside the enterprise. Hypori Halo is a virtualized Android OS that operates as a separate, 100% private, virtual workspace on any mobile device, protecting customer data within their enterprise by preventing data at rest or in transit outside the enterprise. Companies and government agencies using BYOD programs can eliminate data at rest requirements from the physical device, minimize the risk of data loss, and eradicate the threat of malware entering an enterprise from an end-user device with Hypori Halo.The company also has a technology hub in Austin, TX.18/01/2023
