Latest news with #RajeevPathak
Cision Canada
13-05-2025
- Business
- Cision Canada
Agentic AI platform for finance & accounting, Hyperbots, raises $6.5M Series A co-led by Arkam and Athera Ventures
Funds will accelerate U.S. expansion, new co-pilot development, and help launch industry-first LLM – "HyperLM" – pre-trained with millions of data points & reasons for finance and accounting. DOVER, Del., May 13, 2025 /CNW/ -- Hyperbots, the agentic AI platform for finance and accounting, announced today that it has raised a $6.5 million Series A round co-led by Arkam Ventures and Athera Venture Partners. The round also saw participation from new investor JSW Ventures and existing investors, Kalaari Capital, Sunicon Ventures, and Darashaw & Company Sunicon Ventures, and Darashaw & Company. Hyperbots focuses on transforming finance operations for mid-market enterprises. The funds will accelerate U.S. go-to-market efforts and the development of new AI co-pilots, including the launch of HyperLM, the industry's first large language model trained exclusively on finance and accounting data. Founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, Hyperbots automates finance workflows across procure-to-pay, order-to-cash, expense management, analytics, and reporting. Each co-pilot is built in collaboration with CFOs. The team worked with 25+ design partners in the U.S. over 18 months before launching its MVP. The co-pilots integrate with leading ERP, CRM, and finance systems. Since launch, Hyperbots has delivered over 80% straight-through processing, 99.8% document accuracy, and reduced manual intervention by up to 80%, driving faster cycle times and lower costs. Hyperbots is on track to serve 100+ U.S. clients this year across sectors including healthcare, media, manufacturing, retail, EV infrastructure, construction, oil & gas, pharma, and real estate. Rajeev Pathak, Co-founder & CEO, Hyperbots said, "We are entering a new era of finance-and-accounting transformation in the U.S. 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 R&D, accelerate go-lives, and build a GTM ecosystem that will let every mid-market CFO run world-class F&A operations—at a fraction of today's cost and effort." Bala Srinivasa, Managing Director, Arkam Ventures, said, "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." About Hyperbots Hyperbots transform F&A functions using proprietary AI agents that can read structured and unstructured data, process invoices, match and reconcile them, manage accruals, validate taxes, check payment terms, and recommend GL codes for ERP posting with zero to minimal human intervention. Multiple specialized AI co-pilots operate on top of a finance-specific foundational architecture that enables superior intelligence in an F&A context (language, vision, reasoning, interpretation, recommendation, prediction, redaction, exception handling etc.)
Entrepreneur
13-05-2025
- Business
- Entrepreneur
Finance AI Startup Hyperbots Raises USD 6.5 Mn for Expansion
Hyperbots' Series A round was co-led by Arkam and Athera, with JSW, Kalaari, Sunicon, and Darashaw also participating. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Hyperbots, the agentic AI platform transforming finance and accounting operations, has raised USD 6.5 million in a Series A round co-led by Arkam Ventures and Athera Venture Partners. The round also saw participation from new investor JSW Ventures and existing backers Kalaari Ventures, Sunicon Ventures, and Darashaw & Company. The fresh capital will be deployed to scale Hyperbots' go-to-market efforts in the US and accelerate the development of new AI co-pilots, including HyperLM—the industry's first large language model trained exclusively on finance and accounting data. With a US headquarters and an engineering hub in India, Hyperbots is laser-focused on mid-market enterprises looking to modernise their finance operations. "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, Co-founder and CEO 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." Founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, Hyperbots offers AI-native co-pilots that automate core finance workflows like procure-to-pay, order-to-cash, expense management, analytics, and reporting. These co-pilots integrate seamlessly with major ERP, CRM, and finance systems to deliver fast, accurate, and low-intervention processing. Built on a proprietary Agentic AI platform, Hyperbots' co-pilots read structured and unstructured data, process invoices, match and reconcile them, validate taxes, manage accruals, and recommend GL codes—all with minimal human oversight. Designed from the ground up with insights from over 25 design partners, the deployment-ready co-pilots have already demonstrated 99.8% document accuracy and reduced manual effort by up to 80%. Since its seed funding in August 2024, Hyperbots has gained traction with customers across the US, including a NASDAQ-listed healthcare provider, a media conglomerate, and an EV infrastructure firm. The company is on track to serve 100+ clients across sectors such as healthcare, manufacturing, real estate, and oil & gas. Bala Srinivasa of Arkam said, "We were impressed by the accuracy and product breadth of Hyperbots' AI suite for such a young company." Athera's Rutvik Doshi added, "The platform reimagines finance automation for the mid-market like no other." With cutting-edge AI, a clear vision, and growing market momentum, Hyperbots is poised to become a category leader in finance automation.
