Consint.AI, a trailblazer in Generative AI-driven healthcare insurance fraud and risk management, has raised Rs 5 crore in a seed funding round led by Equanimity Ventures and Seafund. The funds will be utilized to scale operations, enhance infrastructure, and accelerate the development of its Generative AI Feature Suite for its Health AI Platform, aiming to redefine healthcare claims transactions and personalized care.
The company plans to leverage the investment to expand its team, boost research and development efforts, and refine its cutting-edge platforms like Risk.ai, which optimizes insurance transactions and fraud detection, and CIPHR.ai, designed to revolutionize care personalization and streamline claims management. “This funding accelerates our mission to lead the charge in AI-powered healthcare transformation,” said Ashish Chaturvedi, Founder and CEO of Consint.AI.
Consint.AI has seen remarkable traction over the last two quarters, securing Rs 10+ crore in signed contracts, including multi-year agreements with leading insurance providers and hospitals. This robust market validation highlights the demand for the company’s solutions, particularly in Generative AI and document forensics, which address critical inefficiencies in the $600 billion healthcare transaction market.
Manoj Agarwal, Managing Partner at Seafund, expressed confidence in Consint.AI’s potential. “Their focus on healthcare insurance claims processing and fraud detection addresses a multi-billion dollar problem. We believe in their ability to revolutionize performance for insurance and healthcare institutions with their expertise and cutting-edge technology,” he said.
Founded in 2020 by Ashish Chaturvedi and joined later by co-founder Swadeep Singh, Consint.AI empowers businesses in emerging markets and the U.S. to deliver value-based care and operational efficiency. The recent launch of CIPHR.ai, an AI-powered platform tailored for hospitals, underscores its commitment to innovation. Built on custom Generative AI models, CIPHR.ai provides intelligence at the point of care, making critical patient management and claims transactions more efficient.
Looking ahead, Consint.AI plans to expand the Risk.ai platform across private and public insurance markets in the APAC and MEA regions while strategically entering the U.S. healthcare market with CIPHR.ai. These initiatives are aimed at driving sustainable growth and ensuring a strong product-market fit for its solutions. The company also projects 4x year-on-year business growth as it continues to transform healthcare transactions with AI-driven technologies.
By addressing inefficiencies in healthcare claims processing, fraud detection, and personalized care, Consint.AI is poised to lead the next wave of innovation in health tech, empowering businesses globally to achieve seamless operations and sustainable growth.
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