Hyperbots, a Bengaluru- and US-based AI startup specializing in finance and accounting automation, has successfully raised $6.5 million in a Series A funding round. The round was co-led by Arkam Ventures and Athera Venture Partners, with participation from JSW Ventures, Kalaari Capital, Sunicon Ventures, and Darashaw & Company.
What is Hyperbots?
Founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, Hyperbots develops agentic AI co-pilots designed to automate complex finance and accounting workflows. These AI tools handle tasks such as:
- Invoice processing
- Reconciliation
- Accrual management
- Tax validation
- Compliance checks
Targeting mid-market enterprises, particularly in the US, Hyperbots aims to reduce manual workloads and enhance operational accuracy. The company’s platform integrates seamlessly with major ERP, CRM, and finance systems, delivering fast, accurate, and low-intervention processing.
Funding Purpose and Future Plans
The newly acquired funds will be utilized to:
- Expand Hyperbots’ presence in the US market
- Develop new AI co-pilots
- Launch HyperLM, a proprietary large language model trained exclusively on finance and accounting data
HyperLM is expected to enable more precise automation across complex finance workflows, helping Hyperbots distinguish itself in the growing field of enterprise AI providers.
Performance and Market Impact
Hyperbots reports significant efficiency gains for its clients, including:
- Up to 80% reduction in manual effort
- 99.8% accuracy in document processing
These improvements result in faster turnarounds and substantial cost savings. The company currently serves clients across sectors such as healthcare, media, EV infrastructure, and retail, and is on track to onboard over 100 customers this fiscal year. Entrackr
Industry Context
The finance and accounting sectors are increasingly adopting AI-driven solutions to streamline operations and reduce errors. Hyperbots’ focus on mid-market enterprises positions it to meet the growing demand for intelligent automation tools that can handle complex financial tasks with minimal human intervention.
Conclusion
With its recent funding, Hyperbots is poised to accelerate its growth and further develop its AI-powered finance automation solutions. The company’s innovative approach and focus on mid-market enterprises make it a notable player in the evolving landscape of financial technology.
