Hyperscience
By Hyperscience
Hyperscience is a prominent player in the field of intelligent automation, focusing on transforming traditional business processes through advanced artificial intelligence (AI) solutions. Below is a comprehensive analysis of the company:
Founded in 2014, Hyperscience specializes in developing AI-centered enterprise software aimed at automating complex, document-heavy workflows. The company's mission is to harness the power of AI to make work more human by reducing monotonous manual tasks and enhancing operational efficiency.
Since its inception in 2014, Hyperscience has experienced significant growth, evolving from a startup to a market leader in hyperautomation and enterprise AI infrastructure. The company has expanded its workforce, reaching nearly 400 global employees—a 72% increase year-over-year as of December 2021.
Hyperscience has secured substantial funding over multiple rounds:
Series E (December 2021): Raised $100 million, led by existing investors Global Founders Capital, Tiger, Stripes, and Bessemer.
Hyperscience platform is designed to automate various business processes:
Data Extraction: Employs machine learning to process structured and semi-structured documents, automating data entry and extracting key details from invoices.
Process Automation: Transforms complex processes into simple, configurable workflows, enhancing organizational agility without the burden of extensive change management.
Hyperscience continually updates its platform to incorporate new functionalities aimed at improving user experience and operational efficiency. These enhancements are part of the company's ongoing efforts to stay at the forefront of technological innovation in the automation sector.
Hyperscience is dedicated to transforming the future of work by elevating human potential. The company's human-centered approach to automation emphasizes collaboration between humans and machines, aiming to deliver improved organizational agility without the legacy costs associated with change management.
Hyperscience serves a diverse clientele across various industries seeking to enhance their document processing workflows. The platform's versatility and integration capabilities make it suitable for sectors such as financial services, insurance, transportation, public sector, and healthcare.
