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“Aquila Systems has been able to deploy the product with very large insurance providers and been testing and verifying the value proposition in detecting insurance fraud in the workers compensation industry, saving millions”
FREMONT, Calif. (PRWEB)
September 04, 2020
Aquila Systems Inc. (https://www.aquilasystems.ai) was selected as a TiE50 Winner in the prestigious TiE50 Awards Program. This ten-year-old awards competition is a program of TiEcon, the world’s largest conference for tech entrepreneurs. Aquila Systems Inc. was recognized for its innovative approach driven by AI and cloud software product for Workers Compensation Insurance Fraud.
“Aquila Systems has been able to deploy the product with very large insurance providers and been testing and verifying the value proposition in detecting insurance fraud in the workers compensation industry. With more than 20 pre-built use cases, we have saved tens of millions of dollars for our clients. The TiE50 award is further proof of how we are perceived as opening a new frontier where AI-based algorithms can be something that is better than humans can,” said Srini Madala, Founder and CEO of Aquila Systems.
Aquila Board member Naeem Zafar added, “Every industry will be touched by and transformed by AI in the future. Glad to see Aquila’s approach being recognized for Silicon Valley’s leading technology leaders.”
“TiE50 again attracted high potential startups bringing innovation from different parts of the world. Besides the recognition associated with the TiE50 award, this year TiE50 also partnered with Meet the Drapers, a ground-breaking reality show, to give an opportunity to some companies to pitch to the show,” said Kamal Anand, TiE50 Program Chair.
“For over 28 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of half million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high potential startups,” said B.J. Arun, President, TiE Silicon Valley.
The TiE50 Awards will be presented virtually to the winners during a ceremony on September 3, 2020. For more information, please go to https://www.tiecon.org/TiE50Awards2020/
About TiE50
Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world’s top technology and technology-enabled startups. TiE Silicon Valley’s premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO with 29 of the exits at over $100 million.
About TiEcon
TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global service providers. Delegates range from CEOs of top companies to first-time entrepreneurs as well as corporate executives and investment professionals. TiEcon was listed as one of the 10 best conferences for ideas and entrepreneurship by Worth Magazine, along with TED and the World Economic Forum. Previous TiEcon events have attracted 5,000+ attendees from 22 countries. More information: TiEcon.org
Media Contact:
Srini Madala
Founder & CEO Aquila Systems
Srini.madala@aquilasystems.ai
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