AI insurtech startup NeuralKart raises Rs 2.35 Cr Seed funding from Inflection Point Ventures
In a seed fundraising round headed by Inflection Point Ventures, Bengaluru-based AI insurtech firm NeuralKart has raised Rs 2.35 crore.
The money raised will go toward working capital, client acquisition, AI and machine learning engineering, product development, and go-to-market expansion.
NeuralKart, which was founded in 2024 by Manoj Raju, Shreyas R. Halageri, and Vidvath Kamireddy, creates AI platforms for industrial safety and insurance operations.
By examining policy documents from insurers, their insurance platform, InsureMind, automates underwriting, claims, renewals, and audits. The company’s FieldSense platform generates risk assessments and identifies safety issues at industrial locations using computer vision with drone, CCTV, IP camera, and sensor data.
Since its founding, NeuralKart has maintained a 100% client retention rate and claims to have onboarded paying enterprise customers. In addition to entering into a co-development agreement for its FieldSense platform, the business collaborates with general insurers and industrial risk services companies in the areas of health underwriting, claims automation, and field safety.
NeuralKart serves business clients in India and abroad by operating at the nexus of insurtech and industrial safety technology.
