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Tag: Manoj Agarwal

  • Health tech firm Consint.AI raises Rs 5 crore seed investment

    Health tech firm Consint.AI raises Rs 5 crore seed investment

    MUMBAI: GenAI-driven healthcare Insurance fraud and risk management company Consint.AI has raised Rs 5 crore in a seed round led by Equanimity Ventures and Seafund. The capital raised will be deployed to scale operations through expanded sales outreach and accelerate the development of the genAI feature suite for the health AI platform.

    This includes enhancing fraud detection, optimising claims processing, and delivering personalised clinical care. Funding raised in the current round will also support team expansion, infrastructure upgrades, and R&D efforts to help it grow in the health tech solutions market.

    Says Seafund managing partner Manoj Agarwal:  “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. Consint.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.”
     
    Adds Consint founder & CEO Ashish Chaturvedi:  “This current market traction and milestones highlight the transformative potential of generative AI in reshaping healthcare as we know it. At Consint.AI, we are pioneering genAI-driven platforms like CIPHR.ai and Risk.ai to solve complex challenges in healthcare transactions and personalised care. Our focus remains on advancing our genAI 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”

    Founded in 2020 by Ashish Chaturvedi and later joined by Swadeep Singh as a co-founder, Consint.AI aims to optimise healthcare claims transactions, making them affordable and efficient with cutting-edge platforms like Risk.ai, engineered to optimise insurance transactions and mitigate fraud, and CIPHR.ai which is designed to enhance critical patient management and streamline claims generation. By harnessing advanced genAI solutions, the company helps businesses across emerging markets and the US to drive value-based care, operational efficiency, and sustainable growth.

    In the past 12 months, Consint.AI has expanded  in India, the middle east, and Africa. The company recently launched CIPHR.ai, an AI-driven platform tailored for hospitals, built upon custom gen AI models for  care personalisation in critical patient management. CIPHR.ai provides intelligence at the point of care and generates claims transactions. It is targeted at emerging health markets and the US Accountable Care Organisation (ACO) sector.

    In the past two quarters, the company has achieved significant growth, securing Rs 10 plus crore in signed contracts. This includes multiple multi-year agreements with leading insurance providers and hospital systems. Consint.AI  plans to continue expanding Risk.ai to drive transactions in the emerging InsurTech markets, with a focus on product enhancements and accelerated sales efforts. Additionally, it aims to strategically penetrate the US market by establishing a strong product-market fit for its CIPHR.ai provider platform, leveraging its generative AI solutions to meet the specific needs of healthcare providers ACOs. 

    Consint.AI is focused on the $600 billion healthcare transaction market and with a projected 4x YoY business growth, the company is strategically expanding its Risk.ai product across private and public insurance markets in the APAC and MEA regions. 

  • Kognoz and Giift partner to pioneer the future of work with IMMERSE

    Kognoz and Giift partner to pioneer the future of work with IMMERSE

    Mumbai: Kognoz, a technology-driven people consulting company, has announced a strategic partnership with Giift, a global leader in loyalty and rewards technology. This collaboration marks a significant milestone in the realm of workplace dynamics, introducing a revolutionary platform named “IMMERSE” designed to address the challenges posed by the hybrid model of work.

    IMMERSE is a cutting-edge employee engagement approach that prioritizes self-determination and fosters an environment of immersion – specifically, immersion in purpose and well-being. In an era where remote and hybrid work models have become the norm, it aims to redefine the employee experience by providing a unique and tailored solution for immersive engagement.

    The partnership between Kognoz and Giift aims to leverage their respective strengths to create a comprehensive solution for businesses seeking to overcome the challenges of employee engagement in the evolving landscape of work. With the hybrid model presenting unprecedented hurdles in fostering a connected and engaged workforce, IMMERSE emerges as the solution to bridge the gap.

    Kognoz, known for its technology-driven people consulting expertise, brings a wealth of knowledge and experience to the table. The company’s innovative approach to human capital development aligns seamlessly with Giift leadership in employee engagement solutions. Together, they aim to create a holistic platform that addresses the dynamic needs of modern workplaces.

    Talking about the partnership, Kognoz co-founder and director Lokesh Nigam said, “We are thrilled to partner with Giift on this groundbreaking initiative “IMMERSE is not just a platform; it’s a paradigm shift in how we perceive and approach employee engagement. In collaboration with Giift, we are excited to bring forth a solution that goes beyond the conventional, offering an immersive experience that caters to the unique needs of the hybrid workforce”.

    Giift, recognised for its loyalty management solutions around the globe, adds its extensive insights and technology prowess to the partnership. The collaboration envisions empowering organizations to build a culture of sustained engagement, promoting employee well-being, and enhancing overall productivity.

    Giift co-founder, CPO & CMO Manoj Agarwal said “We are looking forward to this strategic partnership with Kognoz as IMMERSE aligns perfectly with our mission to create meaningful and memorable experiences for employees, regardless of their work location. Together, we aim to redefine the employee engagement landscape and set new benchmarks in fostering a connected and motivated workforce”.

    The partnership between Kognoz and Giift is poised to usher in a new era of employee engagement, providing organizations with the tools and strategies needed to thrive in the hybrid work environment. Immerse is set to be a game-changer, offering a unique blend of technology, human-centric design, and a forward-thinking approach to employee well-being.