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Healthcare AI startup Consint.AI raises Rs 22 crore ($2.3 million) in Series A funding backed by BIG Global Investment JSC, Equanimity Ventures Trust II, and Seafund Venture India Scheme I.

PRIVATEAug 06, 20264 days ago

Amount Raised

$2.3 Million

Round Type

Series A

NoidaHealth CareArtificial IntelligenceMachine Learning

Investors

Seafund Venture India Scheme IEquanimity Ventures Trust IiBig Global Investment Jsc

Description

Consint.AI, a deeptech company transforming healthcare and insurance risk management through AI, has raised Rs 22 crore ($2.3 million) in a Series A funding round. The funds will be used to strengthen its AI research and expand globally. Consint.AI has developed AI platforms assessing 100 million transactions, identifying over Rs 1,000 crore in fraud. The startup plans to enhance fraud detection and extend its AI-based solutions across various regions.

Company Information

Company

Consint.AI

Location

Noida, Uttar Pradesh, India

About

Consint.AI is a pioneering Generative AI-driven healthcare fraud and risk management company founded in 2020. The company aims to transform healthcare transactions and enhance personalized care through cutting-edge platforms like Risk.ai and CIPHR.ai. By leveraging advanced Generative AI solutions, Consint empowers businesses across emerging markets and the U.S. to drive value-based care and operational efficiency.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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