Columbia, Maryland - Hopr, an innovative data security software products company, is excited to announce the successful completion of its latest funding round, raising a total of $500,000. TEDCO, a prominent investor in the technology sector, led the funding. This investment will fuel Hopr's growth and enable the company to further develop its groundbreaking solutions in the field of data security.

Hopr's AMTD solution safeguards workloads, APIs, and data across all cloud environments. It accomplishes this by employing a unique set of methodologies, including frequent credential rotation, establishing end-to-end encrypted communication tunnels, and verifying identities at both endpoints. By documenting and preserving a chain of trust in workload identities, Hopr simplifies the adoption of Zero Trust principles in cloud infrastructures. This approach requires matching credentials to prove identity before granting trust to any workload.

The company's revolutionary CHIPS™ technology forms end-to-end encrypted communication channels between trusted workloads, ensuring the highest level of security. These communication tunnels are ephemeral and self-constructed by trusted workloads on-demand, fortified by symmetric end-to-end encryption without a key exchange. By implementing a Zero Trust framework, trust is verified through the rotation of two credentials at a high frequency. Hopr's solutions are delivered as sidecar containers, enabling fast and low-friction DevOps deployment, and empowering organizations to integrate robust data security measures into their existing infrastructures seamlessly.

"We are thrilled to have the support and trust of TEDCO as we continue our mission to revolutionize data security," said Tom McNamara, Founder of Hopr. "This funding will enable us to further enhance our offerings and provide our customers with the most advanced tools to safeguard their sensitive information. We are dedicated to building a more secure digital future, and we are excited about the opportunities that lie ahead."