Generative AI-driven healthcare insurance fraud and risk management company Consint.AI has successfully raised ₹5 crore in a seed funding round led by Equanimity Ventures and Seafund. The investment will fuel the company’s efforts to scale operations, enhance its Generative AI Feature Suite for its Health AI platform, and support infrastructure upgrades, R&D initiatives, and team expansion.
Driving Innovation with Generative AI
The funds will be used to accelerate advancements in areas such as:
- Fraud Detection: Leveraging AI to identify and mitigate insurance fraud.
- Claims Processing Optimization: Enhancing efficiency and accuracy in healthcare claims management.
- Personalized Clinical Care: Delivering innovative solutions for tailored patient care.
These advancements are designed to empower healthcare providers and insurers to improve performance, streamline operations, and offer value-based care across global markets.
Investor Confidence
Manoj Agarwal, Managing Partner at Seafund, stated, “Our focus on emerging tech like GenAI, deep tech, IoT, and sustainability drives us to back unique and innovative startups. Consint.AI’s sharp focus on solving healthcare insurance claims processing and fraud detection is addressing a multi-billion-dollar problem, and we are excited to support their journey to scale and grow.”
Founders and Vision
Founded in 2020 by Ashish Chaturvedi, later joined by Swadeep Singh as Co-Founder, Consint.AI is at the forefront of Generative AI-driven healthcare fraud and risk management. The company’s platforms include:
- Risk.ai: Optimizes insurance transactions, minimizes fraud, and streamlines claims processing.
- CIPHR.ai: Revolutionizes critical patient management and care personalization for hospitals using custom Generative AI models.
These platforms cater to emerging markets such as India, the Middle East, and Africa, as well as the U.S., enabling seamless healthcare transactions and improved patient care.
Recent Achievements
In the past year, Consint.AI has made significant strides:
- Expanded operations to India, the Middle East, and Africa.
- Launched CIPHR.ai, an AI-driven platform for hospitals, providing intelligence at the point of care and streamlining claims transactions.
- Secured over ₹10 crore in signed contracts, including multi-year agreements with leading insurers and healthcare providers.
The company’s solutions in Generative AI and Document Forensics have gained strong market validation, addressing critical challenges in modern healthcare systems.
Leadership Insights
Ashish Chaturvedi, Founder and CEO of Consint.AI, remarked,
“This market traction underscores the transformative potential of Generative AI in reshaping healthcare. With platforms like CIPHR.ai and Risk.ai, we are addressing complex challenges in healthcare transactions and personalized care. This funding accelerates our mission to lead AI-powered healthcare transformation and empower businesses globally to deliver value-based care.”
Future Roadmap
Consint.AI aims to:
- Expand Risk.ai to optimize transactions in emerging InsurTech markets.
- Establish a strong product-market fit for CIPHR.ai in the U.S., targeting healthcare providers and Accountable Care Organizations (ACOs).
- Enhance its presence in APAC and MEA regions, addressing the $600 billion healthcare transaction market.
With a projected 4x YoY business growth, the company is poised to solidify its position as a leader in the health tech market and drive sustainable innovation in healthcare.
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