Artivatic.ai

artificial intelligence/machine learning

FOUNDING YEAR: 2017
LOCATION: India
Last Update: 19/02/2021

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About

Artivatic empowers insurance, broker & re-insurance businesses and developers to re-imagine insurance products for the next billion users. Artivatic builds low-cost, modular API infrastructure so that you can go live in a matter of days, not months.The Artivatic is developing its propertioery cutting edge solutions to enable enterprises for 1 Billion people to get access to insurance, financial and health benefits with alternative data sources to increase theirproductivity, efficiency, automation power, and profitability, hence improving their way of doing business more intelligently seamlessly.Artivatic offers insurance underwriting, distribution, sales, agent efficiency, enabling branches /offices to go digital, fraud, prediction, personalization, recommendation, risk profiling, consumer profiling intelligence, KYC Automation & Compliance, automated decisions, monitoring, claims processing, sentiment/psychology behaviour, auto insurance claims, travel insurance, disease prediction, device based health profiling, wellness, APIs, and more. It enables businesses to have in-depth multi source data focused intelligence & decisions. Our Pilots have demonstrated more than 50% of efficiency, 90% reduction in turnaround time, 80% better fraud identification, 70% less cost reduction, more than 60% consumer engagement, more than 40% better risk delinquencies identification and intelligence in near real time. Call us at 08041502526 for more info or write to layak@artivatic.ai

MEDICI Analysis

Artivatic is an artificial intelligence, machine learning, and technology company that provides solutions for insurance, healthcare and banking businesses. Their products are diverse and include claims, underwriting, fraud prediction, risk profiling, decision and customer intelligence, documents and KYC Automation, analyses of behavior, disease prediction, etc. They leverage life-science focused technologies to understand insights and enable more efficient decision making.

Focus

PRODUCTS & SERVICES

The company provides products - AVGenomics, AVAcross, AVPredict, and AVDecision for business users. It also provides products for services such as 1. On-Boarding & KYC - E-KYC & Digital Process, Identity Verification, Selfie & Video KYC, Signature Verification & Fraud, Digital Risk & Fraud 2. Claims & RCM - Automated Life Claims, Automated Non-Life Claims, Denial Prediction, Claims Authorization 3. Customer-Intelligence - 360 Consumer Profiling, Cross Intelligence, Digital Sense, Personality & Behaviour, Prediction & Recommendation 4. Document Digitization - Financial Documents, Medical Documents, Invoice, Form, ILA & FSR, Handwritten Documents 5. Underwriting & Scoring - Underwriting Intelligence, External Data Intelligence, Fraud & Risk Signals, Credit Worthiness & Scoring 6. Decision Intelligence - Self-Reliant Decision, Humanized AI Brain, Superimpose Decision, Contextual Intelligence.

REVENUE MODEL

Licensing & Subscription

PRIMARY PROBLEM SOLVED

• 1. Customer Onboarding Intelligence 2. Document Extraction as Service 3. Customer 360 Profiling & Behaviour 4. Risk Profiling & Fraud Detection 5. Underwriting & Claims Management 6. Automated Decision Making 7. IoT based Health & Predictive Analysis 8. Process Intelligence using AI 9. Credit Scoring 10. Disease Prediction 11. Personalization & Recommendation 12. Environmental Analysis for Risk 13. OCR/ICR 14. Decision Intelligence and more

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

COMPANY TYPE:

For Profit

REVENUE

$500k - $999k

ACTIVE USERS:

7

ACTIVE USERS COMMENT:

Artivatic has many marque Clients in India and expanding to out of India right now.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

2,268

AVERAGE VISITS (6 MONTHS)

2,233.84

MONTHLY VISITS GROWTH

-12.45%

VISIT DURATION

127

VISIT DURATION GROWTH

10.76%

PAGE VIEWS VISIT

1.82

PAGE VIEWS VISIT GROWTH

3.58%

BOUNCE RATE

39.94%

BOUNCE RATE GROWTH

-21.36%

GLOBAL TRAFFIC RANK

3,949,144

MONTHLY RANK CHANGE

-1,287,615

MONTHLY RANK GROWTH

-24.59%

Innovation Programs

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Artivatic.ai

About

Technology Platform to help Insurance & healthcare businesses for streamline & automate customer on-boarding journey & profiling, document extraction & digitisation, Underwriting risk & claims management with Data, AI & ML. Artivatic Data Labs is a young, dynamic company into artificial intelligence, head-quartered in Bengaluru, India. It builds, licenses and sells it’s proprietary human-brain like AI systems. It is an end to end AI Infrastructure platform built on deep-tech, machine learning technologies with in-depth analogy of genomic science, psychology & neuroscience. It enables Finance & Insurance sector to have in-depth multi source data focused consumer risk profiling, credit risk scoring, recommendation & personalization, automated underwriting & decisions, health & disease prediction, claims processing, fraud detection, digital data based risk scoring and document digitisation. Our Pilots have demonstrated more than 50% of efficiency, 90% reduction in turnaround time, 80% better fraud identification, 70% less cost reduction, more than 60% consumer engagement, more than 40% better risk delinquencies identification and intelligence in near real time. Insurance (Life, Health, Auto, Travel, Corporate) & are the sectors Artivatic integrates its solutions.

Focus

PRODUCTS & SERVICES

Fullstack Insurance & Health technology platform. A Launchpad for Insurance. #1- Customer On-boarding: Digital on-boarding process by digitising all KYC, financial statements, medical, invoice, ITR, Diagnosis, Proposal forms, claims forms etc. [All scanned, e-pdf, handwritten] in real time with document verification, photo matching. #360 Consumer Profiling with internal & external data: Using in-house algorithms developing consumer /product intelligence through past demographics, CRM, Interaction, decision data with mixing of social, public, tweets, images. #Risk & Fraud Detection: Based on historical fraud input, patterns are built for future digital data focused risk & fraud detection. Anonymous patterns are developed based on new data, profiling to enable intelligent risk & fraud analysis. #Underwriting: ML based predictive underwriting to enhance the rule engine to become smarter and learn on the go to provide automated underwriting process for financial institutions. #Automated Decision Making: Enables enterprises to have capability of automating the loan, insurance policy, credit card or claims amount approval, counter, rejection with little human intervention. #Claims Management: ML & Computer Vision based claims intelligence system for insurance businesses to have end to end claims management system for life, health, general with little human intervention #Digital Branch- End to end Insurance processing engine #Image Recognition #Video KYC #Transaction Fraud #Voice/Speech #Customer Renewals #SDK/APIs #B2C Insurance applications. #Others

REVENUE MODEL

Licensing & Subscription

TOP PROBLEM SOLVED

• 1. Customer Onboarding Intelligence 2. Document Extraction as Service 3. Customer 360 Profiling & Behaviour 4. Risk Profiling & Fraud Detection 5. Underwriting & Claims Management 6. Automated Decision Making 7. IoT based Health & Predictive Analysis 8. Process Intelligence using AI 9. Credit Scoring 10. Disease Prediction 11. Personalization & Recommendation 12. Environmental Analysis for Risk 13. OCR/ICR 14. Decision Intelligence and more

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

New products are being developed focusing on Insurance & health sectors. Auto Insurance, Health Insurance, SME Insurance, Corporate Insurance, Marine Insurance, Micro Insurance, Life Insurance and more.

KEY DIFFERENTIATORS

1. Patent Pending & Proprietary Algorithms &Technology/Products 2. Quick Integration & plug-in-play solutions without any development effort 3. Existing companies are more data analytics focused – are not capable of in-depth decision making 4. Focusing on cross sector intelligence to power the vertical sector intelligence which improves business experience 5. Enables the backend platform of enterprises to act like ‘Human Brain’ engine 6. Alternative data from multiple sources (internal, external, interaction, device, environmental etcl) to build risk & fraud analysis

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Online Retail

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Back Office

Customer facing

Traction

ANNUAL REVENUE:

$500k - $999k

ACTIVE USERS/ACCOUNTS:

7 Million

ACTIVE USERS COMMENT:

Artivatic has many marque Clients in India and expanding to out of India right now.

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

7

People

NUMBER OF EMPLOYEES

11-50

TEAM COMMENT:

Artivatic has strong product & business that has domain expertise in the sector to win.

Momentum

FUNDED

YES

TOTAL FUNDING:

$322.01 K

LISTED

NO

SEED & PRIOR FUNDING

$169 K

SEED CLOSED ON

Sep 2017

FUNDING SERIES