Hyperscience
Intelligent document automation for insurers and financial institutions
Overview
Hyperscience is an intelligent document processing (IDP) platform founded in 2014. It classifies, extracts, and validates data from any document type (paper forms, PDFs, handwritten letters) with stated precision of 99.5% and 98% automation rate. Widely adopted in insurance (claims handling, underwriting, compliance) and financial services.
The platform relies on proprietary ML models to handle complex, heterogeneous documents that standard OCR fails on (poorly filled forms, graphics, tables). Hyperscience integrates with major RPA tools (UiPath, Blue Prism) and cloud platforms (AWS/Azure) for hybrid or full-cloud deployments. An AWS partnership specifically targets hyperautomation of insurance documents.
Our verdict
Recommended for insurance and banking back-offices processing large volumes of heterogeneous documents (incoming claims, underwriting files, compliance forms). The ~$50k/year entry point reserves it for organizations with sufficient document volume. SMEs seeking simpler use cases will find cheaper alternatives (Nanonets, Docsumo).