Northwestern Mutual invests in AI-based medical records startup

Northwestern Mutual is investing up to $85,000 in a startup that's developing an artificial intelligence-based platform for extracting data from electronic medical records. Because some electrical medical documents are difficult to review, Pythonic AI, a new company co-founded by Baoqiang Cao and Matt Younkle, developed a machine learning platform to pull key words from electronic documents needed in underwriting insurance policies or evaluating claims.

Pythonic AI is receiving the investment as part of winning Northwestern Mutual's Reverse Pitch MKE, a competition where the company invites entrepreneurs and startups to pitch tech solutions for problems presented by the Milwaukee-based life insurance and financial services giant. One of the challenges was finding a solution for streamlining the medical review process.

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