BlackSwan Technologies Launches World’s First AI Operating System
BlackSwan Technologies launches as the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated tens of millions of dollars in revenue through multi-year contracts with many leading businesses. The company has also established a groundbreaking partnership with Deloitte to provide leading global banks an AI-powered platform that is already proven to increase revenue and drive efficiencies.
BlackSwan Technologies was recently recognized in Gartner’s
2020 Hype Cycle for Emerging Technologies report as a pioneer in “bringing AI
closer to human learning and intelligence.” The company’s signature Platform as
a Service (PaaS), ELEMENT, accomplishes this by combining multiple AI
technologies — including machine learning, natural language processing, deep
learning, neural network and data operation facilities — into a single
platform.
Unlike other enterprise AI offerings, ELEMENT does not
require well-organized data sets, countless hours of data normalization or
technical in-house expertise to implement. ELEMENT’s Low code/No code,
cloud-agnostic system includes several advanced enterprise applications
including for Risk Management, Compliance, Lead Generation, Personalization and
Market Intelligence. The platform also allows users to build enterprise
applications up to 60 times faster and at a fraction of the cost of market
alternatives. ELEMENT is designed to continuously learn and evolve with the
enterprise and has a completely customizable structure with a simple,
drag-and-drop interface, democratizing the development and execution of large,
industrial enterprise applications.
“We believe this represents a true paradigm shift in
enterprise software, eliminating all barriers to digital transformation so that
enterprises can easily harness big data and artificial intelligence to generate
immediate and actionable business insights,” said BlackSwan’s founder and CEO
Michael Ouliel. “Our aim is to completely disrupt the enterprise software
market by finally making the world’s most advanced artificial intelligence
available to any company.”
BlackSwan Technologies is also announcing it has raised a
new Series A financing round of $28 million led by investors Prytek, FinTLV and
MS&AD Ventures. The new funding will be used to accelerate growth, continue
developing new advanced AI applications and expand the BlackSwan Technologies
team.
While other enterprise software companies offer targeted
products that address only a small portion of an organization’s AI needs,
ELEMENT’s end-to-end system transforms raw data into actionable insights that
companies can leverage to identify opportunities, reduce costs and manage risk.
Leading financial institutions have already seen incredible success with the
platform. For example, a top-15 global bank was able to reduce the cost of
onboarding a corporate client from +$2,000 to $150 by leveraging ELEMENT to
address the entire compliance process.
Ouliel conceptualized the idea for BlackSwan Technologies
while reflecting on his years as an Israeli intelligence officer and consultant
for Oracle. He realized that existing data processing systems were leaving
large and complex organizations exposed to unforeseen risks due to the limited
scope of data they could access and understand. With ELEMENT, he designed a
platform that enables companies to harness and organize data, reveal
non-obvious relationships, identify unseen risks, reveal overlooked
opportunities and predict the future by harnessing the full potential of data to
detect far-reaching risks and opportunities. Now available widely across
industries, BlackSwan Technologies’ pioneering AI operating system is poised to
lead a new era of digital transformation.
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