Overview

Owl.co provides customer insight solutions tailored for the insurance industry, focusing on improving the claim process for bodily injury claims. The platform uses data analytics and machine learning to analyze both structured data, like medical records, and unstructured data, such as correspondence. This analysis helps insurance companies access unbiased information about claimants, enabling them to make quicker and more informed decisions regarding claims. Unlike its competitors, Owl.co emphasizes efficiency and accuracy, aiming to reduce delays and incorrect decisions that often plague the industry. The company's goal is to streamline the claims process, ensuring that it benefits both insurers and claimants, leading to faster resolutions and improved satisfaction.

Simplify's Take

What believers are saying

• Owl.co raised $30M in Series B funding to expand in North America.
• The addition of experienced leaders strengthens Owl.co's strategic capabilities.
• Growing demand for personalized insurance products boosts Owl.co's market potential.

What critics are saying

• Emerging insurtech startups increase competition in the claims processing market.
• Rapid tech advancements may strain Owl.co's resources for platform updates.
• Data privacy concerns could challenge Owl.co's North American operations.

What makes Owl.co unique

• Owl.co uses AI and machine learning for unbiased insurance claim insights.
• The platform analyzes both structured and unstructured data for comprehensive claim assessments.
• Owl.co's SaaS model offers insurers a subscription-based access to advanced analytics.

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Funding

Total Funding

$33.6M

Below

Industry Average

Funded Over

4 Rounds

$22,000,000

Series B

Nov 2021

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$22M

$30M

$45M

$65M

$100M

View all funding stages