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§ Private Profile · New York City, NY, USA
AI-powered NLP platform analyzes unstructured medical records, extracts key data for insurance and legal teams, supporting underwriting.
Based in New York with a development center in Israel, DigitalOwl develops an AI-powered natural language processing platform that analyzes, chronologically organizes, and summarizes unstructured medical records for the insurance and legal sectors. The enterprise software automates underwriting, claims processing, and fraud detection workflows by extracting key data points from thousands of pages to reduce manual review time. Prior to its strategic exit, the company raised $40.4 million in total venture funding and expanded its workforce to over 70 employees. Its capitalization table featured investments from Insight Partners and Mobileye founder Amnon Shashua, while early enterprise adopters included Menora Mivtachim. In 2024, the business was acquired by health data logistics corporation Datavant in a transaction valuing the platform at over $200 million. DigitalOwl was founded in 2017 by brothers Yuval Man and Amit Man.
DigitalOwl has raised $38.8M across 4 funding rounds.
DigitalOwl has raised $38.8M in total across 4 funding rounds.
DigitalOwl has raised $38.8M across 4 funding rounds. Most recently, it raised $12.0M Other Equity in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 9, 2024 | $12M Venture Round | Dave Rengachary, MD, Dbim, Falu, Flmi | — | Announced |
| Jan 1, 2022 | $20M Series A | Insight Partners | DST Global, Tiger Global Management, Verified Capital, Fusion VC, Ibex Investors | Announced |
| Feb 14, 2021 | $6.5M Seed | — | Fusion VC, Ibex Investors, Menora Mivtachim | Announced |
| Jan 1, 2019 | $300K Pre Seed | — | Fusion VC | Announced |
DigitalOwl has raised $38.8M in total across 4 funding rounds.
DigitalOwl's investors include Dave Rengachary, MD, DBIM, FALU, FLMI, Insight Partners, DST Global, Tiger Global Management, Verified Capital, Fusion VC, Ibex Investors, Menora Mivtachim.
DigitalOwl is an AI-powered InsurTech platform that analyzes complex medical records using natural language processing (NLP) to generate structured summaries, triage data, and enable interactive querying for insurance and legal professionals.[1][2][3][6] It serves life underwriters, claims adjusters, and legal teams by solving the problem of time-consuming manual reviews of unstructured medical documents—reducing hundreds of pages to concise, chronological insights with click-to-evidence verification, improving speed, accuracy, and decision-making in risk assessment and claims processing.[2][5][6] The platform's growth includes partnerships like Nationwide for underwriting efficiency and recent product enhancements such as Case Notes and In-Depth Analysis Chat, culminating in its acquisition by Datavant in October 2025, which positions it within a broader healthcare data ecosystem.[4][5]
DigitalOwl was founded in 2017 in New York, New York, originally as Legal Automation, by brothers Yuval Man (CEO, former personal injury lawyer) and Amit Man (CTO).[1][2] The idea emerged from Yuval's firsthand experience with the inefficiencies of manually reviewing medical records in personal injury claims, prompting the duo to build an NLP platform for efficient unstructured data analysis.[2] Early traction came from its focus on legal and insurance pain points, evolving into a full suite of AI tools backed by data scientists, engineers, medical experts, and industry professionals like underwriters and claims analysts.[2][3]
DigitalOwl rides the wave of AI-driven InsurTech and healthcare data transformation, capitalizing on surging demand for automating unstructured data in a market where medical records reviews are notoriously tedious and error-prone.[3][6] Timing aligns with generative AI advancements and post-pandemic digital shifts in insurance, where faster risk selection and claims settlement are critical amid rising volumes of electronic health data.[1][4] Favorable forces include regulatory pushes for efficiency in underwriting/compliance and the InsurTech boom, with DigitalOwl influencing the ecosystem through tools that free professionals for strategic work—now amplified by Datavant's acquisition, integrating it into end-to-end platforms combining retrieval, summaries, and predictive analytics for legal/insurance users.[4] Competitors like Wisedocs or Corti underscore a crowded but opportunity-rich space where DigitalOwl's domain expertise provides an edge.[1]
Post-acquisition by Datavant, DigitalOwl will likely expand into a comprehensive healthcare data suite, blending its summarization strengths with retrieval and analytics to serve broader legal, insurance, and health stakeholders.[4] Trends like multimodal AI, real-time data collaboration, and stricter compliance will propel its growth, potentially unlocking new verticals beyond core users. Its influence may evolve from niche InsurTech innovator to foundational tool in AI-powered healthcare decisions, sustaining momentum through relentless innovation that turns medical data chaos into trusted insights—echoing its origins in solving real-world inefficiencies.[2][3][4]