Hyperscience

Hyperscience

AI platform for automating business processes

About

HyperScience provides an enterprise AI platform that automates business processes using machine learning. The platform is trained by humans, which allows it to manage complex tasks with high accuracy. It serves various clients, including insurance companies, federal agencies, and financial institutions, helping them to significantly improve their operational efficiency. For example, it has enabled QBE to process claims 80% faster and helped a federal agency save $45 million annually by automating claims processing with over 96% accuracy. Unlike many competitors, HyperScience focuses on a B2B model, offering a customizable platform tailored to the specific needs of each client. The goal of HyperScience is to enhance efficiency and reduce costs for businesses through effective automation.

Company Stage

Series E

Employees

201-500

Industries

Enterprise Software, AI & Machine Learning

Total Funding

$281M

Headquarters

New York City, New York

Founded

2014


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Simplify's Take

What believers are saying

  • Collaboration with Google Cloud enhances AI model development for enterprise applications.
  • The Hyperautomation Network expands Hyperscience's partner ecosystem for AI-driven process automation.
  • FedRAMP High authorization positions Hyperscience to handle sensitive government data securely.

What critics are saying

  • Increased competition from companies like Manifest with FedRAMP High authorization.
  • Rapid evolution of generative AI technologies may outpace Hyperscience's current offerings.
  • Reliance on partnerships with Google Cloud and Hewlett Packard Enterprise poses potential risks.

What makes Hyperscience unique

  • Hyperscience's AI platform is trained by humans for high accuracy in complex tasks.
  • The company offers a unique Hypercell platform for generative AI applications.
  • Hyperscience is recognized as a leader in document mining and analytics platforms.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

-5%

Benefits

Top notch healthcare for you and your family

30 days of paid leave annually to help nurture work-life symbiosis

A 100% 401(k) match for up to 6% of your annual salary

6 months paid parental leave (or double salary to pay for your partner’s unpaid leave)

Free travel for any person accompanying a breastfeeding mother and her baby on a business trip,

A child care and education stipend up to $3,000 per month, per child under the age of 21 for a maximum of $6,000 per month total

Flexible work hours that are compatible with having children

Two weeks of severance for every 6 months served with a minimum of 1 month severance

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