Consint.AI, a GenAI-driven healthcare Insurance fraud and risk management company, has raised ₹5 crore in a seed funding round led by Equanimity Ventures and Seafund.
The funds raised will be used to scale its operations through expanded sales outreach and accelerate the development of the Generative AI Feature Suite for the Health AI Platform. This includes enhancing fraud detection, optimizing claims processing, and delivering personalized clinical care to drive innovation in healthcare.
The funds raised will be also used for team expansion, infrastructure upgrades, and R&D efforts.
Ashish Chaturvedi, Founder and CEO, Consint, said, “This current market traction and milestones highlight the transformative potential of Generative AI in reshaping healthcare as we know it. At Consint, we are pioneering GenAI-driven platforms like CIPHR.ai and Risk.ai to solve complex challenges in healthcare transactions and personalized care. Our focus remains on advancing our Generative AI capabilities to drive innovation, deliver impactful solutions, and empower businesses globally to achieve seamless operations and value-based care. This funding accelerates our mission to lead the charge in AI-powered healthcare transformation.”
Manoj Agarwal, Managing Partner, Seafund, said, “Our focus on emerging tech like GenAI, deep tech, IoT and sustainability has been the guiding force when it comes to backing unique and innovative startups. Consent.AI’s laser-sharp focus on solving the problem of healthcare Insurance claims processing and fraud detection improving performance of Insurance and Healthcare institutions is a multi-billion dollar problem to solve and we believe that we have the necessary expertise and network to help the company grow and reach its ambitions.”
Founded in 2020 by Ashish Chaturvedi and later joined by Swadeep Singh as Co-Founder, Consint.AI is a Generative AI-driven healthcare fraud and risk management company dedicated to transforming healthcare transactions and personalized care.
Consint aims to optimize healthcare claims transactions, making it affordable and efficient with its cutting-edge platforms like Risk.ai, engineered to optimize insurance transactions and mitigate fraud, and CIPHR.ai which is designed to enhance critical patient management and streamline claims generation.
In the last 12 months, Consint.AI has achieved remarkable traction, expanding into India, the Middle East, and Africa.
The company has recently launched CIPHR.ai, an AI-driven platform tailored for hospitals, built upon custom Generative AI models to revolutionize care personalization in critical patient management. CIPHR.ai provides intelligence at the point of care and generates claims transactions enhancing efficiency for healthcare providers.
