BlackSwan Technologies has launched what it claims to be the world’s first enterprise AI operating system. The system enables any company to leverage “the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making.”
BlackSwan has also 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’s Platform as a Service (PaaS), ELEMENT, combines multiple AI technologies into a single platform. These include machine learning, natural language processing, deep learning, neural network and data operation facilities.
ELEMENT’s Low code/No code, cloud-agnostic system comprises several advanced enterprise applications including for Risk Management, Compliance, Lead Generation, Personalization and Market Intelligence.
The platform is claimed to help users in building enterprise applications up to 60 times faster and at a fraction of the cost of market alternatives.
BlackSwan began offering its technology to a limited customer base earlier this year. It has so far “generated tens of millions of dollars in revenue” through multi-year contracts with many leading businesses.
The company was recently recognized in Gartner’s 2020 Hype Cycle for Emerging Technologies report as a pioneer in “bringing AI closer to human learning and intelligence.”