Hyphenate, a New York company that builds AI agents for corporate finance teams, has raised a $45m Series A led by Nexus Venture Partners. The company announced the round on 27 October 2026.
B Capital joined as a new investor, and existing backers Foundation Capital, BoldCap and Gaia Ventures also took part. The round brings Hyphenate's total funding to $54m. It did not disclose a valuation.
The company changed its name from Maximor to Hyphenate less than a month before the announcement, according to FinTech Global.
“What makes Hyphenate compelling is that autonomy is already showing up in customer operations.”Abhishek Sharma, Managing Director, Nexus Venture Partners
What Hyphenate does
Hyphenate sells what it calls an autonomous finance platform for the office of the chief financial officer. Its agents connect to a company's existing ERP, banking and other systems rather than replacing them.
The agents cover order-to-cash, treasury, general ledger accounting, procure-to-pay, and reporting and insights. According to Tech Funding News, they also learn from a company's spreadsheets, emails and system logs.
The company says its agents now handle about 90% of routine finance work on the platform. It says customers report 90% less repetitive finance work and 75% fewer audit exceptions, and that the average customer runs six modules.
Customers and growth
Hyphenate says its revenue grew 86 times and its customer base 11 times over the past 12 months, and that its annual recurring revenue has passed the multi-million-dollar mark. It did not give an exact figure. Its customers include six public companies.
Named customers include Groupon, Synthesia and online auction platform HiBid. The company says HiBid has run more than $2.5bn in gross merchandise value through its automated order-to-cash process and cut its month-end close from three weeks to one day. It says Groupon is replacing older and in-house tools across treasury, order-to-cash and more than a dozen subledger processes.
Hyphenate also says about 40% of its customers expand their use of the product within the first year.
Finance chiefs at two customers backed the product in the company's announcement. Rana Kashyap, chief financial officer of Groupon, said that as a public company every number it reports has to stand up to scrutiny. Daniel Kim, chief financial officer of Synthesia, said that as an AI company it expects its own operations to run on AI. Hyphenate also says Mini Melts USA recovered 16,640 finance hours a year within three months of going live.
Who is behind it
Hyphenate was founded in 2024 by chief executive Ramnandan Krishnamurthy and Ajay Krishna Amudan, according to Tech Funding News. Both previously led finance transformation work at Microsoft.
The company raised a $9m seed round in September 2025, led by Foundation Capital. Perplexity chief executive Aravind Srinivas and Zuora founder Tien Tzuo invested as angels, according to Tech Funding News.
Abhishek Sharma, a managing director at Nexus Venture Partners, said finance has an unusually high bar for accuracy, controls and auditability, and that Hyphenate was built around that bar.
What the money is for
Hyphenate plans to take its agents further across the finance function and into strategic finance work, with the aim of making transaction records the basis for forecasting and capital decisions. It will also expand its engineering team.
Company website: hyphenate.ai