# Hypatos

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hypatos

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.hypatos.ai
- Total disclosed funding: $12M
- Latest round: Series A (Jan 11, 2022)
- Investors on record: 11

## About

Hypatos GmbH develops AI-driven automation solutions for enterprise back-office functions, enhancing efficiency and accuracy in transactional processes such as invoice processing and expense management.Founded in 2018 in Berlin, Germany, Hypatos GmbH focuses on AI solutions for automating back-office tasks. The company has completed 3 funding rounds, with the most recent being a Seed round in January 2022, raising EUR 10.00 mn from investors including Alcara GmbH and BlackFin Capital Partners. The co-founders, Janosch Novak and Uli Erxleben, have a history of innovation in technology and automation.Hypatos specializes in AI-driven automation solutions tailored for enterprise back-office functions. Their core offerings include AI agents that automate transactional processing tasks, particularly in areas such as accounts payable, invoice processing, and expense management. By leveraging advanced machine learning algorithms, these AI agents can achieve over 99% automation rates for incoming transactions, effectively outperforming traditional optical character recognition (OCR) and robotic process automation (RPA) setups. Their solutions are designed to streamline workflows, reduce manual errors, and enhance decision-making efficiency across various departments. Hypatos serves a diverse client base, including organizations in sectors such as finance, insurance, and global accounts payable, with products deployed in North America, Europe, and parts of Asia.Hypatos has processed EUR 48.5 bn in transactions within a year through its AI agents, which highlights the scale and impact of its automation solutions. The company generates revenue primarily through B2B contracts, where organizations subscribe to its services to enhance their operational efficiency. Clients engage with Hypatos by implementing its AI-driven solutions in their back-office environments, resulting in significant cost savings and productivity boosts. The pricing structure is based on the volume of transactions processed and the specific services utilized, allowing organizations to benefit from a pay-per-use model that aligns costs with operational needs. Flagship products, notably in the domain of intelligent document processing, provide measurable outcomes such as reduced manual processing time and enhanced accuracy, reinforcing Hypatos's value proposition in the market.In January 2022, Hypatos GmbH raised EUR 10.00 mn in Seed funding, which will be utilized for product development and to expand their geographical presence. The company is focusing on launching new AI solutions targeted at improving efficiency in additional sectors, with plans to enter the North American market by the end of 2023. The recent funding will facilitate the development of these upcoming products and support the company's strategic expansion efforts.

## Funding rounds

- Series A, Jan 11, 2022 — DN Capital, Grazia Equity, Framework Ventures
- Seed, Jul 27, 2020, $12M — BlackFin Capital Partners, Grazia Equity, Brandenburg Kapital, Plug and Play, Unternehmertum Venture Capital, Alcara GmbH
- Seed, Jan 1, 2019 — Grazia Equity, Brandenburg Kapital, Dieter von Holtzbrinck Ventures, Cherry Ventures, VR Ventures

## Investors

- Grazia Equity (https://capitalatlas.ai/funds/grazia-equity) — Seed, Series A
- Brandenburg Kapital (https://capitalatlas.ai/funds/brandenburg-kapital) — Seed
- Dieter von Holtzbrinck Ventures (https://capitalatlas.ai/funds/dieter-von-holtzbrinck-ventures) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- VR Ventures (https://capitalatlas.ai/funds/vr-ventures) — Seed
- BlackFin Capital Partners (https://capitalatlas.ai/funds/blackfin-capital-partners) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Unternehmertum Venture Capital (https://capitalatlas.ai/funds/unternehmertum-venture-capital) — Seed
- Alcara GmbH — Seed
- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A