NeuralKart: AI Insurtech Startup Revolutionising Insurance Operations

Bengaluru-based AI insurtech startup NeuralKart has secured Rs 2.35 crore in seed funding, with the round led by Inflection Point Ventures. The funding will support enhancements in product development, AI and machine learning engineering, customer acquisition, market expansion, and working capital.

About NeuralKart

Founded in 2024 by Manoj Raju, Shreyas R. Halageri, and Vidvath Kamireddy, NeuralKart is focused on creating AI platforms that optimise insurance processes and improve industrial safety.

Innovative Platforms for Insurance

The company’s flagship insurance platform, InsureMind, automates key functions such as underwriting, claims processing, renewals, and audits by analysing the policy documents of insurers. Additionally, NeuralKart’s FieldSense platform employs computer vision technologies, leveraging drone, CCTV, IP camera, and sensor data to pinpoint safety hazards at industrial locations, thereby facilitating comprehensive risk assessments.

Customer Success and Partnerships

NeuralKart asserts that it has successfully onboarded paying enterprise clients while maintaining a remarkable 100% customer retention rate since its establishment. The startup collaborates with general insurers and industrial risk service companies, focusing on health underwriting, claims automation, and field safety. Furthermore, NeuralKart has initiated a co-development partnership to enhance its FieldSense platform.

Market Outreach

Operating at the crossroads of insurtech and industrial safety technology, NeuralKart aims to cater to enterprise customers both in India and internationally.