Hyperplane, which debuted in 2022, assists banks in realizing the value of their first-party data to produce customized client experiences.

Using first-party data, the platform helps clients train, assess, and use self-supervised, deep learning models for decision-making. Banks may train hundreds of custom models in a variety of business sectors, including risk, collections, and marketing, by serving as a central hub.

A few months after raising $6 million in early money, Brazil's Nubank, a massive digital bank that just surpassed 100 million customers, has acquired the firm.

According to Nubank, Hyperplane's technology will easily integrate and provide instant advantages, offering clients financial products and services that are fairer, more intelligent, and more customized.

Every day, the bank processes petabytes of data. In order to "create the best customer experience at every step of their journey," the product and engineering teams will rely on Hyperplane to power their basic machine learning capabilities. This will involve constructing foundational models.

"Nubank's mission since its founding is to fight complexity and empower fanatical customers," states David Velez, CEO of the bank. Our goal will be expedited by our early AI investments as well as the outstanding talent and infrastructure that the Hyperplane team has assembled."