Deep Labs' unique persona-based artificial intelligence enables businesses to solve complex problems and continuously assess risk in real-time. The result is reduced fraud and identity theft, optimized customer experience, and better business decisions leading to revenue growth, reduced cost, and more intelligent predictive decisions for your customers. Do you see the world's interconnections? Do you see possibilities where others see barriers? Do yearn to use AI and semantic knowledge to drive meaningful change?

US-based Deep Labs, a company that leverages artificial intelligence (AI) to develop "persona-based" risk assessment solutions, has reportedly managed to secure $16 million in commitments from several Fintech investors. Gunnar Overstrom, partner at Corsair Capital, Gramercy Ventures, and Serendipity Capital led the firm's funding round. Deep Labs was established in 2016 by Scott Edington, the former head at Visa Labs. It uses persona-based intelligence for authenticating and authorizing users to perform transactions. The firm's proprietary technology generates dynamic adaptive risk and propensity profiles for consumers.

Visual Connections, LLC (VC) has secured an unrestricted, prime award as a SDVOSB, HUBZone Small Business for the Department of Health and Human Services (HHS), Program Support Centers'(PSC), Intelligent Automation/Artificial Intelligence IDIQ (IAAI).This award enables VC and its partners to compete for Requests for Task Order Proposals (RFTOPs) issued via this innovative IAAI contract vehicle providing solutions, services and products. VC assembled a strategic team of partners comprised of "technology partners" and "service partners" to facilitate robust offerings for this contract. A key technology partner for this contract is Deep Labs, Inc. (Deep Labs), a unique persona-based artificial intelligence company yielding intelligent predictive decisions for its clients. Via a VC prime contract, VC and Deep Labs have previously partnered to conceive, develop and implement a successful artificial intelligence pilot for the Centers for Medicare and Medicaid Services (CMS), Center for Program Integrity (CPI) department utilizing deep visioning and learning techniques and tools for CMS's Medicare Part D program, which covers prescriptions for over 39 million beneficiaries. This pilot was designed to discover potentially fraudulent activity before it occurs related to Excluded Providers (EP) to help reduce and minimize the "pay-and-chase path of recovery of funds" and to enhance CMS's ability to proactively identify and investigate potential fraud.

"Deep Labs, Inc., the leader in persona-based artificial intelligence, has announced it successfully helped the Centers for Medicare and Medicaid Services (CMS) more effectively identify potential fraud and abuse. The pilot project was managed by prime contractor Visual Connections." "Visual Connections and Deep Labs partnered to conceive, develop and implement a successful artificial intelligence pilot, utilizing deep visioning and learning techniques and tools for CMS's Medicare Part D program, which covers prescriptions for over 39 million beneficiaries. This project was designed to discover potentially fraudulent activity before it occurs, and to enhance CMS's ability to proactively identify and investigate potential fraud by providing visualization of CMS data, allowing for improved decisioning." Source: Deep Labs Partners On AI Project That Helps Medicare Office More Effectively Identify and Prevent Fraud & Abuse – August 19, 2019.