
HyperScience
HyperScience creates AI-centered enterprise solutions for automating work.
USD | 2018 | 2019 | 2020 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 74 % | 162 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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HyperScience is a startup that operates in the artificial intelligence (AI) and automation sector. The company offers an enterprise AI platform that uses machine learning to automate business processes, thereby increasing efficiency and reducing costs. The platform is unique in that it is trained by humans, ensuring that it can handle complex tasks with a high degree of accuracy.
HyperScience's platform is designed to serve a wide range of clients, including insurance companies, federal agencies, and financial institutions. For instance, it has helped QBE, a leading insurance provider, process claims 80% faster by combining human judgement with AI. Similarly, a federal agency has saved $45M per year by using the platform to automate claims processing with over 96% accuracy. TD Ameritrade, a financial institution, was able to quadruple its throughput by automating manual tasks with HyperScience's platform.
The company operates on a business-to-business (B2B) model, selling its AI platform to other businesses. It makes money by charging these businesses for the use of its platform, which can be customized to suit the specific needs of each client.
In summary, HyperScience is a promising startup that leverages AI and machine learning to automate business processes, helping its clients save time and money while increasing efficiency.
Keywords: Artificial Intelligence, Machine Learning, Automation, Business Process Automation, Enterprise AI Platform, Insurance, Federal Agencies, Financial Institutions, B2B, Efficiency.
Tech stack
Investments by HyperScience
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