Summary
This document is a vendor vignette that details the company Hyperscience, which specializes in intelligent document processing (IDP). Founded in 2014 and headquartered in New York City, Hyperscience has grown to over 250 employees and has raised nearly $300 million in funding. The document outlines the company's advancements in IDP technology, including a proprietary optical character recognition (OCR) engine and a comprehensive platform that incorporates artificial intelligence and machine learning. It describes the company's focus on Human-in-the-Loop (HITL) processes, which enhance automation by allowing human intervention when necessary. The latest release, R36, introduces significant improvements in handling unstructured documents, including features for data extraction, named entity recognition, and redaction of personally identifiable information. The document also discusses the company's competitive positioning in the IDP market and its potential to challenge established leaders like Kofax and ABBYY.
