Omniscience
Founded Year
2015Stage
Loan | AliveTotal Raised
$12.68MLast Raised
$680K | 2 yrs agoAbout Omniscience
Omniscience is commercializing distributed data-mining systems that came out of U.S. government intelligence and military research projects to help companies with brand perception, product safety and reliability, risk management, sales targeting and regulatory affairs. The company combines internal and external data sources to extract insights using its proprietary algorithms.
Omniscience Headquarter Location
3250 Ash Street
Palo Alto, California, 94306,
United States
650-600-7288
Research containing Omniscience
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Omniscience in 1 CB Insights research brief, most recently on Mar 11, 2020.
Expert Collections containing Omniscience
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Omniscience is included in 2 Expert Collections, including Insurtech.
Insurtech
3,280 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
7,442 items
US-based companies
Omniscience Patents
Omniscience has filed 5 patents.
The 3 most popular patent topics include:
- Computer memory
- Augmented reality
- Computational linguistics
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
10/22/2018 | 12/15/2020 | Computer memory, Image processing, Natural language processing, Computational linguistics, Diagrams | Grant |
Application Date | 10/22/2018 |
---|---|
Grant Date | 12/15/2020 |
Title | |
Related Topics | Computer memory, Image processing, Natural language processing, Computational linguistics, Diagrams |
Status | Grant |
Latest Omniscience News
Mar 3, 2022
March 03, 2022 09:00 AM Eastern Standard Time PALO ALTO, Calif.--( BUSINESS WIRE )--Omniscience today announced it has received the trademark for the term “Computational Insurance™.” This term is a description of the future model of insurance. “At Omniscience, we have reimagined the insurance company of the future based on the concept of Computational Insurance™, which positions Industry leaders to offer services in a completely new way,” said Sunil Rawat, co-Founder and CEO of Omniscience. “Computational Insurance humanizes your company by automating and optimizing data-crunching and leveraging the expertise and insights of your most valuable resource — your people.” A key element of Computational Insurance is the ultimate goal of cross-organization mutual-optimization. This means that underwriting, risk, capital management, business, and other decisions take into account what’s best for the company, not just an individual department. Moreover, because Computational Insurance ties all of the business elements together, each business step has complete “explainability,” which is critical in regulatory and business discussion. Tying together all of the pieces of the insurance organization — from data gathering to actuarial and underwriting through investment decisions — ensures that the entire company has far more accurate business models over the long term. Omniscience is using this Computational Insurance model to develop across-the-board products. About Omniscience Omniscience ( www.omniscience.com ) is the first company to enable the Computational Insurance™ business. Because of unique breakthrough distributed technology that can process many layers of business and data complexity completely and rapidly, Omniscience customers can approach their businesses in entirely new ways. Instead of this complexity inhibiting good decisions, insurance customers can use the vast amounts of data from inside and outside sources to make good business decisions that continuously improve the entire company while increasing transactional speed. Ultimately, Omniscience Computational Insurance solutions optimize insurance and financial services companies grow market share, save on costs, boost return on equity, and increase regulatory compliance. Over time many additional Computational Enterprise markets will benefit from Omniscience to handle the chaos in their environments. Based in Palo Alto, CA, investors in Omniscience include Guardian Life Insurance Company of America, TD Bank, Translink Capital, and others. All trademarks and registered trademarks are those of their respective companies. Contacts
Omniscience Web Traffic
Omniscience Rank
When was Omniscience founded?
Omniscience was founded in 2015.
Where is Omniscience's headquarters?
Omniscience's headquarters is located at 3250 Ash Street, Palo Alto.
What is Omniscience's latest funding round?
Omniscience's latest funding round is Loan.
How much did Omniscience raise?
Omniscience raised a total of $12.68M.
Who are the investors of Omniscience?
Investors of Omniscience include Paycheck Protection Program, TransLink Capital, Guardian Life Insurance Company of America, RGAx, Plug and Play Ventures and 5 more.
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