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omni.sc

Founded Year

2015

Stage

Loan | Alive

Total Raised

$12.68M

Last Raised

$680K | 2 yrs ago

About 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

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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.

I

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

F

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
patents chart

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

Omniscience Receives Trademark for “Computational Insurance” – A Term to Describe the Way Enterprises Will Come to Manage Their Insurance Businesses

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

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  • 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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