Datavant acquires Israel’s DigitalOwl for over $200 million

Insurtech startup DigitalOwl has been acquired by Datavant, a healthcare data-sharing platform. The deal value was not disclosed but is estimated at just over $200 million, most of it in cash.

Full list of Israeli startup M&As in 2025

Founded in 2018 by brothers Yuval (CEO) and Amit (CTO) Man, DigitalOwl developed an AI platform for rapid analysis of medical cases, serving insurance companies and law firms in the U.S., Canada, Israel, and Australia. Since its inception, the company has raised $38 million from investors including RGA Insurance, Insight Partners, Fusion VC, and Ibex Investors, which held a 30% stake in the company and is one of the biggest winners in the deal. One of the early investors in the company is veteran entrepreneur Amnon Shashua, founder of Mobileye, AI21 Labs and AAI. DigitalOwl employs about 70 people, with 50 based in Israel and the rest in the U.S.

DigitalOwl founders Yuval and Amit Man.

The company’s platform enables insurers and law firms to streamline the analysis of medical documents, summarize cases, and draw conclusions using AI-driven automation, cutting the high costs of manual professional review. A single case can involve hundreds or even thousands of pages. DigitalOwl’s system automatically reads, summarizes, and analyzes medical records, cross-references data to detect conflicting claims or missing information, and predicts case complexity and future costs.

Datavant, founded in 2017 in the U.S., specializes in building infrastructure for sharing and integrating health data across organizations, from hospitals and insurers to pharma companies and research institutions. Its linking technologies allow tens of millions of medical records to be securely transferred without exposing personally identifiable information, in compliance with strict privacy standards. In 2021, Datavant merged with Ciox Health in a $7 billion deal, cementing its position as a dominant player in the health data management and sharing market across the U.S. and Europe.

“Manually reviewing medical records and extracting the necessary information for underwriting, cases and claims work is time-consuming and costly,” said Yuval Man, CEO of DigitalOwl. “At DigitalOwl, we’ve focused exclusively on applying advanced technology to automate manual processes and address pain points across the workflow. Joining forces with Datavant will enable us to accelerate our mission and deliver even greater value for our partners and customers.”