"There is no bigger opportunity in security right now than to replace every password with biometrics," Ed Sim, managing partner and founder of Boldstart Ventures, said in the release. Hypr , a biometric security start - up has secured $ 5 million ( £ 2.4 m ) funding from New York - based venture capital companies RTP Venture , Boldstart Ventures and Deep Mesh Ventures . Hypr will use the funds to hire more security engineers and expand its Manhattan office space . Its technology replaces the need for passwords and PIN numbers on websites and shopping sites by storing biometric data ( fingerprint , voice , face , eye and voice recognition ) on individual devices .
Hypr , a biometric security start - up has secured $ 5 million ( £ 2.4 m ) funding from New York - based venture capital companies RTP Venture , Boldstart Ventures and Deep Mesh Ventures . Hypr will use the funds to hire more security engineers and expand its Manhattan office space . Its technology replaces the need for passwords and PIN numbers on websites and shopping sites by storing biometric data ( fingerprint , voice , face , eye and voice recognition ) on individual devices .