Berlin, 20 September 2019 – omni:us, the insurance-focussed artificial intelligence (AI) solution business, has been awarded €1.6 million from the European Commission to help it develop more AI pilot projects and proofs of concept (POCs) for insurance companies.
The grant to Berlin-based omni:us came from the Commission’s European Innovation Council (EIC) as part of Horizon 2020, which is funding projects aimed at securing Europe’s place as a world leader in technological innovation.
In October 2018, omni:us completed a Series A round of funding, taking total money raised at that date to €19.7 million. This allowed the company to recruit more data scientists and engineers to research and launch pilot projects to demonstrate to insurance companies that AI can transform the industry from being process-driven to being data-driven.
The EIC funding, which omni:us will receive over two years, will allow it to move quicker to market, building trust and relationships with major insurers across Europe and the US, while spreading awareness on the increased efficiency, accuracy and profound business insight benefits AI can deliver to the industry. Currently, omni:us is proud to count Allianz, Baloise, AmTrust and wefox among its clients.
omni:us, which has a staff of 70, will use the funding to continue its research, expand the team, and build its reputation as the leading AI company that is focussed on the insurance industry.
Omni:us Chief Executive Officer Sofie Quidenus-Wahlforss said: “We are very pleased with this generous support from the EIC, which for omni:us means a boost for product development and ultimately a means to deeper market penetration across multiple regions.”
Issued by Rein4ce on behalf of omni:us
For further information, contact Stephen Breen [email protected] or +44 (0)7843 076556.
omni:us is an artificial intelligence (AI) software as a service (SaaS) provider specializing in the insurance industry. omni:us uses AI to help insurance companies get a deeper understanding of their business and customers to help them launch data-driven new products and services. Berlin-based omni:us, which was founded in 2015, has 64 staff and has established legal entities in the UK and United States. Omni:us clients include Baloise and Signal Iduna. For new customers, omni:us offers a quick start and an individual AI roadmap for future advancement, free from drawn-out project timelines. For further information visit www.omnius.com
About Horizon 2020
Horizon 2020 is the biggest EU research and innovation programme ever. Almost €77 billion of funding is available over seven years (2014 to 2020) – in addition to the private and national public investment that this money will attract.
Horizon 2020 will help to achieve smart, sustainable and inclusive economic growth. The goal is to ensure Europe produces world-class science and technology, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering solutions to big challenges facing our society. For more on Horizon 2020, visit https://ec.europa.eu/programmes/horizon2020/en/what-horizon-2020