# HyperTrack

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

- Industry: Software
- Headquarters: Berkeley, US
- Website: www.hypertrack.com
- Total disclosed funding: $30M
- Latest round: Series A (Mar 15, 2022)
- Investors on record: 6

## About

HyperTrack, Inc. specializes in workforce management by offering advanced location intelligence solutions that enhance operational efficiency for businesses in the gig economy and field service sectors.Founded in 2015 by Kashyap Deorah, HyperTrack, Inc. is based in Berkeley, US. The company focuses on providing location-based services with a significant pivot towards enhancing logistics and workforce management operations. With a total of 3 deals, HyperTrack raised USD 21.80 mn in its Series A funding round on March 15, 2022, led by WestBridge Capital and Nexus Venture Partners. This funding represents the total amount raised by the company since its inception.HyperTrack's primary offerings enhance workforce management through APIs and SDKs that facilitate real-time tracking, automate workflows, and streamline payroll processes. The company's tools are utilized by clients such as Nursa, Traba, and REACH, addressing challenges like no-shows and last-minute cancellations. Their solutions serve diverse sectors including healthcare staffing, logistics, and field service, especially in North America, allowing organizations to automate shift management, payment verification, and resource planning.The company operates on a B2B revenue model, engaging clients through partnerships and subscriptions for its workforce management solutions. Their pricing structure is based on tailored subscription models that cater to the specific needs of businesses, enhancing productivity through tools like real-time tracking APIs. Service agreements establish the terms of use and performance metrics linked to the efficiency of the provided solutions.With the recent funding of USD 21.80 mn raised in March 2022, HyperTrack plans to expand its global engineering team to support ongoing development. The company aims to launch new products designed to further enhance workforce management capabilities and explore new markets, particularly targeting opportunities in Europe and Asia by 2024.

## Funding rounds

- Series A, Mar 15, 2022, $22M — Nexus Venture Partners, WestBridge Capital
- Series A, Jun 12, 2017, $7M — Founders Fund, Nexus Venture Partners
- Seed, Feb 6, 2017, $1.5M — Social Capital, Vy Capital, Investopad

## Investors

- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Seed
- Investopad — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series A
- WestBridge Capital — Series A