Silicon Valley Startup Hyperplane Acquired by Nubank  to Improve Banking Services with AI

Nubank, a leading digital banking platform, announced its acquisition of Hyperplane, a data intelligence company based in Silicon Valley. This strategic move aims to bring more advanced, personalized financial products and services to Nubank's customer base. Hyperplane, founded in 2022 by Daniel Silva, Felipe Lamounier, Rohan Ramanath, and Felipe Meneses, has developed proprietary foundation models for financial services. Their platform enables financial institutions to train, evaluate, and deploy self-supervised, deep-learning models on first-party data, facilitating decision-making across various business domains including risk assessment, collections, and marketing. The acquisition aligns with Nubank's "AI-first" approach, which goes beyond simply connecting models or systems. By