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- Consint.AI has raised Rs 22 crore (approximately $2.3 million) in a Series A funding round backed by BIG Global Investment JSC, Equanimity Ventures Trust II, and Seafund Venture India Scheme I.
- The fresh capital will support global expansion across India, the Middle East, Africa, the United States, and Southeast Asia, while also funding the development of a foundational model for fraud, waste, and abuse detection.
- Founded by Ashish Chaturvedi, Consint.AI develops AI platforms for healthcare and insurance risk management.
- The company has assessed more than 100 million transactions and identified over ₹1,000 crore in fraud using more than 500 AI and machine learning models.
Consint.AI, founded by Ashish Chaturvedi, has successfully raised Rs 22 crore (approximately $2.3 million) in a Series A funding round, backed by BIG Global Investment JSC, Equanimity Ventures Trust II, and Seafund Venture India Scheme I.12
The funds will be utilized to enhance its global presence across India, the Middle East, Africa, the United States, and Southeast Asia, while also accelerating the development of advanced AI solutions for healthcare and insurance risk management.3
Consint.AI's platform has already assessed more than 100 million transactions and identified over Rs 1,000 crore worth of fraud using more than 500 AI and machine learning models and over 500 digitised clinical protocols.4
The startup aims to develop a foundational model designed to detect fraud, waste, and abuse across various sectors, including healthcare, insurance, banking, and financial services. This model will enhance fraud detection capabilities and support insurers, healthcare providers, and government health programs.
Beyond fraud detection, Consint.AI is also focused on improving claims processing, document forensics, and clinical intelligence, helping organizations automate decision-making and enhance the accuracy of risk assessments.
With this funding, Consint.AI is poised to significantly impact the healthcare and insurance sectors by leveraging AI to improve operational efficiency and reduce financial losses.
“The company has assessed over 100 million transactions and identified over Rs 1,000 crore in fraud using more than 500 AI models and 500 digitised clinical protocols. Founded by Ashish Chaturvedi, it plans to expand across India, the Middle East, Africa, the US, and Southeast Asia.”
