Hyperbots Secures $6.5 Million to Advance AI-Powered Finance Automation

Finance automation startup Hyperbots raises $6.5 million from Arkam Ventures, Athera Venture Partners, others

Hyperbots, a startup building AI co-pilots for finance and accounting, raised $6.5 million in Series A funding led by Arkam Ventures and Athera. The funds will support US expansion, new product development, and the launch of HyperLM, its finance-trained proprietary language model.Hyperbots, which builds agentic AI co-pilots for finance and accounting operations, has raised $6.5 million in a Series A funding round co-led by Arkam Ventures and Athera Venture Partners. New investor JSW Ventures and existing backers Kalaari Capital, Sunicon Ventures, and Darashaw & Company also participated in the round. The Bengaluru- and US-based startup will use the funds to expand its presence in the US, build new co-pilots, and launch HyperLM -- a proprietary large language model pre-trained on vast amounts of finance and accounting data. Founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, Hyperbots offers AI-powered tools that automate key finance and accounting tasks such as processing invoices, matching and reconciling entries, managing accruals, validating taxes and checking payment terms. "There are use cases in finance and accounting where an AI agent can achieve straight through tasks with no human touch. We are transforming finance operations and freeing human bandwidths for doing higher order tasks," said Rajeev Pathak, cofounder and CEO of Hyperbots. The startup currently employs around 55 people, with the majority based in its engineering team in Bengaluru. Hyperbots' platform, which he says has been trained on over 30 million finance-specific data points, is tailored for mid-market enterprises in the US. The company noted that while finance teams globally have embraced digitisation, many still depend on manual processes, siloed systems, and outdated reporting cycles. The startup claims its AI co-pilots can reduce manual effort by up to 80% and deliver 99.8% accuracy in document processing, resulting in faster turnarounds and significant cost savings. Hyperbots 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. "We were impressed by the accuracy and product breadth of the Hyperbots agentic AI suite for such a young company. We are excited to back the Hyperbots team that combines deep AI expertise with a relentless focus on customer value and satisfaction," said Bala Srinivasa, managing director, Arkam Ventures.

Hyperbots Bags $6.5 Mn To Automate Finance & Accounting Operations

Last year Bengaluru-based Hyperbots raised $2 Mn in a seed funding round led by Kalaari Capital Agentic artificial intelligence platform for finance Hyperbots has secured $6.5 Mn (around INR 55 Cr) in a Series A funding round co-led by Arkam Ventures and Athera Venture Partners. The round also saw participation from JSW Ventures, along with existing investors, including Kalaari Ventures, Sunicon Ventures and Darashaw & Company. The company plans to use the fresh capital to expand its market reach in the US, besides, building new AI co-pilots for finance teams, including the launch of its large language model (LLM) HyperLM, which is trained exclusively on finance and accounting (F&A) data. "Securing this investment is far more than fresh capital. It is our springboard for a new era of finance and accounting transformation in the US mid-market," said Rajeev Pathak, cofounder and chief executive of Hyperbots. "With our proprietary, domain-trained AI models and agentic workflow engine, we can finally automate the heavy, error-prone work that's been holding finance teams back. This round gives us the resources to deepen our research and development, and build a go-to-market (GTM) ecosystem," he added. Founded in 2023 by Pathak, Niyati Chhaya and Ram Jayaraman, Hyperbots has developed proprietary AI assistants, which have human-like intelligence, to automate manual, analytical, and strategic tasks in finance and accounting, reducing human involvement by 80%. The company claims to have more than 100 clients in the current fiscal year, while serving clients in the US across industries, including healthcare, media, and mid-market enterprises in manufacturing, robotics, electric vehicle infrastructure, apparel and retail, construction, oil and gas distribution, pharma, as well as real estate. The Bengaluru-based startup previously raised $2 Mn in a seed funding round led by Kalaari Capital, with participation from Sunicon Ventures and Athera Venture Partners, last year. To note, Hyperbots was featured in Inc42's monthly series "30 Startups To Watch In September 2024".