Data Science Wizards (DSW), a leading deep-tech AI startup, has secured $1.4 million in seed funding, valuing the company at $16.4 million. The investment round was led by an angel investor and will be used to advance DSW’s UnifyAI platform and strengthen its team, according to a recent company announcement.
Driving AI Adoption Through Purpose-Built Solutions
Founded in 2019 by Pritesh Surendra Tiwari, Ramesh Khare, Sandeep Khuperkar, and Shivam Thakkar, DSW is focused on transforming industries with purpose-built AI solutions that deliver tangible results quickly. The company aims to help businesses accelerate AI adoption and achieve digital transformation by offering advanced AI-driven platforms and industry-specific solutions.
UnifyAI: Revolutionizing the Insurance Sector
DSW is set to launch insurAInce, a specialized solution for the insurance industry, built on the UnifyAI platform. This AI-powered solution offers pre-learned models and advanced tools to address key challenges in insurance, including risk management, operational efficiency, and innovation. By enabling rapid deployment of AI use cases, insurAInce aims to revolutionize areas like claims processing, risk assessment, fraud detection, and customer engagement.
Expanding AI Solutions to Other Industries
The Mumbai-based startup has plans to extend its AI-driven offerings to other sectors, including banking, telecom, retail, and manufacturing. By building domain-specific solutions on UnifyAI, DSW seeks to help these industries transition from AI experimentation to full-scale implementation. The platform is designed to integrate with existing legacy systems without disrupting operations and includes compliance and regulatory features to meet stringent industry standards.
Gaining Traction with Industry Leaders
DSW’s AI solutions have already been embraced by prominent companies like Canara HSBC Life Insurance, Manipal Cigna, and Castler, with reported significant improvements in operations after integrating UnifyAI. These endorsements underscore the platform’s potential to transform traditional business models through rapid AI adoption.