HYPR Corp., a blockchain biometric startup, has announced that it has raised $3 million in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures.

Founded in 2014, HYPR enables Fortune 500 enterprises to scale biometric authentication across millions of users. HYPR biometric security solutions integrate seamlessly into employee and customer-facing applications — allowing users to authenticate with fingerprint, voice, face, palm and eye recognition.

"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”, George Avetisov, CEO of HYPR, said.

According to the official announcement, HYPR plans to use the funds for rapid expansion of its security engineering talent base and its dedicated office space in the Herald Square area of central Manhattan.

“It’s been a great journey of innovation and growth in building HYPR with our partners across the Fortune 500. With some of the industry’s best enterprise software focused venture funds, this financing round will fuel our abilities to better support our large enterprise customers. We’re aggressively expanding our roster of world-class engineers hard at work at our flagship headquarters in the Herald Square area of Manhattan”, HYPR said in a blog post. 

The latest funding round follows a $350,000 private investment round two years ago when the startup was pitching itself as a means to secure bitcoin transactions using a fingerprint, CoinDesk reported.

In March 2016, HYPR partnered with leading Bitcoin security platform BitGo in order to extend biometric authentication to the blockchain space to secure digital assets, cryptocurrency, identities and private keys.

“The HYPR biometric security platform provides enterprises deploying blockchain-based applications a fully interoperable suite for protecting digital assets. Through a partnership with BitGo, HYPR is combining the convenience of biometric authentication with the security of an enterprise-ready multi-signature platform”, the website reads.