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About Hyperscience
Industries
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series E
Total Funding
$281M
Headquarters
New York City, New York
Founded
2014
Overview
HyperScience provides an enterprise AI platform that automates business processes using machine learning. The platform is trained by humans, which allows it to perform complex tasks with high accuracy. It serves various clients, including insurance companies, federal agencies, and financial institutions, helping them to significantly speed up processes and reduce costs. For example, it has enabled an insurance provider to process claims 80% faster and helped a federal agency save $45 million annually by automating claims processing with over 96% accuracy. HyperScience operates on a business-to-business model, customizing its platform for each client and charging them for its use. The goal of HyperScience is to enhance efficiency and cost-effectiveness for businesses through the application of AI and automation.
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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Funding
Total Funding
$281M
Meets
Industry Average
Funded Over
5 Rounds
Bessemer Venture Partners
Tiger Global
Battery VenturesIndustry standards
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
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -3%2 year growth
↓ -6%WESTPORT, Conn., Jan. 7, 2025 /PRNewswire/ -- Manifest, the industry leading software bill of materials (SBOM) and artificial intelligence bill of materials (AIBOM) management platform, today announced that it has achieved FedRAMP® High authorization through Palantir Technologies' FedStart program. Manifest can deliver its industry-leading SBOM and AIBOM management platform to government customers in a FedRAMP®-authorized environment. FedRAMP® High authorization provides assurance that Manifest can handle the most sensitive data across the public sector including law enforcement data, healthcare data, or other mission-critical data
"Already known as a leader in classic high-volume IDP use cases, this year Hyperscience launched its ambitious Hypercell for GenAI offering, an AI infrastructure platform to address that market demand.
JJ Trahan joins Hyperscience from UserTesting, where he most recently served as Senior Vice President North America.
Hyperscience, a market leader in hyperautomation and a provider of enterprise AI infrastructure software, today announced the appointment of JJ Trahan as its new Executive Vice President of Global Revenue, to help lead the company through its next phase of growth and meet the rising demands for enterprise AI solutions.
Hyperscience is collaborating with Google Cloud and Hewlett Packard Enterprise, leveraging AI software that accelerates AI model development by transforming complex documents embedded at the core of the enterprise into an accurate, AI-ready data estate for applications, including generative AI.
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About Hyperscience
Industries
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series E
Total Funding
$281M
Headquarters
New York City, New York
Founded
2014
Hyperscience is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today