Finance automation startup Hyperbots raises $6.5 million from Arkam Ventures, Athera Venture Partners, others
Synopsis
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.
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ETtech L-R- Rajeev Patha, Ram Jayaraman, and Niyati Chhaya, cofounders, Hyperbots 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 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while finance teams globally have embraced digitisation, many still depend on manual processes, siloed systems, and outdated reporting startup claims its AI co-pilots can reduce manual effort by up to 80% and deliver 99.8% accuracy in document processing, resulting in faster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 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.
