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- Hyperscience
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series E | Bessemer Venture Partners (lead); Global Founders Capital (lead); Stripes (lead); Flucas Ventures; Gaingels | $100M | $1.6B | Hyperscience 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 2020 | Series D | Tiger Global (lead); FirstMark; Bessemer Venture Partners; 3ig Ventures; Bond; Stripes | $80M | - | - |
| Jun 2020 | Series C | Bessemer 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 2019 | Series B | Stripes (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 2016 | Series A | Felicis (lead); FirstMark | $8M | - | - |
| Jul 2015 | Series A | FirstMark (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Jul 2015 | ||
| 4 | Lead | Jul 2015 | ||
| 4 | Lead | Jan 2019 | ||
| 3 | Lead | Jun 2020 | ||
| 2 | Participant | Jul 2015 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Lead | Jan 2019 | ||
| 2 | Lead | Jun 2020 | ||
| 2 | Participant | Jun 2020 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Participant | Jul 2015 | ||
| 1 | Participant | Jul 2015 | ||
| 1 | Participant | Jul 2015 | ||
This data is available for Pro users. Sign up to see all 23 Hyperscience investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Berlin |
| Deal Date | 7 Dec 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Hyperscience acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Private | - | - | $1.7B | - | ||
| Private | - | - | $1.6B | - | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Private | $30M | - | $1.5B | 50.0x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $205M | $4M | 7.2x | - | 378.8x | - | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $128M | ($295M) | 8.3x | 7.6x | (3.6x) | (27.8x) | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
| $4B | $185M | 0.2x | 0.2x | 4.8x | 4.9x | |||
This data is available for Pro users. Sign up to see all Hyperscience competitors and their valuation data. Start Free Trial | ||||||||
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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