Owlin, an Amsterdam-based outfit providing an AI-powered, real-time news analytics platform, raised USD 3.5 million in a Series A round helmed by Velocity Capital.
Owlin’s news and data analysis platform is used by financial institutions to gauge risk and can analyse text in over 11 languages.
The real-time news outfit will use the funds to fuel its international growth. Owlin specifically is looking to expand in the UK and the US.
Sjoerd Leemhuis, CEO and co-founder of Owlin, spoke to tech news website TechCrunch, stating that Owlin can not only “contribute to a more stable financial system” but has been adept at boosting “slow data”, annual reports, research reports, ratings, etc., in the service of evaluating credit risk using “real-time actionable data”.
Owlin also has a strategic partnership with Fitch Ratings, which Leemhuis owes to regulators and rating agencies demanding more data-driven risk management.
Some of Owlin’s most notable clients include ING, KPMG, PGGM, Synechron, wirecard, Adyen, and Deutsche Bank.