BlackSwan Technologies

About BlackSwan Technologies

BlackSwan Technologies provides a sophisticated enterprise software platform designed to integrate artificial intelligence, data, and cloud technologies. The company was founded in 2014 by Michael Ouliel and Elinoar Ouliel. Michael Ouliel's background as a government intelligence officer and later a strategic advisor at Oracle informed his vision for the company. He identified that traditional enterprise software was inadequate for leveraging the full potential of data due to issues like data silos and complexity.

The firm’s core offering is ELEMENT™, a Platform-as-a-Service (PaaS) that functions as an AI operating system for businesses. This platform enables organizations to build and deploy enterprise-grade AI applications much faster and more cost-effectively than alternatives. ELEMENT™ is distinguished by its ability to work with both structured and unstructured data without requiring extensive data normalization beforehand. Its architecture features a decentralized data fabric that creates a virtual, unified view of an enterprise's data, a low-code/no-code interface with a drag-and-drop functionality, and Composite AI, which combines multiple analytic techniques like machine learning, natural language processing, and knowledge graphs. This approach allows business professionals, not just data scientists, to create applications for functions such as risk management, compliance, market intelligence, and lead generation.

BlackSwan operates on a PaaS/SaaS model, providing its ELEMENT™ platform and ready-made, customizable applications to a diverse client base that includes large global corporations and public sector entities. The company serves various data-intensive industries, including finance, consumer goods, and national security. By partnering with major consultancies like Deloitte, BlackSwan extends its reach, offering solutions that help businesses increase revenue, enhance operational efficiency, and reduce risks. In October 2020, the company announced a Series A funding round of $28 million, led by investors Prytek, FinTLV, and MS&AD Ventures, to fuel its global expansion and product development. The company was reportedly acquired by HUB Security in January 2025.