BlackSwan Technologies raises $28m Series A financing led by Prytek, FinTLV and MS&AD Ventures

– ISRAEL, Tel Aviv –  BlackSwan Technologies announced the company has raised a new Series A financing round of $28 million led by investors Prytek, FinTLV and MS&AD Ventures. The new funding will be used to accelerate growth, continue developing new advanced AI applications and expand the BlackSwan Technologies team.

The company also announced the launch of the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated tens of millions of dollars in revenue through multi-year contracts with many leading businesses. The company has also established a groundbreaking partnership with Deloitte to provide leading global banks with an AI-powered platform that is already proven to increase revenue and drive efficiencies.

“We believe this represents a true paradigm shift in enterprise software, eliminating all barriers to digital transformation so that enterprises can easily harness big data and artificial intelligence to generate immediate and actionable business insights,” said founder and CEO, Michael Ouliel. “We aim to completely disrupt the enterprise software market by finally making the world’s most advanced artificial intelligence available to any company.”

About BlackSwan Technologies

BlackSwan Technologies is a PaaS/SaaS product company. Its Flagship software ELEMENT is an operating system powering the rapid development of enterprise AI applications that mimic the cognitive functions of human intelligence. ELEMENT can be used by enterprises across multiple industries to collect and organize data, gain competitive intelligence, improve compliance, drive new business opportunities and make predictions – all while cutting costs and improving efficiencies. BlackSwan’s ELEMENT is trusted by some of the largest global organizations.

BlackSwan Technologies is based in Tel Aviv, Israel with offices in the United States, United Kingdom, Poland and Germany.

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