UNCLAIMED
HyperScience
Overview
Hyperscience is a software company specializing in intelligent document processing (IDP), founded in 2014 and headquartered in New York City. Initially established in Sofia, Bulgaria, the company has grown to employ over 250 individuals. Hyperscience is recognized for its AI-first approach to optical character recognition (OCR), having developed its own proprietary OCR engine, which differentiates it from traditional engines used by competitors. The company offers end-to-end IDP solutions capable of processing structured, semi-structured, and unstructured documents. In recent years, Hyperscience has reported significant growth, including a 100% increase in the volume of pages processed and an 80% rise in annual recurring revenue attributed to new unstructured data use cases. The firm has raised nearly $300 million in funding, with a notable Series E placement of $100 million in 2021. As it continues to expand its market presence, Hyperscience aims to compete with established players like Kofax and ABBYY in the IDP sector.