Illegitimate insurance claims cost Americans $80Bn a year because the process of verifying claims is flawed. Most checks are done manually which is often inaccurate, never scalable, and prone to human biases. Owl’s AI-powered technology has changed the game by offering an automated process to check for evidence of suspicious claims so that legitimate claims can be paid out faster.
And the proof is in the pudding. Having gone out to the market in early 2020, Owl is already in commercial agreements and deployed in 7 of the top 10 insurers in the US. The company has also recently raised a $30M Series B led by Cota Capital (Uber, Square, MX) followed by Fuse (Tractable, Botkeeper, Icertis), Sorenson (BambooHR, Socure, Fastly), along with other leading partners.
Owl has offices in New York, Seattle, Vancouver, and Toronto.