Is Hyperspell profitable?

No. CB Insights lists Hyperspell's revenue as 0 across all funding rounds as of November 30, 2025, and the company has disclosed no customer revenue or growth metrics publicly.

How much funding has Hyperspell raised?

Hyperspell has raised $5.7M total across four rounds, including a $5.2M Seed VC round closing around December 1, 2025, per CB Insights data dated November 30, 2025. Some aggregators cite only $2M, an apparent earlier snapshot.

Who is Hyperspell's biggest competitor?

Mem0 is Hyperspell's biggest rival. Mem0 raised a $24M Series A on October 28, 2025, roughly 4x Hyperspell's total funding, and became AWS's exclusive memory provider for its Agent SDK in May 2025.

Could AI replace Hyperspell?

Yes, largely. Hyperspell's core functions, connectors, retrieval, memory, are exactly what OpenAI, Anthropic, and Google are building natively into ChatGPT and Claude, and Hyperspell itself shipped MCP connectors into Claude on July 2, 2026, plugging into rather than under those platforms.

Hyperspell is privately held, operating under the legal entity Digital Workers of California, Inc., registered at 1111B S Governors Ave, Dover, DE 19904 as of November 23, 2025. It was founded in 2024 by Conor Brennan-Burke and Manu Ebert and is backed by 15 investors including Y Combinator.

What does Hyperspell actually do?

Hyperspell builds a 'memory and context layer' for AI agents, connecting to Slack, Gmail, Notion, Salesforce and 50+ other tools to synthesize a permissioned context graph that agents can query, using a fine-tuned Llama 3.1 8B Instruct model by default as of July 20, 2026.

YC Fall 2025 · United States

Hyperspell

hyperspell.com ↗

Startup building a shared memory layer that feeds context from work apps into AI agents.

Losing its protection

Assessed 27 July 2026 · Evidence as of 27 July 2026

The structural protection is eroding.

On the recordSince 27 July 2026 · Checkable from Q1 2027 · Every call on the record Checkpoint: Series A fundraise decision, with runway ending as the $5.7M raised so far runs out

The call

Hyperspell sits between enterprise apps and AI agents just as both frontier labs and better-funded rivals build the same connective layer natively.

Hyperspell acts as a memory system that sits between enterprise software and AI assistants, helping them remember information across conversations. The problem is that OpenAI, Anthropic, and Google are now building memory directly into their own AI tools, and AWS chose a competitor called Mem0 as its official memory partner instead. Since other companies can now copy Hyperspell's main feature (connecting to different software) quickly using an open standard called MCP, the company no longer has a unique strength. The one thing that could matter is whether Hyperspell can raise money soon, land major customers, or pivot to focus on specific industries like finance or healthcare where memory tools need special rules.

Why

AI pressure: OpenAI, Anthropic, Google native memory features. ChatGPT and Claude now hold their own memory natively, cutting the need for a separate memory layer like Hyperspell. Could AI do the core job? Yes, likely.

Bigger players: AWS via exclusive Agent SDK partnership with Mem0. AWS picked Mem0, not Hyperspell, as its exclusive memory provider for the Agent SDK in May 2025. Could a giant copy it? Yes, easily.

What protects it. No named customers or proven lock-in yet; its main asset is a broad connector list that MCP lets any rival copy in weeks.

What would change this call

Hyperspell announces a Series A within 12 months. Shows it can close the 4x capital gap versus Mem0 or confirms funding stagnation.
Hyperspell names a paying enterprise customer publicly. Would show real retention beyond pseudonymous testimonials.
AWS, OpenAI, Anthropic, or Google ship upgraded native memory features. Would further shrink the niche for a standalone memory layer like Hyperspell.

Key numbers

$5.7M raised total across 4 rounds (2025-11-30)
Mem0 raised $24M Series A, 4x Hyperspell's total (2025-10-29)
8-person team, San Francisco onsite only (2026-04-01)

Named risks

Frontier labs (OpenAI, Anthropic, Google) shipping native memory could commoditize Hyperspell's core function. Severity: high
AWS already picked better-funded rival Mem0 as exclusive Agent SDK memory provider, closing a major distribution channel. Severity: high
4x capital gap versus Mem0 ($5.7M vs $24M) with estimated 12-18 month runway at current burn. Severity: high
No disclosed revenue or named paying customers as of November 2025, undermining traction claims. Severity: medium
Connector breadth being commoditized by MCP standard, replicable by any competitor in weeks. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Mem0	losing to	Mem0 raised $24M Series A (Oct 28, 2025) and won AWS exclusivity for Agent SDK (May 2025), vs Hyperspell's $5.7M
OpenAI/Anthropic/Google (native memory)	losing to	Frontier labs shipping native memory in ChatGPT/Claude; Hyperspell plugs into them via MCP as of July 2, 2026
Zep	losing to	Zep scores 63.8% vs Mem0's 49.0% on LongMemEval per third-party benchmark, July 9, 2026
Supermemory	contesting	Supermemory raised ~$3M seed (Oct 6, 2025) with angels Jeff Dean and Dane Knecht, reports 26.8K GitHub stars by June 2026
LangChain/LlamaIndex bundled memory	losing to	Incumbent frameworks bundling memory features natively, leveraging existing developer ecosystems

Questions people ask

Is Hyperspell profitable?: No. CB Insights lists Hyperspell's revenue as 0 across all funding rounds as of November 30, 2025, and the company has disclosed no customer revenue or growth metrics publicly.
How much funding has Hyperspell raised?: Hyperspell has raised $5.7M total across four rounds, including a $5.2M Seed VC round closing around December 1, 2025, per CB Insights data dated November 30, 2025. Some aggregators cite only $2M, an apparent earlier snapshot.
Who is Hyperspell's biggest competitor?: Mem0 is Hyperspell's biggest rival. Mem0 raised a $24M Series A on October 28, 2025, roughly 4x Hyperspell's total funding, and became AWS's exclusive memory provider for its Agent SDK in May 2025.
Could AI replace Hyperspell?: Yes, largely. Hyperspell's core functions, connectors, retrieval, memory, are exactly what OpenAI, Anthropic, and Google are building natively into ChatGPT and Claude, and Hyperspell itself shipped MCP connectors into Claude on July 2, 2026, plugging into rather than under those platforms.
Who owns Hyperspell?: Hyperspell is privately held, operating under the legal entity Digital Workers of California, Inc., registered at 1111B S Governors Ave, Dover, DE 19904 as of November 23, 2025. It was founded in 2024 by Conor Brennan-Burke and Manu Ebert and is backed by 15 investors including Y Combinator.
What does Hyperspell actually do?: Hyperspell builds a 'memory and context layer' for AI agents, connecting to Slack, Gmail, Notion, Salesforce and 50+ other tools to synthesize a permissioned context graph that agents can query, using a fine-tuned Llama 3.1 8B Instruct model by default as of July 20, 2026.

Timeline

2026-07-07Hyperspell ships one-click Claude and ChatGPT web connector walkthroughs
2026-07-02Hyperspell ships MCP connector allowing Claude to add it as custom connector
2026-05-28Mem0 publishes 'State of AI Agent Memory 2026' benchmark report
2026-04-01YC job listings show Hyperspell team size at 8, hiring founding engineers in SF
2025-12-01Hyperspell closes $5.2M Seed VC round per CB Insights
2025-10-29Mem0 announces $24M Series A led by Basis Set Ventures and Kindred Ventures
2025-10-15Hyperspell publicly launches via Y Combinator Launch YC
2025-10-06Rival Supermemory raises ~$3M seed led by Susa Ventures
2025-05AWS selects Mem0 as exclusive memory provider for its Agent SDK (Strands)
2024-01Hyperspell founded by Conor Brennan-Burke and Manu Ebert

Revision history

27 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

In the same band

Nexus Terrain Metorial