Draft:Hyperscience


Hyperscience is an American software company that develops intelligent document processing (IDP) and enterprise automation software.[1] Founded in 2014 by Peter Brodsky, Krasimir Marinov, and Vladimir Tzankov, the company is headquartered in New York City and maintains engineering operations in Sofia, Bulgaria.[2]

The company develops software that uses machine learning, computer vision, and natural language processing to automate the extraction, classification, and processing of information contained in business documents. Its products are used by organizations in industries including government, healthcare, financial services, manufacturing, and transportation.[3]

History

The company emerged from stealth in 2016 when it announced $18 million in Series A funding led by FirstMark Capital and Felicis Ventures. Early products focused on automating data entry and document-processing tasks through machine learning and computer vision technologies.[3]

In 2019 Hyperscience raised $30 million in Series B financing led by Stripes Group. At the time, the company consolidated several document-processing products into a unified platform designed to automate the conversion of human-readable information into machine-readable data.[1]

The company continued to expand through additional funding rounds in 2020 and 2021, raising capital from investors including Bessemer Venture Partners, Tiger Global Management, Bond Capital, Stripes, and FirstMark Capital.[4]

In 2022, the company opened its headquarters at One World Trade Center in New York City.[5]

Products

Hyperscience develops intelligent document processing software designed to automate the capture, extraction, classification, and validation of information from structured and unstructured documents.

In 2024, the company introduced Hypercell, a platform designed to integrate generative AI technologies into document-centric business workflows.[6] The platform supports deployment across public cloud, private cloud, and on-premises environments.

In 2025, Hyperscience announced Hypercell for SNAP, a document automation solution designed for U.S. state agencies administering the Supplemental Nutrition Assistance Program (SNAP). The product was developed to assist agencies with eligibility verification, recertification workflows, and document-intensive benefits processing.[7]

Operations

Hyperscience is headquartered in New York City and operates engineering and research facilities in Sofia, Bulgaria. The company serves customers in the public sector, healthcare, insurance, financial services, transportation, and manufacturing industries.

Funding

Since its founding, Hyperscience has raised venture capital from investors including FirstMark Capital, Felicis Ventures, Stripes, Battery Ventures, Bessemer Venture Partners, Tiger Global Management, Bond Capital, and Global Founders Capital. By 2021, the company had raised nearly $300 million in venture financing.

References

  1. ^ a b "HyperScience, the machine learning startup tackling data entry, raises $30 million Series B". 16 January 2019.
  2. ^ "All Hyperscience Office Locations".
  3. ^ a b "HyperScience, with $18m in Series A funding, offers AI to solve back-office problems". 15 December 2016.
  4. ^ "Hyperscience Raises $60M Series C Following a Big Year of Growth | Built in NYC".
  5. ^ https://www.gkvarchitects.com/news/the-opening-of-hyperscience-headquarters-designed-by-gkv-architects)
  6. ^ "Hyperscience Unveils New Solution to Unlock GenAI for Mission Critical Applications".
  7. ^ "Hypercell for SNAP brings next-generation AI to state benefit systems". 21 October 2025.

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