Consint.AI, a startup using Generative AI to address healthcare insurance fraud and risk management, has raised Rs 5 crore in its seed funding round, led by Equanimity Ventures and Seafund.
The funds will be used to scale operations, enhance sales outreach, and further develop its AI-driven platform.
Additionally, the company plans to expand its team, improve infrastructure, and boost R&D efforts to strengthen its position in the rapidly evolving health tech market.
Founded in 2020 by Ashish Chaturvedi, with Swadeep Singh as co-founder, Consint.AI provides advanced solutions such as Risk.ai and CIPHR.ai.
Risk.ai is designed to streamline insurance transactions and reduce fraud, while CIPHR.ai, the company’s latest offering, is dedicated to enhancing critical patient management in hospitals.
Built on custom Generative AI models, CIPHR.ai delivers real-time intelligence at the point of care and enhances claims transactions, significantly improving efficiency for healthcare providers.
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In the last 12 months, Consint.AI has gained significant traction, expanding into India, the Middle East, and Africa.
The company has secured Rs 10 crore in signed contracts, including multi-year agreements with leading insurance providers and hospital systems, showcasing strong market validation and demand for its solutions.
Targeting emerging healthcare markets and the U.S. Accountable Care Organization (ACO) sector, Consint.AI is positioning its Generative AI platform to address the evolving needs of modern healthcare systems.
