Hyperscience Reels In $60 Million Funding

NEW YORK — Hyperscience announced it has scored a $60 million Series C financing round led by Bessemer Venture Partners with major investment by Tiger Global, along with existing investors Stripes GroupFirstMark CapitalBattery VenturesFelicis Ventures, and 3KVC, as well as new investors Gaingels and Penna & Company.

Founded in 2014, Hyperspace offers a platform to help companies automate tasks such as data entry using machine learning.

The company says business has grown 300% Year-over-Year. Month-over-Month usage of its platform during the downturn has increased at a rate that is 3 times greater than what it was before the pandemic,

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. By automating the transcription of human-readable documents into machine-readable data with far greater speed and accuracy than legacy data capture technologies