Blockchain Biometrics Startup Raises $3 Million in New Funding

A startup aiming to bridge the worlds of blockchain tech and biometric security has raised $3m in new funding.
HYPR raised the funds from RTP Ventures, Boldstart Ventures and Mesh Ventures. The funding round comes just under two years after the startup closed a $350,000 private investment, while at the time pitching itself as a means to secure bitcoin transactions with the help of a fingerprint.
According to George Avetisov, CEO of HYPR, the majority of the funds will be used to build out the startup’s development team, based primarily in New York.
Avetisov said of the funding round:
“As traditional identity verification measures continue to fail, we are witnessing significant enterprise validation of the biometric security space. This signifies a tipping point in mass adoption of secure password-less authentication.”

This post was published at Coin Desk on October 18, 2016.