About HyperVerge
HyperVerge is a company based in Palo Alto (United States) founded in 2014 by Saivenkatesh Ashokkumar, Praveen Kumar, Kedar Kulkarni, Kishore Natarajan, and Vignesh Krishnakumar.. HyperVerge has raised $1 million across 1 funding round from investors including NEA, Naya Ventures and Milliways Ventures. The company has 155 employees as of April 08, 2024. HyperVerge operates in a competitive market with competitors including Perfios, Signicat, IDnow, Riskified and Onfido, among others.
- Headquarter Palo Alto, United States
- Employees 155 as on 08 Apr, 2024
- Founders Saivenkatesh Ashokkumar, Praveen Kumar, Kedar Kulkarni, Kishore Natarajan, Vignesh Krishnakumar
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Hyperverge Technologies Private Limited
- Date of Incorporation 30 Dec, 2013
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$11.7 M (USD)37.68as on Mar 31, 2023
-
Net Profit
$1.99 M (USD)27.55as on Mar 31, 2023
-
EBITDA
$2.77 M (USD)24.31as on Mar 31, 2023
-
Total Equity Funding
$1 M (USD)
in 1 rounds
-
Latest Funding Round
$1 M (USD), Seed
Aug 18, 2015
-
Investors
NEA
& 3 more
-
Employee Count
155
as on Apr 08, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of HyperVerge
HyperVerge has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in August 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.0M
-
First Round
First Round
(18 Aug 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Seed - HyperVerge | Valuation | New Enterprise Associates , Naya Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HyperVerge
HyperVerge has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include NEA, Naya Ventures and Milliways Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments are offered to startups by NEA.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in tech sectors
|
Founded Year | Domain | Location | |
|
VC firm investing in the US
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by HyperVerge
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - HyperVerge
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hyperverge Comparisons
Competitors of HyperVerge
HyperVerge operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Perfios, Signicat, IDnow, Riskified and Onfido, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
|
|
| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
|
|
| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
|
|
| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
|
|
| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
|
|
| domain | founded_year | HQ Location |
Identity verification, background screening, and fraud prevention solutions are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Hyperverge
Frequently Asked Questions about HyperVerge
When was HyperVerge founded?
HyperVerge was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is HyperVerge located?
HyperVerge is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of HyperVerge?
Kedar Kulkarni is the current CEO of HyperVerge. They have also founded this company.
Is HyperVerge a funded company?
HyperVerge is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Aug 18, 2015.
How many employees does HyperVerge have?
As of Apr 08, 2024, the latest employee count at HyperVerge is 155.
What is the annual revenue of HyperVerge?
Annual revenue of HyperVerge is $11.7M as on Mar 31, 2023.
What does HyperVerge do?
HyperVerge was founded in 2014 and is headquartered in Palo Alto, United States. AI-driven solutions are provided for automating identity verification and document processing in sectors such as banking, insurance, eCommerce, and fintech. Services include APIs for KYC, fraud detection, OCR, face authentication, and video validation, along with no-code workflow tools and analytics integrations. Operations support onboarding for industries like gaming, crypto, and logistics.
Who are the top competitors of HyperVerge?
Who are HyperVerge's investors?
HyperVerge has 4 investors. Key investors include NEA, Naya Ventures, Milliways Ventures, and RTBI.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.