About HyperScience
Hyperscience is an intelligent document-processing platform for enterprises.
Headquarters
HyperScience, New York
Founded
2014-01-01
Industry
Artificial Intelligence (AI), InsurTech, Machine Learning, SaaS
Last Funding Type
Series E
Valuation
7
Total Funding
$288.88 million dollars
IPO Status
Private
Financial
Hyperscience may be growing as it has recently launched the Hyperscience Hyperautomation Network, which is an expansion of its partner offering and shows a commitment to the enterprise AI ecosystem. This launch indicates an enhancement of its product line and an effort to broaden its market reach. Additionally, the intelligent document processing market, where Hyperscience operates, is projected to exceed USD 122 billion by 2035, suggesting a favorable market trend that could benefit the company. The industry's growth potential is a positive sign for Hyperscience's future prospects in the AI, InsurTech, Machine Learning, and SaaS sectors.
Hyperscience is focused on enhancing machine learning models for intelligent document processing. Their research includes a text recognition system that utilizes a fine-tuning model to improve transcription accuracy from documents. Additionally, they are developing methods to generate relevancy masks through a dynamic contextual script, which likely aids in identifying pertinent information across various document templates. These innovations aim to refine the precision and context-awareness of enterprise document processing.
Hyperscience has been named a Leader in the IDC MarketScape: Worldwide Unstructured Intelligent Document Processing (IDP) Software 2024 Vendor Assessment. Additionally, the company announced a new solution to unlock Generative AI for mission-critical applications.
Hyperscience is focused on enhancing machine learning models for intelligent document processing. Their research includes a text recognition system that utilizes a fine-tuning model to improve transcription accuracy from documents. Additionally, they are developing methods to generate relevancy masks through a dynamic contextual script, which likely aids in identifying pertinent information across various document templates. These innovations aim to refine the precision and context-awareness of enterprise document processing.
Hyperscience has been named a Leader in the IDC MarketScape: Worldwide Unstructured Intelligent Document Processing (IDP) Software 2024 Vendor Assessment. Additionally, the company announced a new solution to unlock Generative AI for mission-critical applications.
Funding Rounds
9
Number of Lead Investors
8
Total Funding Amount
$288.88 million dollars
Number of Investors
27