"We believe that there is substantial opportunity to disrupt the large and highly inefficient data entry market with high-powered automation tools that leverage recent advances in machine learning and artificial intelligence in a practical, applied fashion and deliver a clear ROI for some of the world's most complex enterprises. Furthermore, we're excited to be expanding our product offering to automate even more types of office work." "We are very excited to be partnering with Peter and the entire HyperScience team," said Stripes Group Partner Ron Shah. In working with Stripes we will be able to deliver more value to more customers by further building out our team and product. By automating data entry, we help our customers in Finance, Insurance, Healthcare and Government extract data better, faster and cheaper. "Whether it's a 300- or 3,000-person team, it's remarkable how manual most of this work has remained, and how understaffed these teams can be as a result. "A lot of people aren't aware of just how expensive and time intensive it is for businesses to collect the information they need, and how prohibitive that can be for the data they'd like to be capturing," said HyperScience CEO Peter Brodsky. The new round of financing will allow HyperScience to further invest in engineering and product development, sales and marketing, and a rapid expansion of the team across all functions. Existing investors FirstMark Capital and Felicis Ventures as well as new investors Battery Ventures, Global Founders Fund, TD Ameritrade and QBE also participated in the round, bringing the company's total funding to $50 million. Our industry-leading machine learning technology continuously learns and evolves, to involve humans only when needed.HyperScience, a leading edge machine learning company offering enterprise-grade solutions for automating office work at scale, today announced a $30 million Series B funding round led by Stripes Group, a New York-based growth equity firm with investments in a number of advanced software, data analytics and enterprise technology companies, including Flatiron Health, Sift Science, SPINS and Upwork, among others. By combining data, people, and processes into digital assembly lines, the Hyperscience Platform turns complex processes into simple, configurable workflows. Our human-centered approach to automation enables a new era of human and machine collaboration that delivers dramatically improved organizational agility, without the legacy cost and burden of change management. Hyperscience is transforming the future of work to elevate human potential. “This infusion of capital will help us support more languages geographically, as well as different types of content and modalities beyond just language, such as voice and images.”įor more information, visit. “The rise in unstructured data has created a rapidly growing gap between strategic questions and quick answers along the decision-making process,” said Peter Brodsky, CEO of Hyperscience. ![]() ![]() With machine learning and its proprietary human-in-the-loop functionality at its core, Hyperscience delivers automation that more easily adapts to business changes and evolving market dynamics-without the traditionally high cost of change management. This latest investment, on the heels of Hyperscience’s first acquisition, underscores growing interest in the company’s deeply human-centric approach that turns antiquated business processes into digital assembly lines, combining data, people, and processes. The new round of investment enables Hyperscience, with nearly 400 global employees-a 72% increase year-over-year-to further invest in talent and R&D, both organically and through acquisition. ![]() NEW YORK – DecemHyperscience, the human centered automation company, today announced it raised $100 million in Series E funding led by existing investors Global Founders Capital, Tiger, Stripes, and Bessemer. Investment underscores the company’s category-creating human-centered approach to automation
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