MS&AD Ventures co-led a series A round disclosed as the enterprise AI software provider exited stealth mode.

BlackSwan Technologies, the Israel-based developer of an artificial intelligence (AI) operating system, emerged from stealth yesterday with $28m from a series A round co-led by insurance group MS&AD.

MS&AD subsidiary MS&AD Ventures co-led the round with technology investor and company builder Prytek and FinTLV, a venture capital fund focused on financial and insurance technology.

Founded in 2016, BlackSwan has created a software platform called Element which helps enterprises create artificial intelligence applications to help improve efficiency and more effectively use…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.