DigitalOwl, which has developed know-how for studying and analyzing medical info to help selections by insurance coverage corporations and legal professionals in medical circumstances, is being acquired by US-based medical information platform firm Datavant. Market estimates put the acquisition worth at a minimum of $200 million.
The capital that DigitalOwl has raised to this point is within the tens of tens of millions of {dollars}. Among the many traders within the firm are Prof. Amnon Shashua, founding father of Mobileye and right this moment an investor and chief in a number of synthetic intelligence corporations; insurance coverage firm Menora Mivtachim, which was considered one of DigitalOwl’s first clients; and the Ibex, Perception Companions, and Fusion VC enterprise capital companies.
DigitalOwl employs fifty folks at its improvement middle in Israel. The middle is predicted 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 informed him about my work, and he stated, ‘Let’s see if a pc can do it.’ At first, I used to be insulted. In spite of everything, I studied for 5 years so as to have the ability to learn and perceive medical stories and translate them into info that might be essential for lawsuits in that discipline. However after I went again to work on the Sunday and on the next days, and examined it by means of Amit’s eyes, I noticed – a pc may do it.”
Amit Man studied for his second diploma with Shashua, and labored at considered one of his corporations. When DigitalOwl was based, Shashua was considered one of its first traders.
DigitalOwl was based earlier than generative AI grew to become publicly out there, and the corporate developed its synthetic intelligence fashions by itself. To start with, it educated them to summarize medical information, and, within the following 12 months to 2 years, to derive insights from them.
“We began with the unique concept and labored with legal professionals, however promoting to legal professionals is troublesome, as a result of there are a lot of 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 corporations, 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 data within the medical information.
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 information (with the shopper’s consent), Datavant offers the corporate a service whereby it gathers the data by technological means from all of the related medical entities, and presents it in a kind by which the corporate’s methods can learn it. “They’re leaders in info retrieval, and we’re leaders in summarizing and analyzing the data,” Man says. “That is the primary time by which there will probably be an organization within the US that provides each companies 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 one of the vital attention-grabbing corporations for a flotation within the coming 12 months.
The connection between the 2 corporations 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 out there, behind the scenes. Once they began speaking about cooperation, it grew to become clear that one plus one made 5.”
Distinctive standing out there
As we speak, life insurance coverage corporations are the principle sector with which DigitalOwl works, and many of the main corporations in that sector are its clients. It additionally collaborates with RGA (Reinsurance Group of America), which formulates the underwriting guidelines. The 2 corporations work collectively on formulating these guidelines, which supplies DigitalOwl a novel standing out there. RGA was additionally an investor in DigitalOwl’s final fund-raising spherical, which closed a 12 months 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 cheap for somebody injured in an accident to return to work. A 3rd sector is regulation companies – 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 as a way to perceive what really occurred to the affected person. The second is a medical database, which assists in studying the information, containing, for instance, each potential title for hypertension, as Man defined to us previously. The third know-how is generative AI, which assists in writing a abstract of the medical information.
“A number of the easiest selections are made semi-automatically,” says Man, “however extra difficult selections require, and can most likely all the time 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, comparable to selections on the premise of race, intercourse, the place folks dwell, and so forth.
“Our algorithm could 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 information, and what the thought technique of the machine was. In our view, that’s a major 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.