Leading mobile access provider to expand market reach through financial investment from UBS AG, Carahsoft and AE Industrial Partners

January 28, 2025 09:00 AM Eastern Standard Time

RESTON, Va.–(BUSINESS WIRE)–Hypori, the innovative mobile access platform provider enabling secure virtual access to enterprise apps and data from any mobile device with total personal privacy, today announced the completion of a strategic $12 million Series B extension. The round, including investments from UBS AG (UBS), Carahsoft Technology Group Corp. (Carahsoft) and AE Industrial Partners (AE Industrial), positions Hypori to accelerate the adoption of zero-trust bring-your-own-device (BYOD) programs through its secure mobile access platform technology in existing and emerging markets, and build upon a year of extraordinary growth. With the closing of this extension, Hypori has raised $35M in Series B funding.

“Given our commitment to ensuring complete security of client data, whilst also improving employee mobility, an investment in Hypori seemed a natural fit. We look forward to working with Hypori to co-develop critical tools that align with UBS’s digital strategy.”Post this

“Hypori is at the forefront of digital transformation in today’s security conscious landscape,” said Paul McEwen, Group Head of Technology Services at UBS. “Given our commitment to ensuring complete security of client data, whilst also improving employee mobility, an investment in Hypori seemed a natural fit. We look forward to working with Hypori to co-develop critical tools that align with UBS’s digital strategy.”

This funding round was strategically designed to align Hypori with partners who bring industry expertise and strong customer relationships. These alliances will enable Hypori to scale deployments, deepen its foothold in industries such as defense, healthcare, financial services, and government, and expand into new sectors. Both AE Industrial and UBS join Hypori’s Board of Directors as advisors.

“We’re honored to have AE Industrial, UBS, and Carahsoft’s support as we continue scaling Hypori’s impact across industries,” said Jared Shepard, CEO of Hypori. “Their belief in our product and direction, combined with their strategic guidance and relationships empower us to fast-track product innovation and broaden our market reach. As global threats escalate, organizations are prioritizing mobile security and data protection, while individuals prioritize privacy. Hypori’s ability to mitigate risks and simplify compliance for highly regulated industries positions us to make 2025 a landmark year.”

In 2024, Hypori experienced rapid growth, fueled by significant milestones including a $4.1 million contract with the United States Air Force and Space Force and a $12 million renewal with the U.S. Army. The company also expanded its sales team and earned the Federal Risk and Authorization Management Program (FedRAMP®) “In Process” designation at a high impact level. These achievements have strengthened Hypori’s ability to support organizations leveraging BYOD programs, enabling them to eliminate data-at-rest requirements, mitigate risks of data loss, and neutralize malware threats from end-user devices. To learn more about Hypori, visit www.hypori.com.

About AE Industrial Partners

AE Industrial Partners is a private investment firm with $5.6 billion of assets under management focused on highly specialized markets including national security, aerospace and industrial services. AE Industrial Partners has completed more than 130 investments in market-leading companies that benefit from its deep industry knowledge, operating experience, and network of relationships across the sectors where the firm invests. With a commitment to driving value creation in partnership with the management teams of its portfolio companies, AE Industrial Partners invests across private equity, venture capital, and aerospace leasing.

About UBS AG

UBS AG is a Swiss bank and financial services company formed in 1998 when the Union Bank of Switzerland and Swiss Bank Corporation merged. UBS AG is the parent company of the UBS Group, which includes all its subsidiaries. UBS AG offers a range of financial services, including investment banking, wealth management, asset management, and private banking. UBS AG is the largest Swiss banking institution and the world’s largest private bank. To learn more about UBS AG, visit https://www.ubs.com/global/en/our-firm/governance/ubs-ag.html.

About Carahsoft

Carahsoft is The Trusted IT Solutions Provider. The Reston, Virginia-based firm is one of the nation’s most respected and fastest growing Public Sector-focused distributor serving government, healthcare, education and commercial markets.

About Hypori

Hypori is the mobile access platform enabling secure virtual access to enterprise apps and data from any mobile device with total personal privacy. The Hypori app never processes, stores, or transmits data and does not require traditional application and device management solutions that invade privacy. Trusted by global systems integrators, defense, government, healthcare, and other regulated industries, Hypori is built on a zero-trust architecture that meets the highest security certifications. Hypori’s commitment to security and privacy using virtualization technology enables easy onboarding at scale and improves bring-your-own-device (BYOD) user adoption while reducing the attack surface and enterprise liability. We like to call it one device, zero worries. The company is headquartered in Reston, VA, with a technology hub in Austin, TX. Visit Hypori.com.

Contacts

Hypori Media Contact:
Laura Schwab
Sr. Communications Specialist
Laura.schwab@hypori.com

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