Allen & Company LLC

20-50% of help desk calls are in reference to password resets. 80% of cybersecurity attacks are focused on passwords. 92% of businesses believe passwordless authentication is the future of business. HYPR makes a passwordless future a reality with its multi-factor authentication platform that provides industry-leading security without the hassle of remembering passwords. The company focuses on delivering a better user experience with the convenience of smartphones combined with the security of a smart card. The immense shift to work from home has only further accelerated the need for modern security solutions in a remote world and HYPR has been able to more than triple its ARR since its previous funding in the fall of 2019. AlleyWatch caught up with Cofounder and CEO George Avetisov to learn more about the impact the pandemic has on the state of security, the company’s impressive traction, growth plans, and latest round of funding led by Advent International.