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Newsroom

Novus Highlights AI's Role in Transforming the Insurance Industry

Novus uses AI to transform insurance, improving claims processing and driving innovation.

May 20, 2023
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Novus is at the forefront of revolutionizing the insurance sector with productive AI solutions, particularly in claims processes. In a recent interview with Insurer Newspaper, Novus co-founder Vorga Can emphasized the transformative potential of AI in insurance, focusing on data and semantic analysis to enhance claims handling and other processes.

The rise of generative AI and big language models, as seen with applications like ChatGPT and Dall-E, has increased the spotlight on AI's applications across various sectors, including insurance. Novus, specializing in generative AI and semantic analysis, is making significant strides in this direction.

Initially starting as a media company, Novus pivoted to leveraging its deep knowledge in machine learning and AI for content production. This evolution led to the creation of Novus Writer, allowing companies to generate written content using their own data. Investments from entities like SWG in Estonia, the MIT Sandbox program, and substantial cloud loans have propelled Novus forward.

Vorga Can highlighted the company's focus on semantic analysis, aiming to make data more communicative and functional for businesses. Novus Writer and Novus On-Prem solutions are key products in this endeavor, offering customizable AI tools for content creation and operational efficiency.

Differentiating itself from competitors, Novus leverages its Custom-AI capability, allowing companies to quickly train models with their data, yielding high-quality outputs. Collaborations with major banks and businesses in Turkey further showcase Novus's expertise in AI solutions.

Looking at the insurance sector, Vorga Can sees enormous potential for AI to streamline and optimize operations, particularly in post-loss processes. An AI model trained with a company's data and know-how could significantly improve communication and efficiency, enhancing overall industry performance.

Novus's goals extend beyond content optimization for SMEs. The company aims to become a leading on-prem AI provider, first in Turkey and then globally, focusing on Europe and the US markets. Vorga Can invites senior managers in the insurance industry to explore AI-driven solutions, emphasizing the importance of building an "AI Corpus" for competitive advantage in the near future.

For more insights and detailed plans from Novus, you can refer to the full article Semantik analiz ve üretken yapay zekâ çözümleri sigortacılıkta fark yaratabilir on the Sigortacı Gazetesi website.

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Newsroom

Novus Elevates with $500,000 Investment from Inveo Ventures and Partners

Novus secures $500K investment led by Inveo Ventures, boosting its AI tech for global expansion and innovative content solutions.

May 10, 2023
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We are thrilled to announce that Novus has successfully secured a $500,000 investment in a round led by Inveo Ventures, with significant contributions from esteemed partners like Startup Wise Guys, Venture Lane, and Aegan Ventures. This marks a major milestone in our journey, reinforcing our commitment to revolutionizing content and analysis solutions for corporate companies with our cutting-edge artificial intelligence and NLP (Natural Language Processing) technologies.

Building on our previous success, including a substantial investment from Startup Wise Guys in 2022 valuing us at 4.5 million euros, this new influx of capital is a testament to our potential and the faith our investors have in our vision.

Headquartered in Istanbul and Boston, we continue to provide our users with fast, authentic, and verified text solutions, leveraging the latest advancements in NLP.

This fresh investment will be pivotal in further developing our AI solutions and facilitating our expansion on a global scale. Our focus is set on strengthening global expansion strategies, enlarging our team, and undertaking significant projects in the AI field.

Our achievements include completing prestigious programs like the MIT Sandbox and Google for Startups in August 2022, where we also received grant and loan support. With this new investment, Novus is poised to become a leading figure in the rapidly growing field of artificial intelligence.

Rıza Egehan Asad, Co-Founder and CEO of Novus, shared his enthusiasm about being at the forefront of the AI revolution. Emphasizing the responsibilities and opportunities ahead, he revealed our latest contribution to the field with our SEO-oriented language model.

Haluk Nişli, General Manager of Inveo Ventures, highlighted their strategic approach to investment and recognized Novus's potential to be a pioneer in its sector and to create significant impact in both local and global markets.

For more details on our progress and future plans, please refer to the full article Novus, Inveo Ventures liderliğinde 500 bin dolar yatırım aldı on the Webrazzi website.

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Customer Stories

KLOK and Novus: Transforming Content Creation with AI-Powered Customization

KLOK and Novus transformed content creation with Custom AI, solving key challenges and enhancing SEO and social media results.

February 17, 2023
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In the dynamic world of content creation, KLOK, the AI-driven content production agency, embarked on a transformative journey alongside Novus. Faced with the intricate challenge of aligning AI-generated content with diverse brand languages under often vague project briefs, KLOK and Novus joined forces for an innovative solution – Custom AI. This collaboration unlocked the power of highly customized, fact-checked content, resulting in a notable surge in KLOK's social media presence and accelerated SEO results. 

This is the story of how KLOK and Novus reshaped the content creation landscape through innovation and synergy from the outset.

The Content Creation Triangle Challenge

In the fast-paced world of content production, KLOK found themselves facing a significant challenge that's all too common in the industry. They coined it the "time, money, and quality triangle." This challenge had long been a headache for both their clients and the content creation landscape in general. Traditionally, content creators had to make a difficult choice: prioritize quality, affordability, or speed, often sacrificing one aspect for the others. KLOK set out to change this.

Since we have a one-to-one relationship with Novus, the biggest benefit is that it develops AI technology in a way that optimizes it for our time.

The pain point that KLOK grappled with was the industry's constant struggle to balance these factors. Their clients often provided vague project briefs, leading to inefficiencies, missed deadlines, and budget constraints. KLOK saw an opportunity to provide a solution that could break this cycle. They aimed to deliver content that not only met high-quality standards but also aligned with tight budgets and timelines. Their mission was to bridge the content creation gap and offer clients a comprehensive solution, recognizing the potential for growth in this endeavor.

A Game-Changing Solution for KLOK's Content Creation Challenge

KLOK, in their pursuit to conquer the "time, money, and quality triangle" challenge, found an unwavering partner in Novus right from the start. Novus introduced a transformative solution that seamlessly integrated into KLOK's content creation journey.

With Custom AI as a foundational element, KLOK's content production process immediately underwent a significant transformation. Gone were the days of vague project briefs causing inefficiencies and missed deadlines. Instead, content production became an art form, finely tuned to align with each client's unique brand identity. This precision not only met but consistently exceeded client expectations, filling the KLOK team with confidence and enthusiasm.

By using Custom AI and our relationship with Novus, we are able to produce customer-specific content. Therefore, the articles we write are not like they are written by artificial intelligence.

This transformative solution was not just about KLOK; it was a shared journey between KLOK and Novus from the beginning. It addressed the immediate challenges while enhancing the overall content creation experience for all stakeholders involved, setting a solid foundation for their ongoing partnership.

Unlocking New Horizons: KLOK's Content Creation Transformation

In the ongoing journey of Novus and KLOK, a transformative partnership that began with KLOK's inception, a remarkable transformation has unfolded. With Novus' Custom AI solution seamlessly integrated into KLOK's operations, the content creation landscape underwent a profound evolution.

With the content we produce, when we look at the rates for each of our customers, we have compressed the efficiency that customers receive in a year, especially on the basis of SEO, into a period of three months with the speed of Novus.

After embracing Novus, KLOK found themselves capable of crafting highly customized, fact-checked content at an unprecedented pace, eliminating the pain points they once faced in the "time, money, and quality triangle." This newfound efficiency and quality not only satisfied clients but also laid a solid foundation for growth.

As KLOK continues to thrive alongside Novus, their long-term plans have been profoundly impacted. The future holds boundless opportunities for innovation and expansion, with KLOK committed to nurturing their partnership and exploring new avenues to enhance their content creation capabilities. Together, Novus and KLOK embark on a journey defined by relentless innovation and unwavering collaboration, setting the stage for ongoing success in the dynamic world of content creation.

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