DigitalOwl, which has developed expertise for studying and analyzing medical data to assist choices by insurance coverage corporations and attorneys in medical instances, is being acquired by US-based medical knowledge platform firm Datavant. Market estimates put the acquisition worth at a minimum of $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 corporations; 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 folks at its improvement heart 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 mentioned, “I used to be initially a lawyer specializing in torts. In dialog with my brother, I instructed him about my work, and he mentioned, ‘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 data that might be vital for lawsuits in that subject. 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 might do it.”
Amit Man studied for his second diploma with Shashua, and labored at one in all his corporations. When DigitalOwl was based, Shashua was one in all its first traders.
DigitalOwl was based earlier than generative AI grew to become publicly accessible, 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 concept and labored with attorneys, however promoting to attorneys is troublesome, 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 corporations, the thought arose that it was appropriate not only for managing claims, but in addition for making underwriting choices in life insurance coverage, on the premise of the data within the medical data.
One plus one are 5
The customer is Datavant, which offers in making medical data accessible. For instance, Man explains, if an insurance coverage firm asks for full medical data (with the client’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 wherein the corporate’s methods can learn it. “They’re leaders in data retrieval, and we’re leaders in summarizing and analyzing the data,” Man says. “That is the primary time wherein there might be an organization within the US that provides each companies collectively.”
Datavant was based in 2017. In 2021, it merged with medical data 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 crucial attention-grabbing corporations for a flotation within the coming yr.
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 available in the market, behind the scenes. After they began speaking about cooperation, it grew to become clear that one plus one made 5.”
Distinctive standing available in the market
Right now, 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 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 will be cheap for somebody injured in an accident to return to work. A 3rd sector is regulation corporations – which implies 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 in an effort to perceive what really 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 expertise is generative AI, which assists in writing a abstract of the medical data.
“A few of the easiest choices are made semi-automatically,” says Man, “however extra difficult choices require, and can most likely all the time require, a human eye. Transparency is vital if you wish to assist a call legally. It’s vital that the system shouldn’t fall into biases that we don’t need as a society, reminiscent of choices on the premise of race, intercourse, the place folks reside, 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 data is to be discovered within the medical data, and what the thought means of the machine was. In our view, that’s a big benefit over our rivals.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on September 25, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
