Hypatos raises around $11.8 Million to facilitate document processing automation

Hypatos is widely known for its expertise in deep learning technology that powers a broad range of back-office automation, with a primary focus on various industries with financial document processing needs, for example, the insurance and financial sectors.

According to the company, its deep learning tech enables an ‘in-depth understanding’ of document content, and this, in turn, allows the company to provide customers with an array of automation services, including document classification, content validation, information capturing, and data enrichment.

The company claims it will utilize the new proceeds to develop its R&D for the expansion of its AI model portfolio. By reinforcing its business process automation services, the company looks to gain traction across Europe, Asia, and North America. The company’s elite clientele comprises several Fortune 500 companies, leading accounting firms, and over 300 software companies. Recognized for its reliable document processing solutions, Hypatos has created numerous machine learning modules that help enhance the existing systems of its customers, for example, ERP, ECM, RPA, and CRM.

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