arya.ai

artificial intelligence/machine learninginsurtech

FOUNDING YEAR: 2013
LOCATION: India
Last Update: 24/07/2020

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About

Autonomous Systems can deliver the absolute efficiency and speed required by financial institutions in automating the key functions. But productising Autonomous Systems in financial institutions is complex and time consuming. So the use of autonomous systems in FS is limited to very few use cases where data sets are public or largely driven through point focused approach. While most of the current Deep Learning platforms are catering to horizontal purposes, there is almost no specialised platform for Financial Services. Arya.ai aims to disrupt the adoption lifecycle of ‘Autonomous Systems’ in Financial Institutions by offering fully connected modularised product stack designed for FS. Arya.ai is the first to offer an end-to-end autonomous AI product stack for Financial Institutions to automate or augment the core process using Deep Learning. The product stack covers both the solution modules and the compute modules such that the business can plug and use these modules as required and scale the adoption across functions within the business. Arya.ai has been deployed in leading financial institutions in India covering the verticals like Insurance, Lending, Cash Management etc.

MEDICI Analysis

Autonomous Systems can deliver the absolute efficiency and speed required by financial institutions in automating the key functions. But productising Autonomous Systems in financial institutions is complex and time consuming. So the use of autonomous systems in FS is limited to very few use cases where data sets are public or largely driven through point focused approach. While most of the current Deep Learning platforms are catering to horizontal purposes, there is almost no specialised platform for Financial Services. Arya.ai aims to disrupt the adoption lifecycle of ‘Autonomous Systems’ in Financial Institutions by offering fully connected modularised product stack designed for FS. Arya.ai is the first to offer an end-to-end autonomous AI product stack for Financial Institutions to automate or augment the core process using Deep Learning. The product stack covers both the solution modules and the compute modules such that the business can plug and use these modules as required and scale the adoption across functions within the business. Arya.ai has been deployed in leading financial institutions in India covering the verticals like Insurance, Lending, Cash Management etc.

Focus

PRODUCTS & SERVICES

Arya.ai offers first of a kind ‘Autonomous AI’ platform for Financial Institutions to automate and augment key decision using deep learning and expedites the AI adoption by offering fully connected modularised product stack designed for FS. Unlike point focused approach to use Autonomous Systems, we are aiming to built an end to end AI stack for FS. Libra - is a fully connected Autonomous AI product stack for insurers with solution module that can automate key business functions like - Underwriting, Claims, Audit, Fraud and Nudge strategy for customer acquisition and retention. Banking AI Operating Platform has solution module like - Fraud Risk Monitoring, Automated Cheque Clearing & Assistive AI to automate nudge strategy for customer spend activity and stickiness.

REVENUE MODEL

SaaS Pricing - Platform Cost and Module usage cost

MAIN CLIENTS

arya.ai is being used in multiple Fortune 500 companies from financial services to space tech for vast use cases.

PRIMARY PROBLEM SOLVED

Adoption of automation and augmentation solutions has been the focus areas for the financial services industry. Most of the current adoption of AI is largely driven by hand crafted systems like ‘Rule Based’ engines or ‘Statistical modelling’ or ‘Classic Machine Learning’. Such hand crafted systems have limitations on scope of automation and tends to produce more decision errors over time. For example - claims Leakage from rule engine based automation is shown to be high compared to manually processed cases. These system have short validity and need continuous course correction from time to time to maintain the same performance. Decisions in financial institutions are complex and need both logical and intuitive thinking for decision making. Such knowledge can only be comprehended when the AI systems allow to optimize the learning in near to equal number parameters, which will be in millions and millions. Autonomous Systems using ‘Neural Networks’ are proven to reach such complex learning. Since 2013, Arya.ai has been one of the leading players in Autonomous AI systems globally and was first to use deep learning in automating core processes in Insurance & banking. Arya’s in-depth expertise on Deep Learning and hand on experience of deploying it in Insurance, positioned us uniquely to strategize, deploy and scale autonomous AI systems in Insurance effectively compared to our peers.

COMMENT

Arya is working for a common goal of enabling developers and enterprises to build advanced next generation products using AI. It plans to start working with developers in verticals such as an automobile, military, and defense.

Traction

TRACTION COMMENT:

Arya has now evolved its AI system prototype to create a diagnostic assistant to radiologists, which has learned over 650-million words. The company is also working on the defense domain, within which it has created a prototype that can be used by bank ATMS.

People

FOUNDERS

Vinay Kumar Sankarapu

Deekshith Marla

Deekshith Marla

Vinay Kumar Sankarapu

NUMBER OF EMPLOYEES

11-50

INVESTORS:

VentureNursery

YourNest Angel Fund

Momentum

FUNDED

YES

TOTAL FUNDING

$1.15 M

DATE OF LAST FUNDING

Dec 2015

SEED & PRIOR FUNDING

$1.15 M

SEED CLOSED ON

Apr 2020

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

India

Views:

107 VISITORS | 177 VIEWS
LATEST FUNDING ROUND

$1.15 M

TOTAL EMPLOYEES
11-50

About

Autonomous Systems can deliver the absolute efficiency and speed required by financial institutions in automating the key functions. But productising Autonomous Systems in financial institutions is complex and time consuming. So the use of autonomous systems in FS is limited to very few use cases where data sets are public or largely driven through point focused approach. While most of the current Deep Learning platforms are catering to horizontal purposes, there is almost no specialised platform for Financial Services. Arya.ai aims to disrupt the adoption lifecycle of ‘Autonomous Systems’ in Financial Institutions by offering fully connected modularised product stack designed for FS. Arya.ai is the first to offer an end-to-end autonomous AI product stack for Financial Institutions to automate or augment the core process using Deep Learning. The product stack covers both the solution modules and the compute modules such that the business can plug and use these modules as required and scale the adoption across functions within the business. Arya.ai has been deployed in leading financial institutions in India covering the verticals like Insurance, Lending, Cash Management etc.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Autonomous Systems can deliver the absolute efficiency and speed required by financial institutions in automating the key functions. But productising Autonomous Systems in financial institutions is complex and time consuming. So the use of autonomous systems in FS is limited to very few use cases where data sets are public or largely driven through point focused approach. While most of the current Deep Learning platforms are catering to horizontal purposes, there is almost no specialised platform for Financial Services. Arya.ai aims to disrupt the adoption lifecycle of ‘Autonomous Systems’ in Financial Institutions by offering fully connected modularised product stack designed for FS. Arya.ai is the first to offer an end-to-end autonomous AI product stack for Financial Institutions to automate or augment the core process using Deep Learning. The product stack covers both the solution modules and the compute modules such that the business can plug and use these modules as required and scale the adoption across functions within the business. Arya.ai has been deployed in leading financial institutions in India covering the verticals like Insurance, Lending, Cash Management etc.

Focus+
Momentum+
Traction+
People+
Other+

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arya.ai

About

Autonomous Systems can deliver the absolute efficiency and speed required by financial institutions in automating the key functions. But productising Autonomous Systems in financial institutions is complex and time consuming. So the use of autonomous systems in FS is limited to very few use cases where data sets are public or largely driven through point focused approach. While most of the current Deep Learning platforms are catering to horizontal purposes, there is almost no specialised platform for Financial Services. Arya.ai aims to disrupt the adoption lifecycle of ‘Autonomous Systems’ in Financial Institutions by offering fully connected modularised product stack designed for FS. Arya.ai is the first to offer an end-to-end autonomous AI product stack for Financial Institutions to automate or augment the core process using Deep Learning. The product stack covers both the solution modules and the compute modules such that the business can plug and use these modules as required and scale the adoption across functions within the business. Arya.ai has been deployed in leading financial institutions in India covering the verticals like Insurance, Lending, Cash Management etc.

Focus

PRODUCTS & SERVICES

Arya.ai offers first of a kind ‘Autonomous AI’ platform for Financial Institutions to automate and augment key decision using deep learning and expedites the AI adoption by offering fully connected modularised product stack designed for FS. Unlike point focused approach to use Autonomous Systems, we are aiming to built an end to end AI stack for FS. Libra - is a fully connected Autonomous AI product stack for insurers with solution module that can automate key business functions like - Underwriting, Claims, Audit, Fraud and Nudge strategy for customer acquisition and retention. Banking AI Operating Platform has solution module like - Fraud Risk Monitoring, Automated Cheque Clearing & Assistive AI to automate nudge strategy for customer spend activity and stickiness.

REVENUE MODEL

SaaS Pricing - Platform Cost and Module usage cost

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

STRATEGIC CLIENTS AND PARTNERSHIP

Large Investment in Europe : Client

Leading Banking in India : Client

Large Pvt Bank in India : Client

Leading reinsurance company globally : Client

Leading consulting company : Partner

Leading Manufacturing company : Product Partner

Leading Financial Software company : Product Partnership

People

FOUNDERS

Vinay Kumar Sankarapu

Deekshith Marla

Deekshith Marla

Vinay Kumar Sankarapu

KEY EMPLOYEES:

CEO, FOUNDER: Vinay Kumar Sankarapu

CTO, FOUNDER: Deekshith Marla

FOUNDER: Deekshith Marla

FOUNDER: Vinay Kumar Sankarapu

INVESTORS:

VentureNursery

YourNest Angel Fund

Momentum

FUNDED

NO

TOTAL FUNDING:

$1.5 M

LISTED

NO

FUNDING SERIES