SUMMARY
- Data Science Wizards raised $1.4M to enhance UnifyAI and expand its team.
- The company aims to transform industries with AI solutions, focusing on insurance and beyond.
- UnifyAI provides specialized tools to improve efficiency, risk management, and regulatory compliance in insurance.
AI innovation platform, Data Science Wizards has secured $1.4 million in seed funding, reaching a valuation of $16.4 million, with the round led by an angel investor. The firm will utilize the fresh funds to expand and improve UnifyAI, their deep-tech AI platform, as well as to bolster the staff.
Data Science Wizards (DSW), founded in 2019 by Pritesh Surendra Tiwari, Ramesh Khare, Sandeep Khuperkar, and Shivam Thakkar, seeks to revolutionize industries with cutting-edge, custom AI solutions. The company’s primary goal is to empower organizations to drive digital transformation and accelerate AI adoption by providing them with measurable outcomes and speedy deployment.
With UnifyAI, Data Science Wizards will introduce insurAInce, a solution created especially for the insurance industry that will accelerate AI-driven change. With the use of specialized tools and pre-learned models, this solution addresses the particular difficulties faced by the insurance sector and improves risk management, operational effectiveness, and creativity.
The Mumbai-based startup also intends to launch industry-specific UnifyAI-based solutions for banking, telecom, retail, and manufacturing, to transform these sectors’ use of AI and facilitate the move from trial to mass production.
With a focus on areas like claims processing, risk assessment, fraud detection, and customer engagement, DSW says that the insurance solution allows for the quick installation of AI and GenAI use cases in a matter of weeks. Through platform integration, insurers can implement AI without causing any disruptions to their current processes. To satisfy the strict standards of the industry, it also has built-in regulatory and compliance functions.
Industry giants like Canara HSBC Life Insurance, Manipal Cigna, and Castler, all of whom have seen notable improvements in their operations following the integration of UnifyAI’s solutions, are said to have endorsed UnifyAI with great vigor, according to DSW.
