Hyperscience Joins Microsoft for Startups

May 11, 2021 09:00 AM EDT  •  

NEW YORK–(BUSINESS WIRE)–Hyperscience, the automation company, today announced its participation with Microsoft for Startups and its listing on Microsoft’s Azure Marketplace. Joining the program will help Hyperscience strategically accelerate its growth and achieve success with Microsoft Enterprise customer sales channels and their global partner ecosystem—fueling digital transformation journeys across the government, insurance, healthcare, and financial services industries.

Microsoft for Startups is designed for high-potential startups with solutions targeting enterprise customers. It helps businesses accelerate growth with a set of technical benefits exclusive to participating startups and has a positive impact on enterprise customers of both Microsoft and Hyperscience. Hyperscience is listed on Azure Marketplace and customers who purchase Hyperscience through Marketplace will receive Azure consumption commitment benefits.

“Joining the Microsoft program is great validation of the new class of enterprise automation software we have been building here at Hyperscience,” said Charlie Newark-French, COO of Hyperscience. “2020 was a year of rapid growth for us. The Microsoft program will enable us to accelerate this growth, allowing more enterprises to access our Machine Learning software. We’ll help current and future Microsoft customers connect human and Artificial Intelligence to solve tomorrow’s automation challenges today.”

By leveraging proprietary Artificial Intelligence and Machine Learning automation technology, Hyperscience parses through vast amounts of complex document types and automatically extracts machine-readable data for further processing—seamlessly creating input to actionable data workflows. The Hyperscience Platform modernizes mission-critical business processes, empowering organizations, customers, and end consumers everywhere with a 67% increase in accuracy, 10x faster processing times, and up to 90% in cost reduction.

Azure and Hyperscience customer Precision Medical Products (PMP) has doubled its order processing speed and streamlined billing with a strategic cloud-first approach. Prior, PMP’s manual process was time-consuming and expensive, leading to costly clerical errors in the reimbursement process with insurance carriers. Since implementing Hyperscience and Azure, PMP has increased throughput by 2x, realizing efficiency and improved data quality with fewer errors in daily operations.

“Hyperscience and Microsoft Azure enable my team to receive order information easily and extract document data accurately and efficiently—digitally, in the cloud,” said Matt McGinley, CIO at Precision Medical Products. “Both made it easy to choose between automating sales order processing or devoting more resources to manual keying. We found true technology partners in Hyperscience and Microsoft, and we’re excited to continue to utilize both platforms’ capabilities to better our business.”

“Nearly every industry today deals with the complexities of analyzing and extracting handwritten documents quickly and accurately—yet limitations arise,” said Jeff Ma, Vice President, Microsoft for Startups. “We’re pleased to welcome Hyperscience to Microsoft for Startups and support their goal of helping our joint customers automate data-centric, mission-critical processes at ease and at precision.”

To learn more about Hyperscience and view their Azure Marketplace listing, click here.

About Hyperscience

Hyperscience modernizes mission-critical processes and operations for Global 2000 organizations and governments. Since 2014, Hyperscience’s automation technology has helped data-centric companies parse through vast amounts of unstructured inputs and raw information to get to swifter and smarter business outcomes. 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. Ranked on the Inc. Fastest-Growing Company List, Hyperscience has raised $190M+ from investors, including Tiger Global, BOND, Bessemer Venture Partners, Stripes, and FirstMark. The company has a global footprint with offices in New York City, Sofia, Bulgaria, and London, UK. For more information, please visit www.hyperscience.com.


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