BlackSwan Technologies Launches World’s First AI Operating System, Raises $28 Million in Funding to Pioneer Next Generation of Enterprise Software

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Summary

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. “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. Recommended AI News: The Grayhat Cybersecurity Conference is set for the Halloween Weekend 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. 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. 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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Amount $28.0M Total raised
Date October 13, 2020 Announcement date
Investors - Lead investors
Company https://blackswantechnologies.ai Funded company

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AI & Machine learning

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