Latest news with #AccentureVentures
Yahoo
09-08-2025
- Business
- Yahoo
Snorkel AI secures investment from Accenture
Accenture has invested in Snorkel AI, aimed at assisting financial services firms in developing and scaling AI solutions. The financial details of the strategic investment have not been disclosed. This investment, through Accenture Ventures, focuses on enhancing the curation of high-quality datasets essential for training and evaluating AI models. Snorkel AI offers Data Development Platform, which facilitates the evaluation and tuning of specialised AI systems at scale. The platform includes services such as Snorkel Expert Data-as-a-Service and Snorkel Enterprise AI, which expedite the transition from prototype to production by employing advanced data development technology. Snorkel AI co-founder and CEO Alex Ratner said: 'This partnership marks a major milestone in our mission to make data-centric AI the foundation of enterprise innovation. 'As momentum builds around agentic AI, most enterprises still lack the domain-specific data and expertise needed to move from prototype to production.' Originating from the Stanford AI Lab, Snorkel AI's platform is currently utilised by major corporations, including BNY and Experian, as well as by the US government. The platform is designed to address the needs of agentic AI, employing automation and repeatable workflows to convert fragmented data and domain knowledge into datasets for AI model training and evaluation. This data-centric methodology supports quicker and safer deployment of AI systems, particularly in complex regulatory environments. Accenture and Snorkel AI plan to collaborate on creating customised solutions tailored to specific industries, with an initial emphasis on the financial services sector. Additionally, Snorkel AI will participate in Accenture Ventures' Project Spotlight, which is an accelerator programme for data and AI companies. This initiative provides access to Accenture's industry expertise and client network, enabling startups to innovate and realise their technological potential. Accenture Ventures global lead Tom Lounibos said: 'Our clients are looking to harness AI in ways that are fast, secure, and aligned to real business outcomes. 'Snorkel's unique approach solves one of the most persistent pain points in AI development—high-quality datasets for training and evaluation of AI models.' In late July 2025, Accenture announced the acquisition of Maryville Consulting Group, a US-based technology consultancy, to strengthen its technology strategy capabilities. "Snorkel AI secures investment from Accenture" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
05-06-2025
- Business
- Yahoo
Accenture invests in claims processing company Reserv
Accenture, through Accenture Ventures, has invested in Reserv, an insurance claims processing company that incorporates AI into its solutions. The financial details of the investment were not disclosed. The investment is part of Reserv's $25m Series B funding round, which saw contributions from other investors including Flourish Ventures, Bain Capital Ventures and Altai Ventures. Reserv, a third-party administrator, provides claims services for property and casualty insurers in the US and the UK by utilising AI and machine learning to analyse insurance data. The collaboration is expected to develop solutions that will benefit underwriters and claims professionals, leading to improved outcomes for claimants. Accenture North America Insurance lead and senior managing director Kenneth Saldanha said: 'Reserv's AI-native servicing platform empowers insurers to act on more granular claims data for greater efficiency and accuracy, enabling faster claim processing and better customer experience. 'The feedback loop to risk selection drives greater resilience and more competitive pricing in the market.' Accenture's investment will support Reserv in extending its business model to accommodate global carriers with legacy datasets. Additionally, Reserv will join Accenture Ventures' Project Spotlight, an accelerator programme for data and AI start-ups. Reserv CEO and co-founder CJ Przybyl stated: 'Reserv was built to help insurance carriers leverage modern technology and platforms to scale quickly while unlocking new data. 'Working with Accenture strengthens our ability to scale that vision faster, while meeting the rigorous demands of today's insurers.' According to its LinkedIn post, the company's total funding stood at $55m. This move follows Accenture's acquisition of Altus Consulting from Equisoft in March of this year. "Accenture invests in claims processing company Reserv " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
04-06-2025
- Business
- Business Wire
Accenture Helps High-Potential AI Startups Grow with Support from NVIDIA Inception
NEW YORK--(BUSINESS WIRE)--Accenture (NYSE: ACN) today announced expanded support for high-potential AI startups with a new engagement initiative, established through Accenture Ventures with support from NVIDIA Inception. This collaboration is designed to accelerate startup growth and innovation by closing a common gap many early-stage companies face—moving from breakthrough ideas to scalable enterprise solutions. The initiative will provide startups with market intelligence, technical workshops, enterprise workflow knowledge and exposure to real-world business environments. Startups will gain access to Accenture's deep industry experience and enterprise relationships, as well as emerging technology resources across Accenture Innovation's global network. Combined with NVIDIA's advanced technical capabilities and global developer ecosystem, this initiative will provide a powerful launchpad for the next generation of AI innovators. 'AI is reshaping industries at a breakneck pace, but many startups struggle to bridge the gap between innovation and enterprise-ready solutions,' said Tom Lounibos, global lead for Accenture Ventures. 'Through this collaboration, we're creating an environment where these companies can turn fresh ideas into reality—faster, smarter and with the right strategic backing.' Accenture Ventures and NVIDIA Inception will bring together world-class technical, commercial, and strategic support, and access to NVIDIA's extensive venture capital network. This will help AI startups rapidly adapt and refine solutions to achieve enterprise readiness and deliver meaningful impact in the market. 'The startup ecosystem drives technological innovation across all sectors, from customer experience to healthcare,' said Howard Wright, vice president of startup ecosystem at NVIDIA. 'NVIDIA Inception working together with Accenture Ventures will help startups accelerate their impact on every industry powered by AI.' Initial focus on marketing and customer experience The first phase of this initiative will focus on startups in the areas of marketing, sales, and customer service, where AI is reinventing how businesses connect with customers through data-driven insights, personalized content, and immersive experiences. Startups will be able to tap into marketing and customer domain expertise from Accenture Song's tech-powered creative group. Today's announcement highlights Accenture's ongoing investment in data and AI capabilities to help clients grow their business and sustain relevance with customers. It expands on the Accenture NVIDIA Business Group, launched last year to help clients rapidly scale AI adoption, including agentic AI systems, to drive new levels of productivity and growth. For instance, Accenture's AI Refinery™, built with NVIDIA AI Enterprise software, help companies turn raw AI technology into useful business solutions. About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 801,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at
