Prestigious International Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies
NEW YORK – June 21, 2023 – Hyperscience, a provider of enterprise infrastructure for Artificial Intelligence solutions, today announced that it has been selected as the winner of “Best Handwriting Recognition Solution” award in the sixth annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.
Powered by native AI and core machine learning, Hyperscience has applied its groundbreaking technology to solve specific enterprise problems that traditional technologies have lagged to solve such as handwriting recognition. Hyperscience’s unique approach solves this challenge at scale, across languages and at highest accuracy levels.
The company’s application of AI to handwriting recognition goes far beyond legacy techniques like Optical Character Recognition (OCR) by considering document context and understanding human intent. This approach offers the highest level of accuracy for both printed and handwritten text while also ensuring the high quality data needed for downstream processing.
Most recently, Hyperscience launched two additional new product enhancements using it’s AI infrastructure – Named Entity Recognition (NER) and Text Classification. NER is an out-of-the-box natural language processing machine learning model that helps customers to extract entities such as addresses, names, locations, and companies from the free-flowing text. The Text Classification feature enables customers to automatically categorize and route texts based on intent, sentiment, topic, or other business-specific categories.
“We are uniquely positioned to solve organizations’ automation challenges and legacy technology pain points. By combining the power of native AI and core ML we are providing better outcomes for employees and customers alike,” said Andrew Joiner, CEO of Hyperscience. “Thank you to AI Innovation for recognizing our unique approach and honoring us with the ‘Best Handwriting Recognition Solution’ award. We will continue to challenge legacy technology approaches in the enterprise with our ground-breaking platform.”
The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including Generative AI, Computer Vision, AIOps, Deep Learning, Robotics, Natural Language Processing, industry specific AI applications and many more. This year’s program attracted more than 3,200 nominations from over 20 different countries throughout the world.
“Hyperscience understands that legacy technologies struggle to reliably identify, read, and transcribe the diverse layouts, text inputs, and degradations that make up modern, real-world documents. Messy handwriting or crossed-out lines require time consuming manual intervention,” said James Johnson, managing director, AI Breakthrough. “Congratulations to Hyperscience. Their platform is able to seamlessly process unstructured, semi-structured, and structured documents, turning complex and difficult-to-read forms into decision-worthy data that modern organizations need.”
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About Hyperscience
At Hyperscience, we believe that the dawn of AI represents tremendous potential for enterprises to transform their operations and unlock new levels of efficiency and insight. Our mission is to bring the opportunity of AI to the enterprise, empowering our customers to automate their most complex, mission-critical processes with ease. We’re committed to delivering solutions that not only meet the highest standards of performance, but also inspire trust and confidence in our customers.
Hyperscience is relied upon by the world’s most respected organizations such as Mars, The United States Department of Veterans Affairs, Guardian Life, The International Rescue Committee, and HM Revenue and Customs. Hyperscience is backed by leading investors including Bessemer Venture Partners, Stripes, FirstMark, Battery and Tiger Global.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Computer Vision and more. For more information visit AIBreakthroughAwards.com.
