Mumbai-based AI startup Data Science Wizards (DSW) has raised $1.4 million in a seed funding round from an angel investor, bringing the company’s valuation to $16.4 million.
The new funds will be used to further develop their AI platform, UnifyAI, and expand their team to meet the growing demand for their services.
About Data Science Wizards
Founded in 2019 by Pritesh Surendra Tiwari, Ramesh Khare, Sandeep Khuperkar, and Shivam Thakkar, Data Science Wizards focuses on providing AI solutions across various industries.
The company’s goal is to help businesses adopt AI in a smooth and efficient manner, offering tailored solutions that deliver quick, measurable results.
One of their upcoming projects is ‘insurAInce,’ a new AI-driven product specifically designed for the insurance sector. Built on the UnifyAI platform, insurAInce will offer pre-built models and tools to address common challenges in insurance, such as risk management, operational efficiency, and strategy development.
DSW states that insurAInce will enable insurance companies to integrate AI applications within weeks, improving key functions like claims processing, risk evaluation, fraud detection, and customer engagement.
UnifyAI is designed to work with existing legacy systems, making it easier for insurers to adopt AI without major disruptions. The platform also includes compliance features to meet industry regulations.
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Looking Ahead
DSW plans to expand its offerings by developing sector-specific AI solutions for industries like banking, telecommunications, retail, and manufacturing. These industries will be able to move from AI pilot projects to full-scale implementation with UnifyAI, helping them improve operations and stay competitive in the digital age.
Several insurance companies, including Canara HSBC Life Insurance, Manipal Cigna, and Castler, have already integrated UnifyAI into their operations, reporting improved workflow efficiency and innovation.
