Omniscience offers a computing platform and AI that processes entire, complex hyperdimensional data sets without approximations to enable more accurate business decisions. Its Omniscale computing model combines mathematical transformations, advanced AI and unique distributed computing to help insurance and financial services grow market share, reduce costs, boost return on equity, and improve regulatory compliance. The company cites life insurance as an early target market and is currently working with partners in Asia. Its applications aim to speed and automate risk decisions, deploy capital more efficiently, and surface previously overlooked business opportunities. Financially, Omniscience completed a $12 million Series A equity round with strategic insurance investors joining existing financial backers. The company is based in Palo Alto, California, and named investors include RGAX, Guardian Life, Reinsurance Group of America, TD Bank, Translink Capital and others.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2020