Hypercore Raises $13.5M for Private Credit AI Agent
Hypercore, a vertical SaaS firm, closed a $13.5 million Series A funding round led by Insight Partners. The company is developing an AI-powered administrative agent to automate back-office workflows and loan management for private credit funds, targeting a sector that heavily relies on manual processes and spreadsheets according to reports.
- Hypercore was founded in 2020 by CEO Daniel Liechtenstein, CTO Tomer Moshe, COO David Yahalomi, and CPO Eitan Frailich. The founding team combines backgrounds in economics and technology, with some members having served in the Israeli Air Force's Ofek unit and the IDF's MAMRAM technological unit. - The platform is already managing over 10,000 loans with a total value exceeding $20 billion. In 2025, the company reported a 3.5x year-over-year growth in CARR (customer annual recurring revenue), indicating accelerating demand for its loan infrastructure. - The private credit market is substantial and growing, with estimates of its current size ranging from over $1.67 trillion to $3 trillion. Projections suggest the market could reach approximately $5 trillion by 2029, highlighting the need for scalable, automated solutions to handle the increasing volume and complexity. - Hypercore's AI Admin Agent is designed to automate the entire loan lifecycle, from origination and servicing to monitoring. This addresses a key pain point in the private credit sector, where back-office operations are often fragmented across multiple systems and reliant on manual data entry, which hinders scalability. - Lead investor Insight Partners is a New York-based venture capital and private equity firm with a significant portfolio in FinTech and vertical SaaS. Hagi Schwartz, a Managing Director at Insight, will join Hypercore's board, bringing experience from investments in companies like Monday.com and Wiz. - The AI agents in financial services are designed to be autonomous programs that can interpret data, make decisions, and execute tasks like flagging transactions or updating records to streamline workflows. This technology is being applied to use cases like fraud detection, compliance monitoring, and credit underwriting. - The New York City fintech scene is a major hub, ranking second globally with over 25,000 tech-enabled startups. There is high demand for software engineers, particularly those with AI and data science skills, as fintech startups are aggressively hiring for these roles. - Prior to this Series A, Hypercore participated in the Y Combinator accelerator and had raised a seed round in 2023 led by Atinc. The company currently has around 20 employees.
