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Just seven months after announcing a $ 6 million seed funding round , Hyperplane , a San Francisco - based datum intelligence inauguration that is building foundation models for camber , announced Wednesday that it has been acquire by Brazil’sNubank .
Hyperplanewas establish in 2022 by Daniel Silva , Felipe Lamounier , Rohan Ramanath and Felipe Meneses . When the company launched out of stealth last class , Ramanath explained that the primary focusing was to build a personalization bed for banks across the world . “ The goal for Hyperplane is , if bank across the earth have a lot of first - political party data , what does it take to build a information intelligence layer so that banks can stop up in their first - party datum ? ”
Hyperplane focused on allowing banks to train their own model to might tools across their risk , collections and selling departments .
Now , the squad will go forward this work atNubank , thelargest digital banking platformoutside of Asia , which report receipts of over $ 2.7 billion last quarter . Nubank has more than 100 million customers in Brazil , Mexico and Colombia , which , in the circumstance of this acquisition , also means that it has more banking information to aid it power individualise service than well-nigh any other company .
“ Nubank ’s mission since its founding is to fight complexity and empower overzealous customers , ” said Nubank CEO and founder David Velez in Tuesday ’s announcement . “ Our early investiture in AI , copulate with the telling base and talent that Hyperplane team has been able to put together , will speed our mission . Consumers globally will get at not only the very best fiscal ware but also receive truly customized financial advice that empowers them to dwell a good life . ”
Over the year , Nubank has made several tech - focused acquisitions , including Clojure consultancy Cognitect in 2020 , digital broker Easynvest later that year and AI - power financial management startup Olivia in later 2021 , its first AI - centrical attainment .
The two company did not disclose the price of the acquirement . Hyperplane ’s $ 6 million seed funding stave included investment from Lachy Groom , SV Angel , Clocktower Technology Ventures , Liquid2 Ventures , Crestone VC , Soma Capital , Latitud and Atman Capital .
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“ There are fundamental investment a fiscal platform has to make to fulfil on AI . Nubank is the gross home to accelerate our vision of hyper - personalized consumer banking because of the maturity of their data hatful and a acculturation of innovation , ” say Hyperplane co - founder Lamounier .
