Hyperplane, a San Francisco-based startup that is building foundation models to help banks predict customer behavior, is coming out of stealth today by announcing a $6 million funding round led by former Stripe exec Lachy Groom, who was joined by SV Angel, Clocktower Technology Ventures, Liquid2 Ventures, Soma Capital, Latitud, Atman Capital, Crestone VC and Norte. The general idea here is to help banks use their first-party data to build personalized experiences by predicting user behavior.
The company is already working with about a dozen banks in Brazil and has now set its sights on expanding to the U.S. as well. And while Hyperplane is currently solely focused on the world of banking, over time, the team plans to bring its technology to other verticals, too.
Hyperplane was co-founded by Felipe Lamounier, Daniel Silva, Rohan Ramanath and Felipe Meneses. Lamounier (CEO) spent the last seven years building StartSe, an EdTech startup in Brazil, while Daniel Silva and Rohan Ramanath previously built large-scale AI systems at Google and LinkedIn.