Hyperbots Gets $2 Million in Seed Funding to Use AI-Powered

A new AI company called Hyperbots, with a focus on accounting and finance, has raised $2 million in seed money. Kalaari Capital led the funding round, in which Athera Venture Partners and Sunicon Ventures also participated.

The money received will be used to further product development and expand Hyperbots’ go-to-market strategy, with a focus on developing exclusive generative AI models for the accounting and finance industries.

Hyperbots, a 2023 startup founded by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, offers a wide range of AI-powered solutions for streamlining accounts payable, accounts receivable, and expenditure management, among other financial operations.

The business has created artificial intelligence (AI) assistants that are unlike anything seen in the human world. These assistants can do analytical, strategic, and manual jobs in accounting and finance. Hyperbots targets the mid-market in the United States, serving businesses with yearly sales between $50 million and $1 billion.

Their technology dramatically reduces the need for human interaction by up to 80% by integrating AI into every facet of operations including procure-to-pay, order-to-cash, and expense management.