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Hypatos has raised $15.9M across 2 funding rounds.
Key people at Hypatos.
Hypatos has raised $15.9M in total across 2 funding rounds.
Hypatos provides AI-powered software solutions for automating complex document-based back-office processes. The platform leverages advanced language processing AI, computer vision, and deep learning to extract, understand, and process data from various business documents. Its primary goal is to enhance operational efficiency, accuracy, and consistency through intelligent data handling automation.
The company was founded in Berlin in 2018 by Uli Erxleben and Janosch Novak. Their founding insight recognized significant inefficiencies within traditional document processing and the transformative potential of applying advanced artificial intelligence to these challenges. This led to the development of a sophisticated platform adaptable to diverse document types.
Hypatos serves enterprises seeking to streamline financial and administrative operations, aiming for greater automation and data integrity. The company envisions a future where AI agents contribute to an autonomous enterprise, informing and executing consistent decisions based on processed data and accumulated knowledge, fostering more efficient organizational structures.
Key people at Hypatos.
Hypatos has raised $15.9M across 2 funding rounds. Most recently, it raised $11.9M Seed in September 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 2, 2020 | $11.9M Seed | — | BlackFin Tech, Grazia Equity, Plug And Play Ventures | Announced |
| Nov 1, 2018 | $4M Seed | — | Redstone | Announced |
Hypatos has raised $15.9M in total across 2 funding rounds.
Hypatos's investors include BlackFin Tech, Grazia Equity, Plug and Play Ventures, Redstone.
Hypatos is a Berlin-based AI company founded in 2018 that builds an intelligent document processing platform powered by deep learning and AI agents to automate the capture, extraction, and processing of transactional documents like invoices, expenses, and claims[1][2][3][4]. It serves enterprise organizations in finance, accounting, procurement, and back-office operations across industries, integrating seamlessly with systems like SAP, Workday, and Microsoft to achieve over 99% automation rates, 80% touchless operations, and significant reductions in errors and processing times[3][5][6]. The platform solves the problem of manual, error-prone document handling by enabling AI agents that perceive, reason, act, and adapt to complex workflows, languages (200+ supported), and regulations, delivering measurable ROI through faster transactions (100x speed), 75% fewer errors, and compliance[2][3][5][6][7]. Hypatos has raised $16.47M, earned recognitions like Challenger in the 2025 Gartner Magic Quadrant for Intelligent Document Processing, and expanded to the US with a Miami office, showing strong growth momentum via Hypatos 3.0 (LLM-enhanced) and specialized AI agents[2][4].
Hypatos emerged in 2018 from smacc, an accounting tool company, when founders Janosch Novak and Dr. Uli Erxleben pivoted to apply deep learning, computer vision, and natural language processing to financial document automation[1][4]. Based initially in Potsdam and Berlin, Germany, the idea stemmed from recognizing the inefficiencies in processing invoices, expenses, credit applications, and claims, evolving smacc's base into a standalone AI platform dubbed "cognitive process automation" (CPA) for superior contextual intelligence over traditional RPA[1][4]. Early traction came via Redstone VC investment in 2018, followed by incubator/accelerator support and over $15M+ in total funding, fueling product iterations like AI Agent Studio and enterprise integrations[1][3][4].
Hypatos rides the wave of agentic AI and hyperautomation, transforming global business services (GBS) from rule-based RPA to autonomous, reasoning agents that manage high-volume documents amid rising enterprise AI adoption[2][5][6]. Timing aligns with LLM advancements (e.g., Hypatos 3.0) and post-2023 regulatory pushes for compliance in finance/procurement, amplified by market forces like labor shortages, error costs in back-office ops, and ERP modernization[2][3][7]. It influences the ecosystem by enabling "fully AI-driven operations" for European/North American enterprises, shortening implementation cycles, boosting productivity (e.g., 3-month STP rates), and setting benchmarks for IDP scale-ups entering the US[2][5][7].
Hypatos is poised to dominate agentic process automation, expanding beyond invoices to full GBS verticals (HR, supply chain) with evolving AI agents that leverage more data for hyper-personalized, compliant workflows[2][6]. Trends like multimodal LLMs, zero-touch enterprises, and AI governance will propel growth, potentially doubling US traction via Miami and partnerships (e.g., Iron Mountain)[2][7]. Its influence may evolve from IDP specialist to core infrastructure for autonomous back-offices, unlocking human focus on strategy as routine tasks vanish—cementing its role in the AI-powered enterprise revolution that began with smacc's pivot.
