Hyperscience’s products were used by banks, financial institutions, insurance companies, and hospitals even before the global coronavirus pandemic and it looks like that now these organizations are in need of automation solutions even more urgently than before.īetween Sofia, New York, and London, Hyperscience has grown to about 200 employees in recent years. The new financial injection will be used for the development of the Hyperscience platform, build-out of a partner ecosystem, and further international expansion. Hyperscience states that this new achievement comes in the light 3x Year-over-Year (YoY) revenue growth, accompanied by a 10x increase in platform usage. Coupled with cutting-edge Machine Learning models they’ve built over the years, their technology is outpacing competitors by a landslide,” comments Elliott Robinson, Partner at Bessemer Venture Partners. “Data automation is step zero of any business process and this is Hyperscience’s competitive edge. Hyperscience’s total funding now comes to $190 million. Previous backer – one of the oldest VC firms in the US – Bessemer Venture Partners also participated. Just five months after the originally founded in Bulgaria AI document processing scaleup Hyperscience announced a $60m Series C round, the company attracted a new portion of significant funding – $80 million Series D investment led by Tiger Global and joined by BOND, the VC firm headed by Mary Meeker, previously a partner at Kleiner Perkins.
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