Hyperscience, a market leader in hyperautomation and a provider of enterprise AI infrastructure software, today announced strong continued momentum, with record total Q1 2024 ARR, fueling strong year-...
Demand continues to rise for unique Hyperscience hyperautomation platform, which delivers market-leading accuracy and automation to power enterprise AI initiatives
Hyperscience unveils new solution to unlock GenAI for mission critical enterprise applications
Q1 2024 and Recent Highlights include:
NEW YORK: Hyperscience, a market leader in hyperautomation and a provider of enterprise AI infrastructure software, today announced strong continued momentum, with record total Q1 2024 ARR, fueling strong year-over-year growth, and stellar customer retention rates. Hyperscience also today announced Hypercell for GenAI, a new solution that transforms complex documents into LLM and RAG-ready data, accurately, automatically, and continuously. The new solution teaches LLMs the language of the customer’s business, based on ground truth documents embedded at the core of the enterprise.
“Hyperscience provides the ideal platform for organizations seeking to start on their AI journey and achieve tangible, proven ROI,” said Andrew Joiner, CEO, Hyperscience. “Hyperscience allows organizations to transform their back office into a strategic engine for growth and productivity, and our record Q1 results and retention rates, as well as our continued expansion with existing clients, proves the value our customers gain through our platform. This is a milestone moment for Hyperscience, and positions us well as we unveil Hypercell for GenAI, a breakthrough approach that provides an indispensable solution for organizations seeking trusted, accurate outputs and experiences for their enterprise AI initiatives.”
Hyperscience continues to win new customers and expand its footprint with existing ones. Customers leveraging Hyperscience include American Express, Charles Schwab, Fidelity, HM Revenue and Customs, Stryker, The United States Social Security Administration, The United States Veterans Affairs, TreviPay, and several others.
Holly Mensendiek, VP of Global Receivables Management, TreviPay, said, “We are excited to continue our longstanding partnership with Hyperscience to streamline the extraction of financial remits from our diverse customer base. By leveraging the innovative Hyperscience Hypercell, we are able to achieve incredible automation and accuracy rates. Our collaboration with Hyperscience underscores our commitment to efficiency and precision in financial operations, allowing us to better serve our customers.”
Technology leadership and product innovation
Industry accolades and recognition
Hyperscience has secured multiple industry accolades and awards in the last few months:
About Hyperscience
Hyperscience is a market leader in hyperautomation and a provider of enterprise AI infrastructure software. The Hyperscience Hypercell platform unlocks the value of an organization’s back office data through the automation of end-to-end processes, and transforms complex documents into LLM and RAG-ready data to power new enterprise GenAI experiences. This enables organizations to transform manual, siloed processes into a strategic advantage, resulting in a faster path to decisions, actions, and revenue; positive and engaging customer, public, and patient experiences; and dramatic increases in productivity.
Leading organizations across the globe rely on Hyperscience to drive their hyperautomation initiatives, including American Express, Charles Schwab, Fidelity, HM Revenue and Customs, Mars, Stryker, The United States Social Security Administration, and The United States Veterans Affairs. The company is funded by top tier investors including Bessemer Venture Partners, Battery, FirstMark, Stripes, and Tiger Global.
Fonte: Business Wire
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