Hyperscience doubles down on AI and innovation, attracts marquee talent, lands new logos in every region, and accelerates market momentum with strong year-over-year revenue growth
By Andrew Joiner, CEO, Hyperscience
In the rush to deliver agentic and GenAI experiences to employees and their customers, many enterprises have overlooked a fundamental truth: vital data remains trapped in the physical and digital documents they rely on to operate every day. Many organizations struggle to extract this information accurately – or fail to leverage it altogether. This leads to incorrect and incomplete models, which results in negative customer experiences and poor business outcomes.
Put simply, Hyperscience is the market leader in accurate data extraction and process orchestration at scale. This enables us to deliver agentic AI experiences at the micro and macro level. Within the domain of data extraction, our customers can set their goals, across any dimension – accuracy level, automation rate, cost, and more – and Hyperscience delivers agentic AI outcomes aligned to those priorities. Zooming out, this extracted data can be passed downstream to power broader agentic AI experiences, across any domain and industry, including banking, healthcare, insurance, transportation and logistics, and the public sector.
This singular vision and comprehensive AI platform – based on years of expertise and extensive model training – provides Hyperscience with a distinct competitive advantage, and fuels our strong financial outlook.
This vision – and our unique AI platform that makes it a reality – is fueling our success. The following are some key highlights from Hyperscience FY 2024, which closed on February 28, 2025:
- FY 2024 revenue growth of 37%, and 90%+ gross margin, a testament to our growing adoption and technical efficiency of the platform
- Significant new Fortune 500 logo wins and expansions across every region and industry
- GTM expansion with industry veterans and key hires
- FedRAMP High Authorization in partnership with the Palantir FedStart Program
- Several industry awards and accolades
New Logos and Market Expansion
In FY 2024, Hyperscience added several new logos to its robust roster of global customers. These include several Fortune 500 companies in the automotive, financial sector and insurance sectors, as well as large enterprise organizations in transportation and logistics, and the US Public Sector. The new logos and expansions included American Express, DISA Global Solutions, Hirschbach Motor Lines, MetLife, Oregon Health Authority, SingLife, United States Social Security Administration, United States Veterans Affairs, and Volkswagen.
Customers continue to leverage the Hyperscience platform for a variety of use cases including the extraction of complex data from long form documents, accelerating document processing workflows, and driving intelligent decision-making. By harnessing our advanced machine learning and AI capabilities, organizations continue to streamline operations, reduce manual workloads, and achieve greater efficiency and accuracy in their data-driven processes.
Go-to-Market Acceleration
Hyperscience strengthened its go-to-market engine in 2024 and is poised for a breakout year in 2025. In August, the company hired JJ Trahan as Executive Vice President of Global Revenue. JJ brings a proven track record in building high-performing GTM teams at UserTesting, Qualtrics, and Parametric Technology Corporation (PTC). In addition, the company hired new sales leaders for two key business segments: Dave Wiser (US Commercial) and Carl Wright (US Public Sector).
Product Innovation & Industry Recognition
We continued to double down on our technology investments and product innovation to address changing market dynamics and meet the rapidly evolving needs of current customers. Hyperscience launched two major releases of the Hyperscience Hypercell.
- Hypercell R39 introduced enterprise-grade hyperautomation features, including training data management that saves customers time in putting models into production, and multiple table automation for invoices, billing statements, and other complex documents.
- Hypercell R40 delivered capabilities for transformational AI at scale, including long form extraction to unlock insights from dense, long-form documents, drift management to handle previously unseen document types, and enhanced audit log capabilities to support audits and compliance initiatives.
In addition, we unveiled Hypercell for GenAI, a new solution that transforms documents into LLM and RAG-ready data, accurately, automatically, and continuously. Hyperscience is partnering with organizations such as Google Cloud and Hewlett Packard Enterprise to deliver an end-to-end solution that supports foundation models based on data and documents embedded at the core of the enterprise.
Industry Awards, Accolades & Recognition
- Hyperscience Achieves FedRAMP® High Authorization Through Strategic Partnership with Palantir. Hyperscience achieved FedRAMP High authorization in partnership with Palantir Technologies through their FedStart program. This milestone enables Hyperscience to deliver the Hypercell platform to more federal customers in a secure, accredited cloud environment – unlocking expanded opportunities across the public sector. Our relentless focus on security and compliance reinforces our commitment to bringing a world class modular and extensible services architecture to all our customers across any deployment modality required by their business, whether that be on-premises, SaaS, Private cloud tenant or FedRAMP High.
- Hyperscience Wins 2024 Deep Analysis Innovation Award for Hypercell for GenAI. Deep Analysis, a leading analyst firm covering the automation and AI markets, awarded Hyperscience with an Innovation Award for the new Hypercell for GenAI. A second consecutive win for Hyperscience, the award recognized the solution for its ability to transform complex documents into LLM and RAG-ready data, accurately, automatically, and continuously.
- Throughout 2024 and into 2025, four leading analyst firms recognized Hyperscience as a market leader in their vendor evaluation reports of the IDP space, including:
- Forrester Wave™: Document Mining and Analytics Platforms, Q2 2024
- IDC MarketScape: Worldwide Unstructured Intelligent Document Processing (IDP) Software 2024 Vendor Assessment
- GigaOm Radar: Intelligent Document Processing
- Everest Group: Intelligent Document Processing (IDP) and Banking and Financial Services (BFS) specific IDP Products PEAK Matrix® Assessment 2025
People & Culture
Hyperscience continues to attract bright, ambitious leaders and talent and build a world-class organization looking to make an impact in the fields of AI and ML. In FY’24, we grew our employee base by over 10% in the past year, and turnover rates are at multi-year lows. In a strong sign of our culture and reputation, the company welcomed back 11 boomerang employees – team members who left Hyperscience and later returned, which is a testament to our culture and the company we’re building.
What Lies Ahead
As we enter a new fiscal year, we are incredibly excited about what lies ahead. Our focus remains clear: deliver transformative value for our customers, grow responsibly, and lead the next generation of enterprise AI.
Next week, we will be at Google Cloud Next to meet with our key customers, prospects, and industry analysts, and continue to showcase the power of our platform, our people, and our purpose.
We are better positioned than ever to seize the opportunity ahead and build something truly enduring.
