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Just seven months after announcing a $6m seed funding round, Hyperplane, a San Francisco-based data intelligence startup that is building foundation models for banks, announced Wednesday that it has been acquired by Brazil’s Nubank. Hyperplane focused on allowing banks to train their own models to power tools across their risk, collections and marketing departments.
“Nubank’s mission since its founding is to fight complexity and empower fanatical customers,” said Nubank CEO and founder David Velez in Tuesday’s announcement. “Our early investments in AI, coupled with the impressive infrastructure and talent that Hyperplane team has been able to put together, will accelerate our mission. Consumers globally will access not only the very best financial products but also receive truly customized financial advice that empowers them to live a better life.”
https://techcrunch.com/2024/06/26/nubank-acquires-ai-for-banks-startup-hyperplane/
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