I3 Systems
Offers enterprise AI platform that can work on variety of documents and unstructured data-sets to empower predictive modeling, process automation and decision making.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$1.5m | Seed | ||
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 52 % | 68 % | 29 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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i3systems is an AI-based enterprise solution that automates business processes for the insurance industry. The company has developed a platform that uses a combination of technologies, including computer vision, natural language processing, and machine learning, to extract and analyze data from a variety of documents, such as invoices, receipts, and medical records.
The company's products are designed to help insurers automate their claims processing, underwriting, and policy administration processes. This can help to reduce costs, improve efficiency, and enhance the customer experience. i3systems' products are used by a number of leading insurance companies in India, including HDFC ERGO, ICICI Lombard, and Bajaj Allianz.
The company was founded in 2016 and is headquartered in Mumbai, India. i3systems has raised over $1 million in funding from investors, including Unitus Ventures and Ankur Capital.
Keywords: Insurtech, AI, Automation, Claims Processing, Underwriting, Policy Administration, Computer Vision, Natural Language Processing, Machine Learning, Enterprise Solution