Amid growth, Austin software maker Hypori raises $7 million

Jan 9, 2015
Austin American Statesman

An Austin startup founded by two tech industry veterans has raised $7.1 million to roll out its security software for mobile devices


Hypori Inc. received the funding from investors including Green Visor Capital of San Francisco and local real estate developer Dick Anderson


Company founders Justin Marston and Brian Vetter founded the company in 2011 and co-developed the software with the U.S. Department of Defense


Marston was previously founder and CEO of BlueSpace Software Corp., which sold secure virtualization software in the defense sector. Vetter was previously chief technology officer at BlueSpace and at Motive Inc., an Austin-based automation software maker that was acquired by Alcatel-Lucent in 2008


Marston and Vetter started Hypori after meeting the National Security Agency, which was seeking a secure way for employees to access sensitive data on their mobile devices.

“For years, all they had was e-mail that they used Blackberrys to access,” Vetter said. “Now there are so many different devices with corporate apps and data that their employees are carrying around. The question is how do you protect the data if your phone gets left at a Starbucks or in a cab?”


Hypori, which was initially backed by seed money from individual investors, began working with various parts of the Department of Defense. In 2014 the company debuted its secure mobile platform at the Federal Mobility Summit in Washington DC


The NSA was the first user of the software, which protects data on any device an employee might use, from iPhones and iPads to Android smartphones and Windows PCs


Now Hypori wants to expand into the corporate world and will use the new funding to target industries including banking and finance, pharmaceuticals and oil and gas


The 27-person company is hiring in sales, marketing and development and expects to double in size over the next year


“Up until now our money has primarily been spent on engineering – building the product and adding features,” Vetter said. “The new money will allow us to build out sales and marketing and customer support. It will help us build out the rest of the company.”



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