Data Science Wizards (DSW) announced it has secured $1.4 million in seed funding, building on a previous pre-seed round of $450,000. This latest funding from an angel investor brings DSW’s valuation to $16.4 million. The company plans to use the investment to enhance its deep-tech AI platform, UnifyAI, and strengthen its team.
As part of this growth, DSW is launching “insurAInce,” a solution designed specifically for the insurance industry. Leveraging the capabilities of UnifyAI, insurAInce aims to transform insurance operations by improving risk management, operational efficiency, and innovation. According to CEO and Founder Sandeep Khuperkar, UnifyAI “takes AI/ML and GenAI use cases from concept to production with confidence, predictability, and scale,” resulting in faster production timelines and reduced development costs.
UnifyAI, which is ISO 27001 certified and SOC II Type 2 compliant, is also expected to achieve HIPAA certification by October 2024. DSW has already partnered with industry leaders like Canara HSBC Life Insurance, with Chief Strategy and Data Officer Ritesh Rathod acknowledging the platform’s ability to “transform GTM and quickly move use cases into production.”
With insurAInce, DSW seeks to streamline key insurance processes such as claims processing, risk assessment, fraud detection, and customer engagement, ensuring seamless AI integration while maintaining compliance with industry standards.
