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About Owl.co
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$32.7M
Headquarters
Vancouver, Canada
Founded
2018
Overview
Owl.co provides customer insight solutions tailored for the insurance industry, focusing on improving the claims process for bodily injury claims. The platform uses data analytics and machine learning to analyze both structured and unstructured data, allowing insurance companies to access unbiased information about claimants. This helps insurers make quicker and more informed decisions regarding claims, ultimately leading to faster resolutions and improved experiences for claimants. Unlike its competitors, Owl.co emphasizes the use of advanced technology to unlock insights and prioritize claims with high accuracy and efficiency. The company's goal is to streamline the claims process, ensuring that decisions benefit claimants and reduce delays and inaccuracies in the system.
Simplify's Take
What believers are saying
- Owl.co raised $30M to expand its workforce by 20% in North America.
- Integration of AI-driven analytics enhances proactive fraud detection capabilities.
- Growing demand for real-time data processing aligns with Owl.co's platform strengths.
What critics are saying
- Emerging insurtech startups pose a threat to Owl.co's market share.
- Rapid tech advancements may strain resources to keep the platform competitive.
- Data privacy concerns could impact operations due to regulatory scrutiny.
What makes Owl.co unique
- Owl.co uses AI to detect non-eligible insurance claims efficiently.
- The platform aggregates data from trusted sources for unbiased customer insights.
- Owl.co's SaaS model offers scalable and flexible service delivery for insurers.
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Funding
Total Funding
$32.7M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Competitive compensation
Stock options
Medical, dental, vision, & disability insurance
401k
PTO
Personal development
Hybrid working environment
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -6%2 year growth
↓ -7%Owl.co, a leading insurtech dedicated to providing unbiased evidence at scale for life and health insurers, is pleased to announce the addition of Janae Tapley Sorenson as their first-ever Vice President of Growth.
The insurance industry veterans bring extensive technology innovation and claim expertise to strengthen Owl.co offerings. Owl.co has announced the addition of Greg Poulakos and Stacy Varney as Strategic Advisors, and Don Russell as Vice President, Strategic Accounts
Owl.co has announced the addition of Greg Poulakos and Stacy Varney as Strategic Advisors, and Don Russell as Vice President, Strategic Accounts.
owl.co has raised $30 million in its Series B round with a mission to expand its workforce in the United States and Canada by 20 percent.
owl.co, a North American provider of an insurance claims monitoring platform, raised $30M in Series B funding. The round, which brought overall funding to $40m, was led by Cota Capital with participation from Sorenson Ventures, FUSE, Impression Ventures, Luge Capital and Plug and Play Ventures. The company intends to use the funds to scale its […]
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About Owl.co
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$32.7M
Headquarters
Vancouver, Canada
Founded
2018
Owl.co is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today