Hyperscience

About Hyperscience

Financials

Dated, source-cited figures. Estimates are marked.

Products by Hyperscience

All products by Hyperscience reviewed by our AI panel of experts.

HyperscienceAI Document Processing

Automate document processing with AI-powered machine learning

Free7.8/10

How Our Review Panel Scores Hyperscience

Six independent reviewer personalities assessed Hyperscience's product on their own terms. They landed within 0.9 points of each other, an unusually strong consensus.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Hyperscience competes with, and how they differ.

ABBYY7.8/10

Vantage runs on ABBYY's long-standing OCR/AI engine with a low-code Skill Studio for building document workflows across finance, insurance and government — a similarly broad enterprise scope to Hyperscience, but built around packaged OCR tooling rather than Hyperscience's human-in-the-loop model training.

1 product reviewed on TopReviewed

Instabase, Inc.7.6/10

Instabase positions itself as a foundation-model-native platform for turning unstructured documents into auditable structured data for the same large regulated enterprises (banking, insurance, government) Hyperscience targets, leaning more on LLM-based extraction versus Hyperscience's proprietary ML-plus-human-review pipeline.

1 product reviewed on TopReviewed

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Indico Data7.0/10

Indico focuses specifically on unstructured document automation and decisioning for insurance claims and financial services — a narrower vertical slice of the same regulated-industry buyer Hyperscience serves more broadly across insurance, banking and government benefits.

1 product reviewed on TopReviewed

Nanonets8.0/10

Nanonets offers self-serve OCR/IDP workflow-building aimed at mid-market and SMB teams, competing on price and ease of setup rather than the enterprise-scale accuracy guarantees and FedRAMP High-authorized government deployments Hyperscience sells on.

1 product reviewed on TopReviewed

Ocrolus7.3/10

Ocrolus specializes in financial-document verification (bank statements, pay stubs, tax forms) for lenders, overlapping with Hyperscience's mortgage- and lending-processing use cases but without Hyperscience's reach into insurance, government benefits and freight billing.

1 product reviewed on TopReviewed

reciTAL7.0/10

reciTAL applies NLP-driven extraction and classification to business documents for European enterprises, competing on cross-lingual document understanding — a narrower technical niche than Hyperscience's end-to-end human-in-the-loop automation platform.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Hyperscience's history, with sources.

1. Sep 8, 2025Milestone

   Named a Leader in the first-ever Gartner Magic Quadrant for Intelligent Document Processing Solutions

   Hyperscience was positioned furthest for Completeness of Vision among 18 vendors evaluated in Gartner's inaugural IDP Magic Quadrant.

   hyperscience.ai
2. Apr 25, 2023Milestone

   Andrew Joiner appointed Chief Executive Officer

   Joiner, previously CEO of InMoment and a former HP Software/HP Autonomy executive, took over as permanent CEO, succeeding the interim leadership installed after the 2022 restructuring.

   hyperscience.ai
3. March 2022Milestone

   Laid off ~100 employees (25% of staff); co-founder CEO Peter Brodsky steps down

   Cuts followed the company missing financial targets for the fiscal year ended February 28, 2022, after over-expanding sales and marketing. COO Charlie Newark-French took over as interim CEO. Came roughly three months after the $1.65B Series E.

   automationtoday.net
4. Dec 22, 2021Funding

   Series E — $100M at a $1.65B post-money valuation

   Led by existing investors Global Founders Capital, Tiger Global, Stripes and Bessemer; brought nearly 400 global employees (a 72% YoY increase). The Information reported the round valued the company at $1.65 billion post-investment.

   hicounselor.com
5. Dec 7, 2021Acquisition

   Acquired Boxplot, a Berlin-based graph data modeling startup

   Hyperscience's first acquisition; Boxplot's graph data modeling tool lets customers visualize relationships across their data. Deal signed December 6, 2021.

   hyperscience.ai
6. Oct 19, 2020Funding

   Series D — $80M led by Tiger Global

   New investor BOND joined; Bessemer Venture Partners and existing major investors also participated. Announced five months after the Series C, bringing total funding to $190M.

   prnewswire.com
7. Jun 5, 2020Funding

   Series C — $60M led by Bessemer Venture Partners

   Participants included Tiger Global Management, Stripes Group, FirstMark Capital, Battery Ventures, Felicis Ventures and 3KVC, bringing total funding to $111M.

   globalventuring.com
8. Jan 16, 2019Funding

   Series B — $30M led by Stripes Group

   Round included existing investors FirstMark Capital and Felicis Ventures plus new investors Battery Ventures, Global Founders Capital, TD Ameritrade and QBE, bringing total funding to $50M.

   techcrunch.com
9. Dec 15, 2016Funding

   Series A — $18M led by FirstMark Capital and Felicis Ventures

   HyperScience exited stealth with an $18 million Series A, with participation from Third Kind Ventures, AME Cloud Ventures, Slow Ventures, Box Group, and Acequia Capital.

   techcrunch.com
10. 2014Founded

    Founded in Sofia and New York by Peter Brodsky, Krasimir Marinov, and Vladimir Tzankov

    Peter Brodsky (a serial entrepreneur previously of SoundCloud/Instinctiv) co-founded Hyperscience with engineers Krasimir Marinov and Vladimir Tzankov, building an R&D unit in Sofia, Bulgaria alongside its US headquarters.

    trendingtopics.eu