Consint.AI Bags ₹22 Cr To Expand Globally, Build AI Model For Risk And Fraud Detection
AI startup Consint.AI, which offers an AI-powered healthcare fraud and management platform to enterprises, has raised ₹22 Cr (about $2.3…
Consint.AI, a Delhi-based AI startup specializing in healthcare fraud and management solutions, has successfully secured ₹22 crore in Series A funding to bolster its global expansion and AI model development. The investment was led by BIG Global Investment JSC, Equanimity Ventures Trust II, and Seafund Venture India Scheme I. This funding will enable Consint.AI to broaden its presence in the US, MENA, and Southeast Asia, while enhancing its AI capabilities for fraud detection, claim processing, and clinical intelligence.
The startup plans to create a foundational model focused on fraud, waste, and abuse (FWA) detection across the insurance, banking, and financial services sectors, which will power its flagship platforms Risk.ai and CIPHR.ai. These platforms aid in automating processes for healthcare providers, insurers, and enterprises by identifying fraudulent transactions, assessing underwriting risks, and standardizing patient health records.
Consint.AI, founded in 2020 by Ashish Chaturvedi, Swadeep Singh, and Rajat Shah, has already established a strong presence in the enterprise AI space, with its products designed to streamline operational workflows, improve compliance, and bolster fraud detection. To date, the startup has processed over 100 million transactions, identifying more than ₹1,000 crore in fraud.
Since its inception, Consint.AI has raised a total of over ₹27 crore, with the latest infusion bringing its total funding to this new milestone. The healthcare, insurance, and BFSI automation sectors are becoming increasingly competitive, with numerous startups utilizing AI to optimize processes and address industry-specific challenges.
Notably, India's startup ecosystem has seen a surge in vertical AI solutions, such as Jivi's focus on clinical workflows and patient care and Pype AI's development of AI voice agents for healthcare providers. This influx of investment in domain-specific enterprise AI platforms underscores investor confidence in the potential of specialized AI solutions for enterprise needs.
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