Consint.AI is a GenAI-based healthcare startup for risk and healthcare insurance fraud management. The startup secured Rs 5 crore in its ongoing seed funding round from Equanimity Ventures and Seafund. The Firm’s existing and new investors also participated in the round. The startup plans to use these fresh proceeds to scale its operations, improve its platform, expand its team, and expand its sales outreach while strengthening its position in the health tech market.
The Gen AI firm aims to use some of this investment to improve its research & development efforts and develop a Generative AI feature Suite for the health AI platform. Since its inception, the company has secured around 420k USD across one funding round. The firm raised this amount from Venture Garage and Equanimity Investments during its seed funding round. The startup aims to optimize healthcare claims and funds transactions.
The startup intends to use this investment to improve its offerings while expanding its operations. The company leverages advanced technologies to offer a seamless user experience and secure transactions. The firm also provides other healthcare platforms like Risk.ai, which is designed to optimize insurance transactions. Another online platform CIPHR.ai aims to enhance critical patient management. The firm plans to enhance the healthcare experience for its customers across the globe using various Gen AI technologies.
This Noida-based company wants to provide affordable and efficient healthcare solutions. The startup receives investments from Venture Garage and Equanimity Investments. Consint.AI claims to have expanded its services into the Middle East, India, and Africa in the past year. The development came just after the Gen AI ad healthcare platform received increased investor interest. Before this round, the existing investor, Equanimity Investments was the firm’s largest institutional investor.
This investment shows the investor’s trust in ConsInt AI’s market potential and business model. The startup plans to expand its customer base and strengthen its position in the Gen AI market. The development came just when the Gen AI sector caught the interest of investors in the Indian startup ecosystem. The Generative AI market is predicted to increase and reach its highest peak by the end of 2030. ConsInt AI faces competition from other healthcare platforms with Gen AI technologies such as IKS Health, Citus Tech, and Azalea Health.
CONCLUSION:
Consint AI is an online healthcare insurance fraud and risk management platform that raised Rs 5 crore in its ongoing seed funding round from the participation of Equanimity Ventures and Seafund. The company intends to use this fresh capital to improve its online platform, scale its operations, and strengthen its position in the healthtech market. The startup has secured around 420k USD across one seed funding round from Venture Garage and other investors.
This Gen AI firm aims to enhance and provide affordable healthcare solutions. The company has developed various platforms for health management services like Risk.ai and CIPHR AI. The company claims to offer its services in India, Africa, and the Middle East. Consint AI competes with other platforms like Citus Tech and IKS Health.
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