London – October 14, 2024
AntWorks, a global leader in AI-powered document processing and automation solutions, today announced the filing of two key patents with the United States Patent and Trademark Office (USPTO) during the previous quarter. These patents underscore the company’s focus on innovation and its unwavering commitment to empowering customers with cutting-edge technology that deliver real-world results.
The first patent focuses on extracting information from complex documents using machine learning (ML). This technology goes beyond traditional keyword-based extraction by analyzing the broader context surrounding the identified content. This allows for a deeper understanding of document meaning, leading to more accurate and efficient information retrieval.
The second patent focuses on expanding the capabilities of existing document processing tools in the commercial insurance sector on our Insurants platform. By leveraging a Tool Usage Framework, AntWorks enables the automation of processing for a wider range of fields within a specific domain. This framework allows for seamless integration and coordination of multiple tools, enhancing scalability and versatility. As a result, the technology can be applied to additional domains, further extending its impact across various document processing solutions.
“These patents exemplify our dedication to applying technology and innovation towards driving customer success,” said R. Guha, Chief Operating Officer at AntWorks. “We have created a culture of constantly challenging existing processes and experimenting with new approaches and techniques. By constantly pushing the boundaries of document processing technology interweaved with specific industry domains, we empower our clients on their automation initiatives.”
Beyond innovation, AntWorks prioritizes building trust and ensuring the security of its customers’ data. The company recently achieved SOC 2 Type II compliance, a rigorous audit demonstrating its robust controls for data security, availability, processing integrity, confidentiality, and privacy. This achievement further strengthens AntWorks’ position as a reliable partner for organizations navigating the digital transformation journey.
About Insurants
Insurants is an innovative solution designed to revolutionize the commercial insurance industry by automating and streamlining key processes throughout the policy lifecycle. Built on advanced AI, GenAI and machine learning technologies, Insurants delivers operational efficiency and accuracy, enabling insurance companies to better serve clients, govern risk exposure, optimise capital and remove the manual drudgery.
By reducing manual effort and minimizing errors, Insurants empowers commercial insurers to focus on delivering exceptional customer service while optimizing their workflows. The platform’s robust analytics capabilities provide valuable insights, driving strategic decision-making and fostering business growth.
With Insurants, commercial insurers can transform their operations, improve customer satisfaction, and gain a competitive edge in the rapidly evolving insurance landscape.
About AntWorks
AntWorks™ is a global leader in Intelligent Document Processing (IDP), specializing in the digitization of unstructured and semi-structured documents. Leveraging proprietary machine learning (ML) and Generative AI technology, AntWorks unlocks, classifies, and digitizes critical data from a wide range of business documents. Its flagship product, CMR+, delivers unparalleled accuracy and minimal human intervention, understanding and contextualizing complex, hard-to-read content such as emails, contracts, reports, tables, images, and handwriting.
Founded in 2015, AntWorks operates across the United States and the UK with a dedicated team of over 100 specialists. Highly rated by industry analysts, AntWorks™ serves Fortune 500 clients, primarily in the insurance and banking sectors, driving efficiency and innovation through intelligent automation.
