What is HyperScience?
HyperScience is an artificial intelligence company specializing in intelligent document processing and automation solutions for enterprises. The company's machine learning platform is designed to extract, classify, and process data from a wide array of documents, forms, and unstructured content. By automating manual data entry and streamlining document workflows, HyperScience empowers organizations across financial services, healthcare, insurance, and government sectors to enhance accuracy and accelerate critical business processes. Their technology addresses the complex challenges of data extraction from diverse and often challenging document types, providing a robust foundation for digital transformation initiatives.
How much funding has HyperScience raised?
HyperScience has raised a total of $280.9M across 5 funding rounds:
Series A
$10.9M
Series B
$30M
Series C
$60M
Series D
$80M
Series E
$100M
Series A (2015): $10.9M with participation from FirstMark Capital, Third Kind Venture Capital, and Slow Ventures
Series B (2019): $30M led by TD Ameritrade, Felicis Ventures, Battery Ventures, Stripes Group, Global Founders Funds Management, QBE, and FirstMark Capital
Series C (2020): $60M supported by 3KVC, Penna & Company, FirstMark Capital, Gaingels, Battery Ventures, Felicis Ventures, Tiger Global, Stripes, and Bessemer Venture Partners
Series D (2020): $80M featuring Tiger Global Management , LLC
Series E (2021): $100M backed by Global Founders Capital, Stripes Group, Tiger Global Management, and Bessemer Investment Partners
Key Investors in HyperScience
Global Founders Capital
Global Founders Capital is a global early-stage investor that empowers gifted entrepreneurs by backing them from pre-seed to IPO. With a track record of supporting over five hundred entrepreneurs worldwide, including notable companies like Facebook and LinkedIn, GFC focuses on category-defining ventures.
Stripes Group
Based in New York City, Stripes is a leading growth equity firm that invests in branded consumer and software companies. For over a decade, Stripes has partnered with market-leading businesses, fueling the next generation of iconic companies with service and resources that make a critical difference.
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
What's next for HyperScience?
With the recent major strategic investment and a substantial total funding amount of $280.9M, HyperScience is well-positioned for its next phase of growth. The company is likely to focus on expanding its AI capabilities, enhancing its platform's integration with existing enterprise systems, and broadening its global market reach. Continued investment in research and development will be crucial to maintaining its competitive edge in the rapidly evolving field of intelligent automation. Strategic partnerships and potential acquisitions may also be on the horizon as HyperScience aims to solidify its leadership position and capture a larger share of the enterprise automation market.
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