Qantev, a Paris, France-based Artificial Intelligence (AI) insurtech for health insurers, raised €10m in Series A funding round.
The round was led by Omnes and RAISE Ventures, with participation from Elaia with the PSL (Paris Sciences & Lettres) Innovation Fund.
The company intends to use the funds for continued global market expansion and growth of its AI & Engineering team to enhance its health claims platform for insurers.
Co-founded by Tarik Dadi (CEO) and Hadrien De March (CTO) in 2019, Qantev has built a AI-based data analytics solution designed to improve health insurers’ operations, including health data management, automation triage and resolution of simple claims, as well as overall enablement of better and more informed decision making.
Powered by machine learning and optimisation to predict patient journeys, Qantev provides in-depth insight and automation by leveraging insurers’ historical claims data. Whether it be for automating health claims pre-authorisation, identification of claims leakage patterns, optimisation of healthcare networks or improved tracking of member’s wellness status, the solution allows for fast and impactful transformation for health insurers.
Today, the platform is used by worldwide health insurers, reinsurers and third party administrators to boost their claims operations.
In the last 12 months, the company has deployed its solution across a number of markets in Europe, Asia and North America, enabling fast and impactful data transformation within insurers.
FinSMEs
26/10/2022