![]() The company said it would use the funds to accelerate the development of its products and expand internationally. With our world-class team and this recent raise, Hyperscience is on track to become a global leader in business automation." "Hyperscience has been accelerating its growth, and we are more motivated than ever to provide our customers with a solution that will power better business outcomes - and consumer experiences - than what's currently available. Without fixing these underlying processes, effective automation is impossible. In a press release, Peter Brodsky, Hyperscience's CEO and co-founder, said: “The glaring problem with legacy technology is that it builds upon broken business processes. Its latest Series D round, announced yesterday, saw the company raise $80mn from lead investor Tiger Global Management, alongside Stripes, FirstMark, Bond and Bessemer Venture Partners. Since its foundation in 2014, the company has raised $190mn across seven funding rounds. ![]() The company envisions a future of streamlined manual processes which allow decision-makers better insight thanks to the data they have to hand. That’s achieved by following Hyperscience’s Software-Defined Management principles, which it says involve treating business processes more like software, allowing said processes to become more measurable and automatable. ![]() The company says its technology can automate 95% of data entry with an accuracy rate of 99.5%, surpassing legacy methods which it identifies as being around 55% accurate. Hyperscience is a New York-based automation company for enterprise, allowing the rapid parsing of raw data.
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