Announced
Completed
Financials
Tags
Private Equity
Completed
Acquisition
Friendly
United States
it solutions
Domestic
natural language processing
Digital Services
Minority
Private
Venture Capital
Single Bidder
Synopsis
Insight Partners, an American venture capital and private equity firm based in New York City, led a $20m Series A round in DigitalOwl, a provider of natural-language-processing solutions, with participation from Ibex and Fusion VC. "Medical record reading and analysis for insurance and legal industries has long needed to be modernized. The need only grew through Covid-19, as it became nearly impossible for insurers and law firms to hire nurses, doctors, or other claims analysts to manually read medical records. DigitalOwl’s impressive founding team has addressed this need with cutting edge technology that uses AI to digitize an antiquated industry. We look forward to partnering with DigitalOwl as they continue to grow," Ryan Hinkle, Insight Partners Managing Director.
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