Hyperscience acquires Boxplot
The US-based company and the Berlin-based startup now plan to combine their data collection and modeling offerings.
Machine learning firm Hyperscience has announced it has acquired Berlin-based start-up Boxplot. It is the New York-based company's first purchase of another company. The two vendors hope that combining Hyperscience's platform with Boxplot's graph technology will lead to faster and better results for customers. It is also expected to drive innovation.
"At Hyperscience, we believe that machines and people work better together. This is a core tenet of what we call human-centric automation," said Peter Brodsky, CEO and co-founder of Hyperscience. "Hyperscience processes data and Boxplot connects and stores data relationships. The two fit together harmoniously because how data is stored determines how it can be processed and vice versa." That's how Boxplot co-founder and CEO Fabian Schmidt-Jakobi sees it, "We're excited to become part of the Hyperscience team and merge Boxplot into the Hyperscience Platform," he says.
Boxplot provides a tool for modeling graph data. They are designed to help companies visualize and better understand their customers' data. They should also be able to explore how it relates to other data in their business. Using Hyperscience's platform, companies can read and understand unstructured data - including policies, invoices and emails - at scale. This is said to speed up processing time by a factor of ten. The combination of the two platforms is now expected to improve the offering.
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