New York City-based Hyperscience recently announced it has raised $80 million in new funding. The Series D round, led by Tiger Global, follows a $60 million raise in June and indicates continued strength in the automation/RPA space.
Hyperscience said it will use the cash infusion to accelerate the development of its platform. It expects the automation technology to be available “early next year.”
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.
Hyperscience has raised a total of $190 million in its six-year existence.