Health Insurance Startup Consint.AI Secures Seed Funding

The startup plans to use the capital to scale operations and enhance its AI-powered platform to optimize claims processing, detect fraud, and provide personalized clinical care.

Consint.AI, a healthcare insurance startup leveraging Generative AI for fraud detection and risk management, has secured INR 5 Cr seed funding from Equanimity Ventures and Seafund. 

The startup plans to use the capital to scale operations and enhance its AI-powered platform to optimize claims processing, detect fraud, and provide personalized clinical care.

“We are committed to advancing our Generative AI capabilities to deliver impactful solutions for the healthcare sector. This funding will help us accelerate our mission to lead the healthcare AI transformation, empowering businesses globally to achieve seamless operations and deliver value-based care,” said Ashish Chaturvedi, founder and CEO of Consint.AI. 

The funding will primarily be allocated to expanding Consint.AI’s workforce, which will help the startup grow its sales outreach and improve its healthcare solutions. 

The startup is also focused on accelerating the development of its Generative AI Feature Suite for its Health AI platform, which aims to enhance fraud detection and streamline insurer claims processes.

Further, the seed funding will focus on technology development and support team expansion, infrastructure upgrades, and R&D efforts.

Expansion into Emerging Healthcare Markets

The startup targets growth in the US Accountable Care Organization (ACO) sector and other emerging healthcare markets. 

As part of its strategy, Consint.AI has secured contracts worth over INR 10 Cr in the last two quarters, including a multi-year agreement with an insurance company. 

“We believe that AI is key to addressing the evolving needs of modern healthcare systems. The funding will enable us to enhance our AI solutions and scale our operations, further cementing our position as a leader in healthcare technology., Chaturvedi added.

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