A group of software engineers was looking to apply cutting-edge Machine Learning and AI to the enterprise and use data entry automation to reduce monotonous manual entry. 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!
In 2020, organizations everywhere turned to enterprise data 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.
In 2021, Hyperscience reached new heights. We unveiled the next generation of our Hyperscience Platform, established new offices in Sofia and the 88th Floor of One World Trade, and grew to nearly 400 employees globally! We closed the year by acquiring Boxplot, a startup based in Berlin, Germany, and announcing our $100 million Series E raise, bringing our total funding to $290 million. Our human centered approach to automation continues to streamline enterprise and public sector operations, positively impacting the lives of millions of end customers in turn.
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.