Hyperscience Valuation, Funding & Investors

Hyperscience is valued at $1.6B as of December 2021.

Last Hyperscience valuation

$1.6B

Series E · Dec 2021

Last Hyperscience funding round

$100M

Series E · Dec 2021

Cumulative funding Hyperscience raised

$289M

across 6 funding rounds

Key investors in Hyperscience

  • FirstMark
  • Felicis
  • Stripes
  • Bessemer Venture Partners
  • Tiger Global
  • Global Founders Capital

Hyperscience Overview

About Hyperscience

Hyperscience is an AI-driven enterprise automation company that processes structured and semi-structured documents using machine learning. Its platform handles data extraction from invoices, compliance reconciliation, and workflow automation to eliminate manual entry. Hyperscience modernizes operations for large organizations and governments in finance, insurance, and public sectors, deploying on-premises and cloud deployments.


Founded

2014

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.6B (Dec 2021)

Hyperscience Valuation

Hyperscience is currently valued at $1.6B, based on its Series E in December 2021.

The $100M round was led by Bessemer Venture Partners, Global Founders Capital and Stripes, with participation from Flucas Ventures and Gaingels.

Hyperscience valuation by funding round

Hyperscience valuation by funding round
DateStageValuation
Dec 2021Series E$1.6B

Hyperscience Funding History

Hyperscience has raised a total of $289M across 6 funding rounds.

Hyperscience's first fundraising round was a $11M Series A in July 2015. The most recent completed round was a $100M Series E in December 2021.

Hyperscience funding rounds

Hyperscience funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series EBessemer Venture Partners (lead); Global Founders Capital (lead); Stripes (lead); Flucas Ventures; Gaingels$100M$1.6BHyperscience is a human-centered automation company founded in 2014 that transforms complex business processes into digital assembly lines by combining machine learning, data, people, and processes with proprietary human-in-the-loop functionality. The platform targets unstructured data challenges in industries like financial services, insurance, transport, logistics, and health care, enabling automation that adapts to changes without high change management costs. It claims to lower costs, reduce error rates by up to 67%, increase employee capacity by 10 times, and improve customer experiences. On December 22, 2021, Hyperscience raised $100 million in a Series E growth equity funding round led by existing investors Bessemer Venture Partners, Global Founders Capital, Stripes, and Tiger Global Management. This brought the company's total funding to approximately $289 million to $388.9 million across multiple rounds, with prior rounds including a $60 million Series C in summer 2020 and $80 million Series D later that year. The post-money valuation was $1.65 billion. The funding supports investment in talent, R&D, international expansion, and acquisitions, following Hyperscience's first acquisition. At the time, the company had nearly 400 global employees, a 72% year-over-year increase, with about 120 in New York City and plans to hire more, particularly in tech roles. CEO Peter Brodsky highlighted the need to address rising unstructured data impacting decision-making, with proceeds earmarked for supporting more languages and modalities like voice and images. Hyperscience positions itself in the growing business process automation market amid demand for digital transformation, competing with players like UiPath which reached a $35 billion valuation. The round underscores investor confidence in its approach, enabling further platform development and enterprise AI ecosystem expansion through initiatives like the Hyperscience Hyperautomation Network.
Oct 2020Series DTiger Global (lead); FirstMark; Bessemer Venture Partners; 3ig Ventures; Bond; Stripes$80M--
Jun 2020Series CBessemer Venture Partners (lead); Third Kind Venture Capital; FirstMark; Battery Ventures; Felicis; Sand Hill Angels; Penna & Company; Tiger Global; Gaingels; West Quad Ventures; Stripes$60M-Hyperscience is an enterprise automation company offering a Software-Defined, Input-to-Outcome Automation Platform that transforms business processes using machine learning for document processing and automation across industries like financial services, insurance, government, BPOs, and logistics. The company raised a Series C round of $60M on June 4, 2020, with lead investor Bessemer Venture Partners and participants including Battery Ventures, Felicis, FirstMark, Gaingels, Penna & Company, Sand Hill Angels, Stripes, Third Kind Venture Capital, Tiger Global, and West Quad Ventures, though exact investor lists vary slightly across sources. This followed a Series B of $27.25M in January 2019 and preceded a Series D of $80M in October 2020 led by Tiger Global with new investor BOND, bringing total funding to $190M at that point. The Series C funding supported Hyperscience's growth amid increasing demand for automation solutions challenging legacy enterprise approaches. By the subsequent Series D announcement in late 2020, the company reported 3x year-over-year revenue growth and a 10x increase in platform usage, indicating strong traction post-Series C, with around 100 customers primarily deriving revenue from financial services. Funds from these rounds were allocated to platform innovation, general availability rollout, partner ecosystem expansion, international growth, and team scaling to position as a leader in horizontal end-to-end automation via Software-Defined Management principles. Hyperscience continued raising capital, including a Series E later in 2021 and Series E-II of $100M on January 11, 2022, with Bessemer, Stripes, and Tiger Global, accumulating over $289M across 17 rounds from 26 investors by 2022. The company remains private without an IPO, operating in the $60B enterprise automation market and competing with firms like Rossum, ABBYY, and Tungsten Automation. It expanded through an acquisition of Boxplot in December 2021 to enhance capabilities.
Jan 2019Series BStripes (lead); FirstMark; TD Ameritrade; Battery Ventures; Felicis; Global Founders Capital; QBE Insurance$30M-Hyperscience is a machine learning company that automates data entry and document processing for enterprise customers in healthcare, insurance, finance, and government sectors. The company emerged from stealth in 2016 with products including HSForms for digitizing handwritten forms, HSFreeForm for processing unstructured content, and HSEvaluate for claims processing. Rather than charging by user seat, Hyperscience uses a document-based pricing model, as automation should reduce human involvement in the workflow. In January 2019, Hyperscience closed a $30 million Series B funding round led by Stripes Group, with participation from existing investors FirstMark Capital and Felicis Ventures, plus new investors Battery Ventures, Global Founders Capital, TD Ameritrade, and QBE Insurance Group. This brought the company's total funding to $50 million at the time. CEO Peter Brodsky highlighted strong product-market fit and stated that the primary growth lever would be the company's ability to build and scale its team using the new capital.
Dec 2016Series AFelicis (lead); FirstMark$8M--
Jul 2015Series AFirstMark (lead); Third Kind Venture Capital; Slow Ventures; BoxGroup; Evolution VC Partners; Felicis; Acequia Capital (AceCap); AME Cloud Ventures; Scott Belsky$11M--

Who has invested in Hyperscience?

23 investors have backed Hyperscience across its funding rounds, including FirstMark, Felicis, Stripes, Bessemer Venture Partners, Tiger Global and Global Founders Capital.

Lead investors include Bessemer Venture Partners, Global Founders Capital, Stripes, Tiger Global, Felicis and 1 other investor.


Hyperscience Investors

Investors in Hyperscience by funding rounds participated
InvestorHQRoundsRoleFirst check
FirstMarkUnited StatesNew York City, NY5LeadJul 2015
FelicisUnited StatesSan Francisco, CA4LeadJul 2015
StripesUnited StatesNew York City, NY4LeadJan 2019
Bessemer Venture PartnersUnited StatesSan Francisco, CA3LeadJun 2020
Third Kind Venture CapitalUnited StatesNew York City, NY2ParticipantJul 2015
Battery VenturesUnited StatesBoston, MA2ParticipantJan 2019
Global Founders CapitalGermanyBerlin2LeadJan 2019
Tiger GlobalUnited StatesNew York City, NY2LeadJun 2020
GaingelsUnited StatesNew York City, NY2ParticipantJun 2020
TD AmeritradeUnited StatesOmaha, NE1ParticipantJan 2019
Slow VenturesUnited StatesSan Francisco, CA1ParticipantJul 2015
BoxGroupUnited StatesNew York City, NY1ParticipantJul 2015
Evolution VC PartnersUnited StatesNew York City, NY1ParticipantJul 2015

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Acquisitions by Hyperscience

Hyperscience has acquired 1 company to date.

Last acquisition by Hyperscience was on December 7th 2021. Hyperscience acquired Boxplot IO for undisclosed valuation.


Latest Acquisitions by Hyperscience

Boxplot IO
Description
Boxplot IO is a collaboration platform for business processes that establishes a unified knowledge repository accessible across organizations. San Francisco-headquartered, it enables teams to document workflows, automate handoffs, and integrate with tools like Slack and Jira. Boxplot serves tech firms and consultancies, supporting multi-tenant environments for partner ecosystems in software development and operations.
HQ CountryGermany
HQ City
Berlin
Deal Date7 Dec 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Hyperscience Competitors

Hyperscience competitors include listed companies like TRS Information Technology and C3.ai, and private ones like H2O.ai, Axiom Math AI, Meshy AI and Odyssey.

Public and private companies comparable to Hyperscience
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x
H2O.aiUnited StatesSan Francisco, CAPrivate--$1.7B-
Axiom Math AIUnited StatesSan Francisco, CAPrivate--$1.6B-
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Meshy AIUnited StatesSan Jose, CAPrivate$30M-$1.5B50.0x
OdysseyUnited StatesSan Francisco, CAPrivate--$1.4B-

Hyperscience Public Comps

Hyperscience is still privately-owned, but its public comps include TRS Information Technology, Wenge AI, C3.ai, Shenzhen Ysstech Info, PCITECH, BigBear.ai, Fractal Analytics, Arcs Co, Haizhi and Optasia.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Wenge AI$60M($20M)27.6x-(82.7x)-
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Shenzhen Ysstech Info$205M$4M7.2x-378.8x-
PCITECH$1.5B$53M0.8x0.9x24.1x-
BigBear.ai$128M($295M)8.3x7.6x(3.6x)(27.8x)
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
Arcs Co$4B$185M0.2x0.2x4.8x4.9x

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Common questions about Hyperscience

When was Hyperscience founded?Hyperscience was founded in 2014.
Where is Hyperscience headquartered?Hyperscience is headquartered in New York City, NY, United States.
Is Hyperscience publicly listed?No, Hyperscience is a private, VC-backed company.
What is Hyperscience's valuation?Hyperscience was last valued at $1.6B in its Series E in December 2021.
How much funding has Hyperscience raised?Hyperscience has raised $289M across 6 funding rounds.
What was Hyperscience's last funding round?Hyperscience's last funding round was a $100M Series E in December 2021, led by Bessemer Venture Partners, Global Founders Capital and Stripes.
Who are Hyperscience's investors?Hyperscience's investors include FirstMark, Felicis, Stripes, Bessemer Venture Partners, Third Kind Venture Capital, Battery Ventures, Global Founders Capital, Tiger Global, Gaingels, TD Ameritrade and 13 others.
Which companies are comparable to Hyperscience?Companies comparable to Hyperscience include TRS Information Technology, H2O.ai, Axiom Math AI, C3.ai, Meshy AI and Odyssey.
How many companies has Hyperscience acquired?Hyperscience has acquired 1 company, including Boxplot IO.

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