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Insurtech DESAISIV raises $2M Pre-Seed for further product and expansion

July 26, 2023

The company aims to reshape the entire insurance sector through visionary leadership and the unparalleled potential of the next-generation insurance customization platform, powered by state-of-the-art artificial intelligence (AI).

DESAISIV's vision goes beyond disruption; it strives to lead a paradigm shift in the insurance industry. By leveraging cutting-edge AI solutions developed in collaboration with top machine learning scientists from the University of Oxford, the company pioneers a future where AI becomes the driving force behind all insurance decisions.

This capital infusion will help DESAISIV to invest further in its product development to grow its clientele and expand geographically.

Funding 💰

Round $2M
Pre-Seed
Investors 500 Global, Terra VC, OQAL Angel Investors Network

Quotes 💬

“
Our mission is to revolutionize the insurance sector by leveraging the limitless potential of artificial intelligence. We envision a future where insurance becomes smarter, more efficient, and, most importantly, tailored to customer needs. Our sights are set on a global revolution. By harnessing the power of AI, we are reshaping the insurance industry worldwide, empowering insurers and clients with unprecedented capabilities and paving the way for a brighter future.
— Saed Khawaldeh, co-founder and CEO of DESAISIV
“
Our ambition knows no boundaries. By fusing AI-driven innovations with the insurance industry, we are on a mission to transform the entire global landscape, bringing forth a new era of unparalleled efficiency and customer-centricity. With this strategic funding, DESAISIV is poised to transform the insurance sector at its core. Our vision is to pioneer an AI-driven future, where insurance becomes a seamless and personalized experience for all.
— Mohamad Nabhan, co-Founder and COO of DESAISIV

About 🏢

DESAISIV is a B2B company offering a state-of-the-art AI SaaS product for medical insurance companies and third-party administrators (TPAs). DESAISIV started in the UK nearly three years ago and then expanded to Jordan, KSA, and UAE. The company's solution considers all data coming from clients' information systems to reduce the insurance loss ratio by predicting forthcoming developing diseases and associated costs, optimizing underwriting using a bespoke artificial intelligence engine, and detecting fraud and policy abuse. It also offers AI-powered population health and personalized treatment plans. DESAISIV currently works with a few major insurance players in the MENA and covers nearly 70% of Jordan's insurance market. more
source

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