May 18 (SeeNews) - US-based office automation solutions provider HyperScience said on Friday it plans to expand its machine learning and artificial intelligence engineering team in Bulgarian capital Sofia, following a recent investment deal with QBE Ventures, the venture capital arm of Australia's QBE Insurance Group.
In addition to its investment, QBE has entered into a multi-year commercial use agreement to roll out HyperScience solutions across QBE globally, HyperScience said in a statement.
As part of the agreement, HyperScience will provide QBE with a platform which will optimize the business processes of the insurer.
The new investment will strengthen HyperScience's positions in Bulgaria where the company's primary development office is based, according to the statement.
QBE Insurance Group is an insurance company with global operations. The company is listed on the Australian Securities Exchange and is headquartered in Sydney.