Hyperscience

Market position

Positioned as a market leader in intelligent document processing, named a Leader in the first Gartner Magic Quadrant for Intelligent Document Processing Solutions (2025), the Forrester Wave for Document Mining and Analytics Platforms (Q2 2024 and Q2 2026, the latter also as a Customer Favorite), the GigaOm Radar for IDP (Leader and Outperformer), the IDC MarketScape for Worldwide Unstructured IDP Software 2024, the ISG Buyers Guide for IDP, and the Everest Group PEAK Matrix Assessment 2025 for IDP Products.

Emphasizes accuracy on difficult inputs such as handwriting, a model-first ML architecture combined with human-in-the-loop review, extensibility and embeddability via human-readable code, FedRAMP High authorization for government workloads, and output of governed, structured data suitable for training and fine-tuning enterprise LLMs.

Technology

Machine-learning architecture for document understanding, including handwriting recognition and processing of both structured and unstructured documents; proprietary human-in-the-loop review; a vision language model referred to as ORCA; automated labeling, annotation and structuring of documents to produce LLM/RAG-ready training data; extensible via human-readable code (e.g., Python) per Forrester's assessment; FedRAMP High authorization for public sector deployments.

Go-to-market

Direct enterprise and public-sector sales supported by a global revenue organization, plus a partner channel of large IT consulting and systems integration firms including Accenture, Atos, Cognizant, Deloitte, Infosys and Tata Consultancy Services. Marketing leans heavily on third-party analyst recognition (Gartner, Forrester, IDC, GigaOm, ISG, Everest PEAK Matrix), customer case studies and awards.

Large enterprises in regulated industries — financial services, insurance, healthcare/medical devices, transportation and logistics, manufacturing — plus federal, state and local government agencies. Named customers include American Express, Charles Schwab, MetLife, Mutual of Omaha, Stryker, Volkswagen, Mars, Hirschbach Motor Lines, Hanger Clinic, DISA Global Solutions, HM Revenue and Customs, the California Department of Corrections, the Missouri Department of Social Services, the US Social Security Administration and the US Department of Veterans Affairs.

Geography

Headquartered in New York, United States, with global customers and public-sector deployments in the US (Social Security Administration, Department of Veterans Affairs, State of Missouri, California Department of Corrections) and internationally (e.g., HM Revenue and Customs in the UK).

History

Founded in 2013 and based in New York, Hyperscience grew rapidly through 2021, with the Inc. 5000 2021 report citing revenue growth of nearly 1,000% over a three-year window and headcount reaching nearly 400 employees, a 72% year-over-year increase. In December 2021 the company completed its first acquisition, buying graph data modeling startup Boxplot, and raised a $100 million Series E. In March 2022 press reports stated that Hyperscience laid off roughly 100 employees (about 25% of staff) and that co-founder and CEO Peter Brodsky stepped down. The company subsequently continued under CEO Andrew Joiner and has been recognized as a Leader by six analyst firms across 2024-2026 evaluations of intelligent document processing and document mining platforms.

Risks & controversies

In March 2022, reporting indicated Hyperscience laid off approximately 100 employees (roughly 25% of staff) and that co-founder and CEO Peter Brodsky stepped down; the reporting attributed missteps to a hiring blitz in sales and marketing while the software was not resonating with customers as strongly as hoped. Note that a similarly named company, HyperSciences Inc. (hypersciences.com), operates in hypersonic tunneling and mining and is unrelated.