Owl.co Honored as a Winner in 2025 Technology Fast 50 Awards
Owl.co has officially been recognized as a winner in the prestigious 2025 Technology Fast 50™ program, which celebrates the fastest-growing technology companies in Canada. Based in Vancouver, British Columbia, Owl.co has gained the trust of top-tier insurance providers across North America, including seven of the top ten tier-1 carriers. This recognition highlights not just their remarkable revenue growth but also their operational excellence and commitment to transforming the insurance landscape through innovative technology.
The Technology Fast 50 program evaluates companies on their revenue growth over the past four years, and Owl.co's ascent to being among the top 50 Canadian technology firms demonstrates its dedication to harnessing artificial intelligence (AI) within the insurance sector. “We are truly honored to be recognized among the fastest-growing technology companies in Canada,” stated Sean Merat, the CEO and co-founder of Owl.co. He emphasized that this acknowledgment reflects their ongoing commitment to developing AI for insurance providers that is accountable, effective, and ethical.
Founded in 2017, Owl.co has had a considerable head start in creating AI solutions tailored for the insurance industry, even before the recent boom of AI technologies. Their sustained growth can be attributed to their ongoing technological iterations, allowing them to meet the evolving needs of their customers effectively. “What drives our growth is our focus on providing an AI-enabled service that enhances the claimant experience,” Merat explained. Owl.co aims to assist insurers in prioritizing customer service while maintaining a human touch, which is paramount in the insurance field.
As a response to the challenges faced by insurance providers, Owl.co has developed an AI-powered toolkit that processes vast amounts of documentation and data, yielding insightful results for claims management. Their advanced technology has already processed over 1.5 billion claims documents and reviewed more than 4 million claims by 2025. This impressive track record not only underscores their technological prowess but also their impact in streamlining the claims process for both policyholders and insurance carriers.
To qualify for the Technology Fast 50 ranking, companies must meet specific criteria: they need to be operating for at least four years, demonstrate significant revenue growth (from a minimum of $50,000 in 2021 to at least $5 million in 2024), be headquartered in Canada, and own proprietary technology. Additionally, they should invest a minimum of 5% of their gross revenue in research and development activities conducted within Canada.
Owl.co’s recognition aligns it with other notable companies in the technology landscape, contributing to the growing stature of Canada’s tech ecosystem. Their leadership team, composed of experienced professionals from the insurance industry and backed by over $30 million in funding, is not just advancing AI in insurance but also fostering a new paradigm of AI governance and transparency. As the industry continues to evolve, Owl.co stands at the forefront, ready to assist insurers in adapting to an ever-changing environment with innovative, trustworthy solutions.
For more insights into Owl.co's offerings and further updates on their journey, visit their official website at and follow them on LinkedIn. Keeping abreast of advancements in technology is essential for all stakeholders in the insurance sector, as firms like Owl.co lead the charge in redefining industry standards and practices.
The Technology Fast 50 program, run by Deloitte, also recognizes entrepreneurship and business growth in various categories, including 'Companies-to-Watch' and 'Enterprise Industry Leaders'. With sponsors like RBCx, Osler, EDC, and TMX supporting the program, it continues to foster a vibrant growth environment for technology companies across Canada and the U.S. More information can be found at.
The Technology Fast 50 program evaluates companies on their revenue growth over the past four years, and Owl.co's ascent to being among the top 50 Canadian technology firms demonstrates its dedication to harnessing artificial intelligence (AI) within the insurance sector. “We are truly honored to be recognized among the fastest-growing technology companies in Canada,” stated Sean Merat, the CEO and co-founder of Owl.co. He emphasized that this acknowledgment reflects their ongoing commitment to developing AI for insurance providers that is accountable, effective, and ethical.
Founded in 2017, Owl.co has had a considerable head start in creating AI solutions tailored for the insurance industry, even before the recent boom of AI technologies. Their sustained growth can be attributed to their ongoing technological iterations, allowing them to meet the evolving needs of their customers effectively. “What drives our growth is our focus on providing an AI-enabled service that enhances the claimant experience,” Merat explained. Owl.co aims to assist insurers in prioritizing customer service while maintaining a human touch, which is paramount in the insurance field.
As a response to the challenges faced by insurance providers, Owl.co has developed an AI-powered toolkit that processes vast amounts of documentation and data, yielding insightful results for claims management. Their advanced technology has already processed over 1.5 billion claims documents and reviewed more than 4 million claims by 2025. This impressive track record not only underscores their technological prowess but also their impact in streamlining the claims process for both policyholders and insurance carriers.
To qualify for the Technology Fast 50 ranking, companies must meet specific criteria: they need to be operating for at least four years, demonstrate significant revenue growth (from a minimum of $50,000 in 2021 to at least $5 million in 2024), be headquartered in Canada, and own proprietary technology. Additionally, they should invest a minimum of 5% of their gross revenue in research and development activities conducted within Canada.
Owl.co’s recognition aligns it with other notable companies in the technology landscape, contributing to the growing stature of Canada’s tech ecosystem. Their leadership team, composed of experienced professionals from the insurance industry and backed by over $30 million in funding, is not just advancing AI in insurance but also fostering a new paradigm of AI governance and transparency. As the industry continues to evolve, Owl.co stands at the forefront, ready to assist insurers in adapting to an ever-changing environment with innovative, trustworthy solutions.
For more insights into Owl.co's offerings and further updates on their journey, visit their official website at
The Technology Fast 50 program, run by Deloitte, also recognizes entrepreneurship and business growth in various categories, including 'Companies-to-Watch' and 'Enterprise Industry Leaders'. With sponsors like RBCx, Osler, EDC, and TMX supporting the program, it continues to foster a vibrant growth environment for technology companies across Canada and the U.S. More information can be found at
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