Finance automation startup Hyperbots has raised $6.5 million in a Series A round. The investment was co-led by Arkam Ventures and Athera Venture Partners, with participation from JSW Ventures, Kalaari Capital, Sunicon Ventures, and Darashaw & Company.
This funding will be used to build new AI products, expand in the U.S., and strengthen the company’s engineering team. For a company that started just in 2023, this shows serious momentum and investor confidence.
What Does Hyperbots Actually Do?
Hyperbots builds Agentic AI co-pilots for finance teams. These are smart tools that automate time-consuming accounting tasks. From reading invoices and matching payments to validating taxes and checking compliance — the bots handle it all.
Their platform plugs into existing systems like ERP and CRM software. It reads documents, pulls out key data, and processes everything automatically. No more boring data entry or late-night reconciliations.
The company claims its AI can deliver up to 99.8% accuracy and cut manual work by nearly 80%.
Behind the Tech: HyperLM and AI-Powered Workflows
One of Hyperbots’ biggest innovations is HyperLM — their own AI language model trained specifically on finance data. It understands accounting terms, financial reports, and tax logic better than generic AI models.
This makes the AI super reliable when it comes to financial work. It can complete processes end-to-end without human help — what they call straight-through processing.
Built with input from CFOs and accountants, the AI doesn’t just automate tasks. It understands how finance really works inside companies.
The Founders Behind Hyperbots’ Success
Hyperbots was founded by three industry experts:
- Rajeev Pathak, CEO, who earlier led a $100 million business at Wipro.
- Niyati Chhaya, VP of AI, a former Adobe scientist with a PhD in AI.
- Ram Jayaraman, Head of Engineering, who previously built ed-tech platforms.
While the company is based in US (in Delaware), its tech muscle is powered from Bengaluru, India. So, with 55+ team members already, most of them engineers, the Indian tech hub is critical to Hyperbots’ success.
Why Hyperbots Matters in India and Beyond
Hyperbots is going after mid-sized enterprises, particularly in the U.S., who need finance automation but lack internal AI teams. But the tech is just as relevant in India, where businesses are scaling fast and can benefit from automation.
Globally, finance automation is booming. The market is expected to grow from $8 billion in 2024 to $18 billion by 2030. Hyperbots is stepping in at the right time, with the right product.
Moreover, their customer base already spans industries like healthcare, media, retail, and electric vehicles. And with this funding, they plan to cross 100 customers this year.