Hyphenate Raises $45M Series A From Nexus Venture Partners for RL-Driven Corporate Finance Agents

New York startup Hyphenate — founded two years ago by former Microsoft finance-transformation colleagues Ramnandan Krishnamurthy and Ajay Krishna Amudan under the name Maximor — raised a $45M Series A led by Nexus Venture Partners, with B Capital, Foundation Capital and BoldCap also participating, bringing total funding to $54M. The agents use reinforcement learning to automate work across five areas of the CFO's office: order-to-cash, treasury, GL accounting, procure-to-pay, and reporting. The round builds on reported 86x revenue growth after the rebrand.