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Hyperbots Inc.
United States
- DOVER, Delaware
- 13/08/2024
- Seed
- $2,000,000
At Hyperbots, we are on a mission to free up humans from mundane and repetitive tasks in finance.
Tasks such as invoice processing, 3-way/2-way matching, accruals, capitalization, GL mapping and updates, early payment discount decisions, procurement process intelligence, employee expense management, receivables, collections, collaboration with employees, vendors, and customers, need to be significantly transformed through AI.
This requires secure, accurate, and state-of-the-art finance-specific AI innovations in NLP, Vision, Language Models, Recommenders, Intelligent Document Processing, Data Visualizations, and Conversational Technology domains.
At Hyperbots, we have rooted our research in the above domains to create significant ROI for AI adoption in finance.
We have designed the AI Assistants from the ground up with help from dozens of CFOs of various industries.
Our AI Assistants for finance are AI-native with inbuilt flexibility to configure them to suit your specific needs with no financing for a custom IT project. Initial trials have demonstrated an 80% reduction in the per-invoice cost of processing due to end-to-end and exhaustive automation. In addition, invoice and expense processing time is slashed from 5-15 days to a few minutes.
Our AI Assistants are ready to deploy, easy to configure and come with inbuilt integrations with widely used ERP, CRM, and other applications.
- Industry Business Intelligence Platforms
- Website https://www.hyperbots.com/
- LinkedIn https://www.linkedin.com/company/hyprbots-systems/
Related People
Rajeev PathakCo Founder
United States -
Pittsburgh, Pennsylvania
At Hyperbots, I am part of the mission to change the way global small and medium enterprises operate in the 21st century. We are building and deploying hyper AI assistants for finance and accounting, making these processes truly autonomous.
Prior to this, I was running funtoot, a disruptive technology product startup for k12 adaptive learning for 9 years. The funtoot raised three rounds of funding, turned profitable, and was acquired by Reliance-Jio-Embibe in December 2019 giving a good cash exit to VC and Angel Investors.
Subsequent to the acquisition of funtoot by Reliance-Jio-Embibe, I was leading content and media development, B2B sales, learning intelligence, content intelligence, learning outcomes, and customer delivery at Embibe. These functions had a team of 1,500 academicians, engineers, sales, and delivery people.
At funtoot following milestones were achieved:
1. 2019 - Strategic acquisition by Embibe, A Reliance-Jio Platfoms company.
2. 2017 - Turned Profitable
3. 2017- Touched 100,000 students lives. Demonstrated learning outcomes (10%-35% improvement)
4. 2013:15 - Raised two rounds of VC funding primarily from Inventus Capital
5. 2012 - Raised funding from Mumbai Angels
6. 2012- Was Winner of the Bloomberg UTV Pitch Contest where 1000 companies participated.
7. 2012 - Was finalist at a leading national innovation award where 400+ companies participated.
8. 2011 - Filed patent for major breakthroughs in disruptive technologies in education
9. 2011 - Launched "funtoot" an intelligent and adaptive personal tutor
Prior to that, I was running ISV Industry (Software Products Industry) P&L for Wipro Technologies. Responsible for business strategy, business development, innovations and business realization. Also responsible for delivery oversight for ISV vertical inclusive of product engineering & IT services.
1. Incubated new business practices at Wipro.
2. 2007: Won Wipro-wide Innovation award for creating a business using a new business model
3. 2006: Won President award for business development
4. 2007: Was selected among top General Managers for a 3 year long Accelerated Leadership Development Program designed & developed by Wipro corporate HR in collaboration with DDI and other global leadership institutes.
5. Won ten deals in 18 months during 2002-2004.
6. Won best manager award in 2000
7. Won best Project manager award in 1999
8. Was part of INSAT 2-C/2-D/2-E teams at ISRO Satellite Center
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