![]() By automating the transcription of human-readable documents into machine-readable data with far greater speed and accuracy than legacy data capture technologies, HyperScience enables organizations to:Īutomate data entry teams: Deliver faster turnaround times for customers by reducing backend processing time by over 75% HyperScience helps large organizations across industries such as Insurance, Financial Services, Healthcare, and Government reduce their dependence on costly, slow, and error-prone manual data entry operations. HyperScience's platform is already fundamentally transforming how Fortune 1000 enterprises operate, and we believe they are just getting started in realizing the full vision of their offering." "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. "We are very excited to be partnering with Peter and the entire HyperScience team," said Stripes Group Partner Ron Shah. Furthermore, we're excited to be expanding our product offering to automate even more types of office work." ![]() 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. 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.
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