Hyperbots Raises $2 Million in Seed Round
Hyperbots, a Dover, DE-based startup specializing in AI-driven finance and accounting solutions, has raised $2 million in a seed funding round.
The round was led by Kalaari Capital, with participation from Sunicon Ventures and Athera Venture Partners.
Kalaari Capital is an early-stage, technology-focused venture capital firm that empowers visionary entrepreneurs to build unique solutions that reshape the way Indians live, work, consume, and transact. The firm invests across Seed and Series A stages.
The company will use the funding to support its expansion efforts, enhance its go-to-market strategy, and accelerate the development of its proprietary generative AI models.
Founded in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, Hyperbots offers end-to-end AI tools for Accounts Payable (AP), Accounts Receivable (AR), and Expense Processing. Their solutions aim to reduce processing times and costs, increase data accuracy, and improve overall financial management efficiency. Hyperbots uses proprietary generative AI models to automate tasks like invoice processing, bill management, and financial forecasting, targeting firms primarily in the U.S. mid-market with revenues between $50 million and $1 billion.
Funding Details
Company: Hyperbots, Inc.
Raised: $2.0M
Round: Seed Round
Funding Date: August 2024
Lead Investor: Kalaari Capital
Additional Investors: Sunicon Ventures, Athera Venture Partners
Company Website: https://www.hyperbots.com/
Software Category: AI Finance and Accounting