17 January 2022 | Features
AI-powered digital, risk & decision Insurtech platform
Inception- 2018
Location- Bengaluru
Domain- Insurtech (Healthcare)
Founders- Layak Singh and Puneet Tandon
Total team strength- 75+
Total funds raised- Rs 15.3 crore
Investors- KFintech, Indian Angel Network, Scale Venture Partners and Sensei
Revenue generated since inception- NA
Key Highlights-
Founder Speaks-
"The insurance industry is undergoing a major transformation, especially after the COVID-19 pandemic when concerns regarding a secure health and life insurance were high. These changes are driven by InsurTech firms that are upping their game by driving new inventions using new age technologies like AI, ML, Blockchain, Internet of Things (IoT) and Cloud Computing. These technologies are replacing legacy software and providing self-driving processes for building and managing an insurance business. In addition, because of changes in business models, insurance companies are also using digital solutions to grow their business and develop product lines based on customer demand that contributes to market growth."
- Layak Singh, Chief Executive Officer, Artivatic.AI, Bengaluru