Knowtions Research, a Toronto, Canada-based provider of solutions to enable health insurers to adopt artificial intelligence, raised $5m in Series A funding.
The round was led by Information Venture Partners with participation from Alibaba Entrepreneurs Fund.
The company intends to use the funds to scale the deployment of Lydia and grow the Knowtions team of machine learning scientists and platform engineers over the next 12 months.
Led by Anthony Lee, Co-Founder and Chief Executive Officer, Knowtions developed Lydia, an AI platform that allows health insurers to use predictive insights in messy (unusable) health data. Lydia learns how people seek medical care globally to make predictions on fraudulent behaviour and health risks.
Insurers use these predictions to create AI-assisted workflows that automate claims processing and personalize customer experience.
FinSMEs
13/11/2018