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Owl.Co Secures $30 Million In Funding To Address Insurance Industry’S $80 Billion Fraud Problem

Nov 03, 2021•over 3 years ago

Amount Raised

$30 Million

Vancouver

Description

owl.co Labs, Inc. (owl.co), an insurance claims monitoring platform, today announced that it secured $30 million in Series-B funding to accelerate the company's growth. Cota Capital led the financing, joined by Sorenson Ventures, FUSE, Impression Ventures, Luge Capital, and Plug and Play Ventures. owl.co will utilize the funding to scale its insurance claims monitoring platform and expand its team

Company Information

Company

Owl.Co

Location

Vancouver, Washington, United States

About

owl.co delivers a secure, evidence-based insurance claims monitoring platform that provides greater due diligence at scale, while removing human bias from the detection process. By leveraging machine learning, owl.co automates the claims monitoring process, addressing the insurance industry’s $80 billion fraud problem. owl.co’s sophisticated insurance fraud methodology finds five times more fraudulent cases than other solutions, quickly saves clients and claimants money, and delivers a 10-fold ROI – more than any other tool on the market. owl.co was founded in 2018 and has offices in Vancouver, B.C., Toronto, New York and Seattle. For more information, visit https://www.owl.co.

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