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Omniscience (company)

Omniscience (company)

Omniscience is an artificial intelligence company providing automated underwriting and risk intelligence services for the insurance industry.

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Edits on 22 Feb, 2023
Katrina-Kay Pettitt"prospector:2312:2416885"
Katrina-Kay Pettitt edited on 22 Feb, 2023
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Edits on 20 Sep, 2022
Katrina-Kay Pettitt"prospector:1927:1385035"
Katrina-Kay Pettitt edited on 20 Sep, 2022
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Edits on 22 Jul, 2022
Golden AI"clean up phone number value"
Golden AI edited on 22 Jul, 2022
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Phone number
+1.650.600.7288
Phone number
+16506007288
Edits on 10 Jun, 2022
Golden AI"Entity importer update"
Golden AI edited on 10 Jun, 2022
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Edits on 18 Apr, 2022
Jackie M
Jackie M edited on 18 Apr, 2022
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Edits on 8 Apr, 2022
Golden AI"Patent autocalculation"
Golden AI edited on 8 Apr, 2022
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Patents assigned (count)
2
Edits on 16 Feb, 2022
Carla Faraguna"duplicate info"
Carla Faraguna edited on 16 Feb, 2022
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Company
CEO
Location
Products/Services

Omniscience (company)

Sunil S. Rawat

Omniscience Corporation

2951 El Camino Real

Palo Alto, CA 94306 USA

Computer Hardware & Software

Edits on 31 Jan, 2022
Tatiana Meteleva
Tatiana Meteleva edited on 31 Jan, 2022
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Table

Company
CEO
Location
Products/Services

Omniscience (company)

Sunil S. Rawat

Omniscience Corporation

2951 El Camino Real

Palo Alto, CA 94306 USA

Computer Hardware & Software

Edits on 24 May, 2021
Golden AI"Funding autocalculation"
Golden AI edited on 24 May, 2021
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Latest postmoney valuation
30,000,000
Edits on 11 May, 2021
Golden AI"Funding autocalculation"
Golden AI edited on 11 May, 2021
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Latest funding type
Edits on 29 Mar, 2021
Golden AI"Found on funding round"
Golden AI edited on 29 Mar, 2021
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Investors
Edits on 16 Dec, 2020
Amy Tomlinson Gayle
Amy Tomlinson Gayle edited on 16 Dec, 2020
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Article

Omniscience is a provider of commercialized distributed data-mining systems designed to provide data research serviceservices. The company's system uses open and internal data sources to generate clusters and apply proprietary algorithms to prove accuracy and scalability.

...

Omniscience's platform includes an approach to data distribution that allows vast amounts of data to stay intact and a platform that allows the platform to handle large volumes of data. Each piece of data, is given its own coordinates in the platform, is given its own coordinates. And theseThese data points are tracked for regulatory adherence and to improve the decisions. The platform includes organization specificorganization-specific data ingestion paired with public cloud data.

...

Omniscience havehas developed their computational insurance platform, which offers automated services, which the company suggests is intended to be humanized. The platform automates data to offer cross-organization mutual-optimization. This includes the data from the customer intelligence and underwriting automation systems, incorporated with an organizationsorganization's capital risk and optimization, actuarial guidance, and claims optimization profiles. This platform is intended to help automate business decision making while ensuring compliance with business policy and regulatory compliance.

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Edits on 5 Dec, 2020
Henry Ogolla
Henry Ogolla approved a suggestion from Golden's AI on 5 Dec, 2020
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To try and keep the platform accurate, the artificial intelligenceartificial intelligence and deep learning of the platform removes edge effect distortions. And the platform offers hypothesis testing through a data feedback loop.

Edits on 30 Nov, 2020
Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI"Funding autocalculation"
Golden AI edited on 30 Nov, 2020
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Latest funding round date
March 9, 2020
Total funding amount (USD)
23,000,000
Aleksander Holm
Aleksander Holm edited on 30 Nov, 2020
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Description (+141 characters)
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Topic thumbnail

Omniscience (company)

Omniscience is an artificial intelligence company providing automated underwriting and risk intelligence services for the insurance industry.

Article

Omniscience is a provider of commercialized distributed data-mining systems designed to provide data research service. The company's system uses open and internal data sources to generate clusters and apply proprietary algorithms to prove accuracy and scalability.

Platform

Omniscience's platform includes an approach to data distribution that allows vast amounts of data to stay intact and a platform that allows the platform to handle large volumes of data. Each piece of data, in the platform, is given its own coordinates. And these data points are tracked for regulatory adherence and to improve the decisions. The platform includes organization specific data ingestion paired with public cloud data.

...

To try and keep the platform accurate, the artificial intelligence and deep learning of the platform removes edge effect distortions. And the platform offers hypothesis testing through a data feedback loop.

Underwriting Automation

The Omniscience underwriting suite is a system designed for underwriting decisions using domain-specific paradigms, such as a life insurance framework. The platform uses machine learning models with specific guidance from users to create an automatic underwriting decision system.

Customer Intelligence

Through their customer intelligence, Omniscience offers users access to relevant customer data and the possibility for extraction for straight-through processing or triage underwriting.

...
Customer Intelligence and Underwriting Automation data visualization.
Computational Insurance

Omniscience have developed their computational insurance platform, which offers automated services, which the company suggests is intended to be humanized. The platform automates data to offer cross-organization mutual-optimization. This includes the data from the customer intelligence and underwriting automation systems, incorporated with an organizations capital risk and optimization, actuarial guidance, and claims optimization profiles. This platform is intended to help automate business decision making while ensuring compliance with business policy and regulatory compliance.

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Title
Author
Link
Type
Date

Insurance Industry Leaders Make Strategic Investments in Omniscience

Web

March 9, 2020

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Categories
Timeline

July 31, 2020

Omniscience receives key patent for first use of augmented reality (AR) for the computational enterprise

April 20, 2020

RGAX and Guardian Life join financial investors including Translink Capital and others in a $12 million A round funding.

March 9, 2020

Omniscience announced both RGAX, LLC and Guardian Life Insurance Company of America have made equity investments in the company.

December 10, 2019

Omniscience adds two new executives for the Asian markets. Sakuya Morimoto is VP for Japan and Akihiko Katayama has been named VP for Hong Kong.
Edits on 25 Nov, 2020
Aleksander Holm
Aleksander Holm edited on 25 Nov, 2020
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