BizTimes: Pythonic AI wins Reverse Pitch MKE

BizTimes: Pythonic AI wins Reverse Pitch MKE

Milwaukee-based Northwestern Mutual Life Insurance Co. today announced it has chosen Milwaukee startup Pythonic AI as the winner of its second Reverse Pitch MKE competition.

Pythonic co-founders Matt Younkle and Baoqiang Cao triumphed over six other teams in the pitch contest held on March 18. They will receive a seed investment of up to $85,000 from the insurance company, and a spot in its Cream City Labsinnovation space at 733 N. Van Buren St., next to its downtown headquarters.

Northwestern Mutual offers mentorship and connections to its portfolio companies working at the space, which also include inaugural Reverse Pitch winner SocialeadsLumanu and SteamChain. In Socialeads’ case, the company is working to pilot the technology internally.

Pythonic AI uses machine learning and natural language processing to automate portions of medical records review in the life and disablity insurance sector. The aim is to incubate the software platform at Northwestern Mutual and then market it to other insurers to speed the underwriting process, Younkle said.

Read the full BizTimes article here.