Digital Owl, a provider of AI-powered medical claim analysis, announced a $6.5 million seed investment round led by Ibex Investors. Amnon Shashua, the founder of Mobileye and Orcam, Fusion LA, and Menora Mivtachim participated. Digital Owl’s AI system quickly and accurately reads, analyzes, and digitizes medical records, allowing insurance experts to focus their valuable time on making better decisions, faster. Each year, the insurance market invests more than $3 billion in work hours devoted to analyzing and summarizing medical records. “Leveraging advanced natural language processing, Digital Owl has built a unique proprietary engine that addresses a pressing need from insurers…
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Human review of medical records is slow and not accurate enough, and Essential information is often missed – says Yuval Man, the CEO Of Digital Owl. Man explains that Computers don’t get bored or tired, and they extract more meaningful medical information in a significantly shorter time. DigitalOwl (formerly known as Legal Automation) developed an AI system for underwriters and claim analysts, primarily working with products such as Life, Disability, Workers’ Compensation, Accident, and Voluntary/Supplemental products. DigitalOwl’s system reads, understands, and analyzes medical documents automatically and quickly. Using a state-of-the-art NLP engine, the system extracts the relevant medical information that…