Investment Date

September 2024

Founders

Stefan Engl, Steve Ramershoven

Initial Investment

Series A

Sector

Artificial Intelligence

City

Innsbruck, Austria

DeepOpinion is transforming the automation of complex knowledge work processes with its pioneering generative automation platform. Harnessing the power of LLMs and a proprietary multi-agent engine, DeepOpinion addresses challenges that traditional RPA and IDP platforms have struggled to solve, particularly in processing unstructured data. Their platform enables the automation of tasks previously considered too complex for machines, such as insurance claims processing, customer support, underwriting, and loan applications.

What sets DeepOpinion apart is its comprehensive suite of features, including advanced document understanding with LLMs, confidence metrics, human-in-the-loop capabilities, and a no-code interface. This powerful combination allows the platform to achieve automation rates of 80-90% in just days, a significant leap compared to the 10-15% typically achieved by competitors after months of training. By focusing on critical verticals like Insurance and Financial Services, where unstructured data processing is most pressing, DeepOpinion has delivered exceptional ROI, seamless integration, and proven use cases for clients.

The company’s success is demonstrated by its ability to attract tier-one enterprise clients such as Hannover Re and Allianz, validating the effectiveness and scalability of its solution. With our co-lead investment in DeepOpinion’s €11 million Series A round, we are proud to support their vision of becoming a global leader in intelligent automation. We are particularly excited to aid in their expansion into the US market, where the demand for advanced automation solutions presents a significant opportunity for growth.