Hyphenate Inc. has raised $45 million in a funding round led by Nexus Venture Partners, securing capital for an effort to create AI agents that can run finances for businesses.
The two-year-old startup drew investors including B Capital Group US LLC to its Series A round, joined by existing backers Foundation Capital LLC and BoldCap Ventures LLC. The New York-headquartered firm known previously as Maximor has now raised $54 million in total.
Founded in 2024 by Ramnandan Krishnamurthy and Ajay Krishna Amudan, the startup competes with the likes of Ramp to develop artificial intelligence platforms for financial services. Hyphenate …