Hyperbots, an emerging AI startup specializing in finance and accounting, has secured $2 million in seed funding. The investment round was led by Kalaari Capital and included participation from Sunicon Ventures and Athera Venture Partners.
The funds raised will be allocated towards expanding Hyperbots’ go-to-market strategy and advancing product development, particularly in creating proprietary generative AI models for the finance and accounting sectors.
Established in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, Hyperbots provides comprehensive AI-driven tools designed to streamline various financial processes, such as accounts payable, accounts receivable, and expense management.
The company has developed unique AI Assistants that possess human-like intelligence, enabling automation of manual, analytical, and strategic tasks within finance and accounting. Hyperbots focuses on the US mid-market, catering to companies with annual revenues ranging from $50 million to $1 billion. Their platform integrates AI into every aspect of processes like procure-to-pay, order-to-cash, and expense management, significantly reducing the need for human intervention by up to 80%.
