Holt Highlight: QuantumSense

by Holt Accelerator | October 30, 2018

Who They Are

QuantumSense is an artificial intelligence company founded in Canada and a successful graduate of the machine learning track of the CDL program in Toronto.

It provides a top semantic search that works on the sentence level to give a more accurate and faster search for ideas or text passages in documents or archives of any business type. The solution can be applied to greatly improve workflow as well as developing sentiment analysis and fundamental analysis tools in finance and social media. It has the capabilities to analyze unstructured data and to make better predictions in real-time.

“QuantumSense can be used in both Fintech and InsurTech. It is used to extract unstructured data — 80% of data is unstructured and according to Google, only about 1% is being harnessed. And on the other hand in terms of Insurtech, it can be used to automate the claims process, learning from previous claims and applying the knowledge to new incoming claims to significantly shorten the overall process from weeks to minutes.”

Marco Fernandez, CEO QuantumSense

How They Work

QuantumSense are around 1 year into their development. The current product on the market is the classical version deployed on the Amazon web service — it’s the first that is both compositional and distributional, allowing it to give top search accuracy. They have had 1 paying client for about half a year in the Fintech space, a SaaS B2B, and have also realized a proof of concept in the insurance sector as well.

The team also has 3 letters of intent and several pilots within the insurance, fintech and AI spaces. It means their semantic search solution is permeating numerous areas of the tech industry. Now, they’re eager to expand their reach further through Holt.

“With the help of the Holt Accelerator, we are connecting to a lot of businesses and are in the process of establishing more client relationships!”

Marco Fernandez, CEO QuantumSense

Recipe for Success

Most recently, QuantumSense had the opportunity to participate in one of their largest pitch contests to date at the Insurtech North event, held in Gatineau, Quebec.

With over 200 industry experts and investors in attendance from the US and Canada, the experience was a huge success for QuantumSense, gaining many leads and subsequent exposure from the event.

We were nominated to participate in the event by Holt — it was incredible to showcase QuantumSense to such an audience! We received very positive feedback from influencers, potential clients as well as potential investors. ”

Marco Fernandez, CEO QuantumSense  

Joining the Holt Fintech Accelerator

QuantumSense are graduates from the CDL program in Toronto where they first had the pleasure of meeting Sergio Escobar, a Holt Accelerator advisor.  He was the one who suggested the team apply to the program, and saw the great potential in their product.

“As 1 of only 13 teams chosen, we’re incredibly grateful to be part of the program — it can be hard as a startup! We are the only team that is fully AI and are working closely with Stradigi AI to continue developing this part of our product. Resources like this together with the extensive team of advisors, the network connections, events and conferences, give us momentum and really push us to the next level of growth.”

Marco Fernandez, CEO QuantumSense

Bonus: Behind the Scenes

What would you like to see in the future of Fintech that is not currently possible or happening in the industry?

Marco: In terms of InsurTech, I’d love to get to the stage where claims are submitted and payouts are received in real-time! That systems could detect what happened to you, compare and learn from similar cases in the past and be able to make accurate predictions about risk factors, and even make recommendations regarding medical treatments and checks you should undergo to prevent it from ever becoming serious!  

How do you blow off steam after a hard day’s work with QuantumSense?

Marco: Any racket sport! I play speedbadminton, now known as crossminton, and have been playing for Switzerland in the world championships as one of the top 25 players in the world. I’ve also just started padel intensely last summer, which is great fun and has become hugely popular in Spain and spreading all over the world now. It’s a bit of a mixture between tennis and squash and I highly recommend people to try out these new sports!’

What is a fun fact about QuantumSense outsiders should know?

Marco: Did you notice the Q in the QuantumSense logo is actually a magnifying glass depicting the search tool?!

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