Omniscience

About Omniscience

Omniscience Corporation operates at the intersection of complex data analysis and artificial intelligence, providing a platform to decipher hyperdimensional datasets without approximations. The company's technical foundations are rooted in the founders' experiences with the US intelligence community and in developing large-scale internet applications. This background led to the creation of the Omniscale computing model, which utilizes mathematical transformations and distributed computing to address high data volumes and combinatorial complexity.

The firm primarily serves the financial services and insurance industries. Its software suite is designed for professionals such as underwriters, quants, risk managers, and data scientists, enabling them to automate complex decisions. For the life insurance sector, Omniscience offers a product to automate underwriting. The business model is centered on providing this software to large enterprises, including insurers and reinsurers, to help them grow market share, reduce costs, and ensure regulatory compliance. Investors in the company include Reinsurance Group of America, TD Bank, Translink Capital, and The Guardian Life Insurance Company of America.

Founded by CEO Sunil Rawat and CTO Manu Shukla, the company is headquartered in Palo Alto, California. The leadership team has extensive experience in machine learning, finance, and data science. Since its inception, Omniscience has secured $13.7 million in funding over three rounds, with its largest being a $12 million Series A round in March 2020.

The core offering is a platform that can handle and interpret intricate, high-dimensional data, a capability that allows clients to make more accurate business decisions and identify new opportunities. By replicating the decision-making processes of experienced professionals in software, the platform aims to significantly speed up complex decisions. Its products include a Decision Engine and Document AI, which are part of the broader Risk Ops Platform.