A group of software engineers was looking to apply cutting-edge Machine Learning and AI to the enterprise and automate their own monotonous data entry tasks. They knew reducing the volume of manual work could cut costs, reduce clerical errors, help people do better work, and deliver better customer experiences. Hyperscience was born.
We shipped the first version of our Intelligent Document Processing solution to our first customer, opened our Sofia and NYC offices, created our best-in-class data extraction engine through crowd science, and raised a Series A. Hyperscience was 20 employees strong.
We sold to our first Fortune 500 and government customers, grew our team to 50+ employees and crossed the $1M mark in revenue.
Hyperscience reached hypergrowth! We raised a Series B, moved our NYC team into One World Trade Center, crossed the 100+ employee mark worldwide, opened our second European office in London, grew our partner ecosystem, and tripled our customer base!
2020 was a year unlike any other, and organizations everywhere turned to enterprise automation to reduce operational complexity, lower error rates, and support their customers when they needed it the most. We raised our Series C & D ($140 million in 5 months), grew to more than 220 employees around the globe, and experienced 300% revenue growth year-over-year.
Our technology continues to automate business processes for Global 2000 enterprises and government agencies, impacting the lives of millions of their customers in turn. Our team of 300+ incredible people continues to work remotely to ship product innovation and deliver increased value for our customers and their end customers. Hyperscience is blazing a new path in enterprise automation, and we're just getting started!
Through the Hyperscience Platform, enterprises are empowered to transform their operations, and drive operational efficiency as well as human productivity by fully unlocking the power of their data. Customers who choose Hyperscience experience a 67% increase in accuracy of data processing, up to 10x faster processing time, and a 90% cost reduction with more efficient and streamlined processes.
Our goal is to power every process in the enterprise. Join us for the ride. We’re building a world-class company with the ethos of a small start-up.