Data Science Wizards (DSW) has successfully raised $1.4 million in a seed funding round, achieving a valuation of $16.4 million. This funding was led by an angel investor and will be utilized to enhance their advanced AI platform, UnifyAI, as well as to expand their team, according to a recent announcement.
Founded in 2019 by Pritesh Surendra Tiwari, Ramesh Khare, Sandeep Khuperkar, and Shivam Thakkar, DSW is on a mission to revolutionize various industries with its tailored AI solutions. The company emphasizes delivering quick results and facilitating seamless implementation, enabling businesses to embrace AI technology and undergo digital transformation effectively.
In the pipeline is insurAInce, a solution tailored for the insurance sector that utilizes UnifyAI to facilitate AI-driven change. This innovative offering includes pre-trained models and specialized tools designed to address the unique challenges faced by the insurance industry, improving risk management, operational efficiency, and fostering innovation.
The Mumbai-based company also plans to roll out domain-specific solutions based on UnifyAI for sectors such as banking, telecommunications, retail, and manufacturing, with the goal of transforming how these industries leverage AI and shift from pilot projects to full-scale implementations.
According to DSW, the insurAInce solution allows for the rapid deployment of AI and GenAI use cases in just weeks, targeting critical areas like claims processing, risk evaluation, fraud detection, and customer engagement. The platform seamlessly integrates with existing legacy systems, enabling insurers to implement AI without interrupting their ongoing operations. It also comes equipped with compliance and regulatory features to adhere to the stringent standards of the industry.
DSW reports that UnifyAI has received robust backing from industry frontrunners such as Canara HSBC Life Insurance, Manipal Cigna, and Castler, all of which have achieved remarkable outcomes after incorporating UnifyAI’s solutions into their workflows.