DigitalOwl, which has developed know-how for studying and analyzing medical info to help selections by insurance coverage firms and legal professionals in medical circumstances, is being acquired by US-based medical knowledge platform firm Datavant. Market estimates put the acquisition worth at no less than $200 million.
The capital that DigitalOwl has raised thus far is within the tens of hundreds of thousands of {dollars}. Among the many traders within the firm are Prof. Amnon Shashua, founding father of Mobileye and right now an investor and chief in a number of synthetic intelligence firms; insurance coverage firm Menora Mivtachim, which was one in all DigitalOwl’s first clients; and the Ibex, Perception Companions, and Fusion VC enterprise capital corporations.
DigitalOwl employs fifty individuals at its improvement heart in Israel. The middle is anticipated to stay in Israel, and should even be expanded following the acquisition.
A pc can do it
DigitalOwl was based in 2017 by brothers Yuval Man (CEO) and Amit Man (CTO). Speaking to “Globes,” Yuval Man stated, “I used to be initially a lawyer specializing in torts. In dialog with my brother, I advised him about my work, and he stated, ‘Let’s see if a pc can do it.’ At first, I used to be insulted. In any case, I studied for 5 years so as to have the ability to learn and perceive medical stories and translate them into info that could possibly be essential for lawsuits in that area. However once I went again to work on the Sunday and on the next days, and examined it by means of Amit’s eyes, I spotted – a pc may do it.”
Amit Man studied for his second diploma with Shashua, and labored at one in all his firms. When DigitalOwl was based, Shashua was one in all its first traders.
DigitalOwl was based earlier than generative AI turned publicly out there, and the corporate developed its synthetic intelligence fashions by itself. To start with, it skilled them to summarize medical data, and, within the following yr to 2 years, to derive insights from them.
“We began with the unique thought and labored with legal professionals, however promoting to legal professionals is tough, as a result of there are numerous of them, and they’re throughout. We realized that on the opposite aspect of the desk was an enormous buyer – the insurance coverage firm.”
When DigitalOwl started to market its product to the insurance coverage firms, the thought arose that it was appropriate not only for managing claims, but additionally for making underwriting selections in life insurance coverage, on the premise of the knowledge within the medical data.
One plus one are 5
The customer is Datavant, which offers in making medical info accessible. For instance, Man explains, if an insurance coverage firm asks for full medical data (with the client’s consent), Datavant supplies the corporate a service whereby it gathers the knowledge by technological means from all of the related medical entities, and presents it in a type during which the corporate’s programs can learn it. “They’re leaders in info retrieval, and we’re leaders in summarizing and analyzing the knowledge,” Man says. “That is the primary time during which there can be an organization within the US that provides each providers collectively.”
Datavant was based in 2017. In 2021, it merged with medical info administration firm Croix, in a deal valued at $7 billion. Since then, the corporate has made a number of strategic acquisitions. In July 2025, Enterprise Insider rated it as some of the attention-grabbing firms for a flotation within the coming yr.
The connection between the 2 firms was made by Datavant. “The reality is that once they approached us, I didn’t totally perceive the dimensions of the occasion,” Man says. “They’re an organization that has operated comparatively quietly available in the market, behind the scenes. After they began speaking about cooperation, it turned clear that one plus one made 5.”
Distinctive standing available in the market
Right now, life insurance coverage firms are the principle sector with which DigitalOwl works, and many of the main firms in that sector are its clients. It additionally collaborates with RGA (Reinsurance Group of America), which formulates the underwriting guidelines. The 2 firms work collectively on formulating these guidelines, which provides DigitalOwl a novel standing available in the market. RGA was additionally an investor in DigitalOwl’s final fund-raising spherical, which closed a yr in the past at $12 million.
One other sector is accident insurance coverage, for instance when an insurance coverage firm seeks to know when it might be affordable for somebody injured in an accident to return to work. A 3rd sector is regulation corporations – which suggests the corporate is realizing the thought out of which it was born.
DigitalOwl operates primarily within the US. In Israel, its merchandise are distributed by Eran Mor.
DigitalOwl has developed three applied sciences. The primary is evaluation of medical paperwork so as to perceive what truly occurred to the affected person. The second is a medical database, which assists in studying the data, containing, for instance, each doable identify for hypertension, as Man defined to us up to now. The third know-how is generative AI, which assists in writing a abstract of the medical data.
“Among the easiest selections are made semi-automatically,” says Man, “however extra sophisticated selections require, and can in all probability at all times require, a human eye. Transparency is essential if you wish to help a choice legally. It’s essential that the system shouldn’t fall into biases that we don’t need as a society, similar to selections on the premise of race, intercourse, the place individuals dwell, and so forth.
“Our algorithm may be very clear, and, in respect of each perception, the person can faucet on a hyperlink and see the place precisely the related info is to be discovered within the medical data, and what the thought technique of the machine was. In our view, that’s a big benefit over our opponents.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on September 25, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
