HYPR and IceKredit signed funding rounds. Regtech product launches were also announced by TTEC, iCIMS, CNote, Red Oak, Buckley LLP and Revelock.
This week, a jury spent roughly ten hours deliberating whether former Minneapolis police officer Derek Chauvin was responsible for the death of George Floyd. The guilty verdict jurors returned on April 20 was celebrated by civil rights activists around the world, and marks the culmination of a new chapter in a push for equity that has been felt by individuals, companies, and governments alike. That change is apparent in the regtech sector, too. This week, three companies launched new products and services focusing on DEI efforts. In addition, major funding rounds were announced for cybersecurity and risk management solutions.
HYPR, Committed to Eliminating Passwords, Announces $35 Million Series C
HYPR’s thesis statement is that customer and employee password-authentication represents a massive cybersecurity risk. The company employs users’ mobile devices, equipped with facial recognition technology, to provide a password-less single sign on function that can operate across services and platforms. On April 20, the company raised a $35 million Series C.
“Removing passwords for customers and employees eliminates a critical…
