# Artivatic Data Labs Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/artivatic-data-labs-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.artivatic.ai
- Total disclosed funding: $0M
- Latest round: Series A (Mar 1, 2019)
- Investors on record: 2

## About

Artivatic Data Labs Pvt. Ltd. specializes in AI-native SaaS solutions for the insurance and healthcare industries, enhancing operational efficiency and automating processes to improve client engagement.Founded in 2016 and headquartered in Bangalore, India, Artivatic Data Labs Pvt. Ltd. provides innovative tech solutions specifically for the insurance and healthcare sectors. The company has gained traction with significant funding since its inception, including a recent ADD-ON round in February 2022, where it raised USD 10.00 mn led by RenewBuy. The company has completed 10 deals to date, with a total amount raised of USD 4.00 mn. Layak Singh serves as both the founder and CEO of the company, emphasizing a strong leadership presence in the tech landscape.Artivatic offers a suite of AI-native Software as a Service (SaaS) solutions tailored for the insurance and healthcare sectors. Their core offerings include AUSIS, an advanced underwriting platform, and ALFRED, which specializes in intelligent document processing. These products are designed to enhance operational efficiency, automate underwriting, and streamline claims processing in real time. The company also provides risk assessment tools using historical data and proprietary algorithms to create customized insurance products for a diverse clientele, including small and medium enterprises, large corporations, and individual customers, primarily targeting markets in India and Southeast Asia.In the most recent fiscal year of 2023, Artivatic generated revenue amounting to USD 1,883,934.20, with an EBITDA of USD 712,705.30. The company’s revenue model is structured around subscription services and contractual partnerships with clients in the insurance and healthcare sectors, providing access to its flagship products such as AUSIS and MiO. Pricing models are typically based on transaction volume or tiered subscription plans, allowing clients to efficiently manage their insurance processes.Artivatic plans to expand its product offerings and market reach by launching new solutions aimed at enhancing digital transformation within the insurance and healthcare domains. The company aims to leverage its recent ADD-ON funding from February 2022 to further develop its technology stack and improve customer engagement capabilities. Furthermore, Artivatic intends to explore new geographic markets, particularly in Southeast Asia, by 2024, aligning with its strategic growth objectives post-acquisition by D2C Consulting Services Pvt Ltd.

## Funding rounds

- Series A, Mar 1, 2019, $0M — Indian Angel Network
- Angel, Aug 22, 2017, $0M — Spark10

## Investors

- Spark10 (https://capitalatlas.ai/funds/spark10) — Angel
- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A