BlackSwan Technologies introduces World’s First AI Operating System and raises $28 Million funding

BlackSwan Technologies

BlackSwan Technologies, an Israel-based provider of an enterprise AI operating system has announced the launch of world's First AI Operating System. 

The company also secured $28 million in a Series A funding round.

World’s First AI Operating System

BlackSwan Technologies is founded by Michael Ouliel in the year 2011. It is launching an enterprise AI operating system, which enables any company to leverage advanced Artificial Intelligence for a high level of operational efficiency and data drive decision making.

BlackSwan's Platform as a Service (PaaS), ELEMENT brings AI closed to human learning and intelligence, claims the announcement.  The platform brings machine learning, natural language processing, deep learning, neural network, and data operation facilities, all into a single platform. The AI platform does not require organized data sets, countless hours of data normalization, or technical in-house expertise to implement

Executive Opinion

BlackSwan’s founder and CEO Michael Ouliel, said, "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. Our aim is to completely disrupt the enterprise software market by finally making the world’s most advanced artificial intelligence available to any company."

BlackSwan Technologies latest funding

The round was backed by the Prytek, MS&AD Ventures, and FinTLV. BlackSwan Technologies is based out of Tel Avis, with its offices in the United Kingdom, Germany, Poland, and the United States.

The company as of now has plans to use the new funds to accelerate growth, expand the team, and continue developing new advanced AI applications. The company has already signed multi-year contracts with multiple businesses to generate millions in revenue. BlackSwan also partnered with Deloitte for AI platform resulting in increased revenue and efficiencies, notes the announcement.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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