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BlackSwan Technologies

Agile Intelligence for the Enterprise -- AI-powered data fabric solutions for financial services and insurance

Data & Analytics Growth Acquired
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Overview

BlackSwan Technologies is an enterprise AI platform company that fuses data, artificial intelligence, and cloud technologies to deliver Agile Intelligence for the Enterprise. Founded in 2014 and headquartered in London, the company built the ELEMENT platform -- an award-winning AI Platform-as-a-Service enabling organizations to build enterprise AI applications at scale across any domain quickly and at a fraction of the cost of traditional alternatives.

The platform is built on a knowledge graph architecture combined with machine learning, natural language processing, and composite AI, targeting financial services, insurance, banking, and compliance-intensive industries. In January 2025, BlackSwan Technologies was acquired by HUB Cyber Security Ltd. (NASDAQ: HUBC), an Israeli cybersecurity and data fabric solutions company, with BlackSwan shareholders retaining approximately 31% of the combined entity. The combined operations target a market opportunity exceeding USD 12.9 billion.

BlackSwan brings established operations across the UK, Germany, Poland, Israel, the US, and Sri Lanka, along with over USD 50 million in cumulative technology investments. Its ELEMENT platform has generated tens of millions of dollars in revenue through multi-year contracts with leading banks, financial institutions, and governments.

Products & Services

ELEMENT Platform

Award-winning AI Platform-as-a-Service (PaaS) that enables organizations to build enterprise AI applications at scale for any domain. ELEMENT acts as an AI Operating System (CAIOS) providing data convergence, knowledge graph architecture, machine learning, entity extraction, and network analysis.

Key Features

  • Low-code/no-code cloud-agnostic system
  • Knowledge graph for entity and relationship modeling
  • Data fabric approach -- acquires and monetizes data from unlimited sources
  • Pre-configured industry applications ready for rapid deployment
  • Military-grade security with minimal CAPEX

Target Users: Financial institutions, insurers, reinsurers, governments

ELEMENT of Insurance

Pre-built insurance application on the ELEMENT platform that modernises underwriting, risk analysis, and customer onboarding. Transforms the reinsurance value chain from risk analysis and product development through marketing and claims processing using Composite AI.

Key Features

  • Automated customer onboarding and data entry standardization
  • Knowledge graph profiles of insurers and relevant entities
  • AI-driven risk scoring and underwriting risk assessment
  • Personalized product offers and quote generation
  • Emerging underwriting risk discovery
  • Cyber insurance underwriting (ELEMENT Cyber Edition)

Target Users: Carriers, reinsurers, underwriters

ELEMENT of Compliance

Compliance and financial crime application covering KYC, AML, anti-fraud, and ESG reporting. Recognized as AML and Anti-Fraud Product of the Year by Risk.net (2021).

Key Features

  • KYC onboarding automation (reduces client onboarding cost from USD 2,000+ to USD 150)
  • AML transaction monitoring and surveillance
  • Anti-fraud detection using composite AI
  • ESG surveillance and reporting
  • Regulatory reporting support

Target Users: Banks, financial institutions, insurers requiring regulatory compliance

ELEMENT of Cyber Threat Intelligence

Cyber underwriting and threat intelligence application combining Big Data, AI, cognitive computing, and contextual analytics for cyber insurance carriers.

Key Features

  • Cyber threat landscape monitoring
  • Cyber risk scoring for underwriting
  • Real-time threat intelligence integration
  • Customer satisfaction and carrier profitability optimization

Target Users: Cyber insurance carriers and underwriters

At a Glance

Founded
2014
Headquarters
London, UK
Employees
201-500
Funding
Acquired

Category & Focus

Category
Data & Analytics
Subcategories
AI Platform Knowledge Graph KYC/AML Compliance Risk Analytics Underwriting Intelligence
Insurance Verticals
P&C Commercial Specialty/E&S Reinsurance
Target Customers
Carriers, Reinsurers, MGAs/MGUs

Customers

  • A world-leading reinsurance company (undisclosed) -- uses ELEMENT of Insurance for customer onboarding and product personalization
  • A top-15 global bank (undisclosed) -- reduced corporate client onboarding cost from USD 2,000+ to USD 150

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Last updated: 2026-05-11