# Hyperspace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyperspace-3

- Industry: Semiconductors
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.hyper-space.io
- Total disclosed funding: $9.5M
- Latest round: Seed (Aug 6, 2024)
- Investors on record: 3

## About

Founded in 2021 in Tel Aviv-Yafo, Israel, Hyperspace Ltd. operates as an information technology company that develops advanced search database technology. The company was founded by its CEO, Ohad Levi, and CTO, Max Nigri. In August 2024, Hyperspace raised USD 9.5 million in seed funding led by MizMaa Ventures, Johnson Venture Partners, and toDay Ventures.

Hyperspace specializes in a cloud-native search database, enabling users to run diverse types of searches at any scale without sacrificing performance or consistency. The core product leverages a purpose-built chip that enhances search capabilities in data-intensive applications, allowing for state-of-the-art similarity queries through a combination of vector search and traditional search functions, such as metadata filtering and TF-IDF. This technology is designed to optimize computational efficiency and memory usage, making it suitable for enterprises needing to handle billions of queries with reduced costs. The company primarily serves sectors, including fintech, e-commerce, and data analytics, with a client base that includes names such as Forter, Renovai, and nSure.ai.


Hyperspace plans to utilize the August 2024 funding to develop its artificial intelligence platform further.

## Funding rounds

- Seed, Aug 6, 2024, $9.5M — MizMaa Ventures, toDay Ventures, Johnson Venture Partners

## Investors

- MizMaa Ventures (https://capitalatlas.ai/funds/mizmaa-ventures) — Seed
- toDay Ventures (https://capitalatlas.ai/funds/today-ventures) — Seed
- Johnson Venture Partners (https://capitalatlas.ai/funds/johnson-venture-partners) — Seed