omni:us, the AI-powered insurance technology startup from Berlin, has today announced the closure of a Series A round, bringing its total funding to date to $22.5 million. The fundin round has been led by Berlin-headquartered VC firm Target Global, and followed by MMC Ventures, Talis Capital and existing investors. This funding reinforces omni:us’ position as a market leader in enabling insurers to become more data-driven and adapt to today’s customer expectations.
Founded in 2015, omni:us has developed cutting-edge AI technology that empowers all kinds of organisations within the sector: many of the top global insurance companies – such as Allianz, Baloise and AmTrust – count on its deep digital transformation expertise in order to innovate and meet growing customer needs. At the same time, insurtech firms such as Wefox use omni:us to boost efficiency and focus on its core competencies.
Sofie Quidenus-Wahlforss, CEO and Founder of omni:us, said: “We know the insurance industry will move from process to data-driven over the coming years. To meet this need, omni:us is the trusted partner, supporting insurance companies along this transformational path. Our deep data based approach enables insurers to better understand their customers and launch new products and services on a more bespoke and individual level. With this round of funding, we will bring our cognitive systems to the next level and expand into the US market later this year.”
Mike Lobanov, General Partner at Target Global, added: “omni:us functionality is tested to provide best-in-class quality in claims digitalization and is already used by a number of leading players in Europe. With our focus on insurtech we could not go past companies that use AI to provide a better, quicker and more reliable service to customers of insurance companies, specifically when it comes to claims settlement – the moment when the customer values the interaction with insurance companies most. We believe automated claims handling will become a new standard in the insurance industry that will substantially cut costs and make insurance more affordable to customers.”
omni:us today counts a diverse and passionate team of almost 40 AI and industry experts hailing from four continents. Aside of its Berlin headquarter, the young company plans to also open an office in the US later this year.
