• July 4, 2020
Hyperscience Nabs $60 Million in New Funding Amid Covid-Driven Automation Boom

New York City-based automation company Hyperscience announced it has secured $60 million in a Series C funding round. The company said the new cash infusion, which brings the total it has raised in its six-year history to $111 million.

The Covid-19 pandemic has many organizations seriously considering starting or expanding automation and Hyperscience co-founder Peter Brodsky said usage of the company’s platform has tripled since the beginning of the pandemic.

“Enterprises everywhere are accelerating their adoption of automation amidst changing market dynamics and economic uncertainty,” he said.

While Hypersicence’s platform is not RPA, company executives have said RPA is the “orchestration technology” and partnerships with RPA vendors will help companies automate other high-impact business processes, according to Max Lien, head of partnerships at Hyperscience.

“There is a harmonious relationship between RPA and Hyperscience and other kinds of technological capabilities as the business looks to expand,” said Lien.

The funding round was led by Bessemer Venture Partners.