Hypercore Raises $13.5M for Private Credit AI Agent

- The private credit market has grown to over $2 trillion, but its back-office operations often rely on manual data entry and spreadsheets, leading to error rates as high as 6.5%. This inefficiency creates a significant opportunity for automation. - Hypercore's platform currently manages over $20 billion in assets across more than 10,000 loans, indicating significant market traction before the new funding. In 2025, the company saw its contractually obligated annual recurring revenue (CARR) grow 3.5 times year-over-year. - The company's "AI Admin Agent" is designed to be more than a traditional loan management system. It acts as an autonomous agent that can execute and automate the entire loan lifecycle—from origination and structuring to servicing and reporting—rather than just storing data for human action. - The founding team, consisting of CEO Daniel Liechtenstein, CTO Tomer Moshe, COO David Yahalomi, and CPO Eitan Frailich, has a background working together in technological units of the Israeli Defense Forces and at a prior fintech software development company. - The round was led by Insight Partners, a global software investor with over $90 billion in regulatory assets under management and a history of backing major tech companies like Wiz and Monday.com. - As part of the investment, Hagi Schwartz, a Managing Director at Insight Partners, will join Hypercore's board. Schwartz has a background as a senior executive and CFO for publicly traded technology companies, including Check Point Software Technologies. - Nadav Eylath, Managing Director of seed-stage firm Atinc (which stands for "at incorporation"), is also on the board. Eylath's firm focuses on investing in companies at their earliest stages and has a track record that includes a 100x return on an early investment in Netlify.