Funding · Enterprise Software & IT
NeuralKart raises ₹2.35 crore seed funding
By Startup Enthusiast ·
- Date
- Company
- NeuralKart
- What it does
- AI insurtech and industrial safety startup
- Kind
- Funding
- Amount
- ₹2.35 crore
- Stage
- seed
- Founded
- 2024
- Sector
- Enterprise Software & IT
What they do
NeuralKart builds AI platforms for insurance operations and industrial safety
What happened
It raised ₹2.35 crore in seed funding led by Inflection Point Ventures
Why it matters
The startup claims 100% customer retention since its 2024 founding
The details
- NeuralKart has raised ₹2.35 crore in a seed funding round.
- The round was led by Inflection Point Ventures.
- The startup will use the funds for product development, AI and machine learning engineering, and customer acquisition.
- It will also spend on go-to-market expansion and working capital.
- NeuralKart was founded in 2024 by Manoj Raju, Shreyas R. Halageri, and Vidvath Kamireddy.
- The company operates at the intersection of insurtech and industrial safety technology.
- It has already onboarded paying enterprise customers and claims 100% customer retention since inception.
The bigger picture
- NeuralKart's dual-platform approach targets both underwriting automation and workplace risk detection.
About the business
- NeuralKart is an AI insurtech startup that develops AI platforms for insurance operations and industrial safety.
- Its insurance platform InsureMind automates underwriting, claims, renewals, and audits by analyzing insurer policy documents.
- Its industrial safety platform FieldSense uses computer vision with drone, CCTV, IP camera, and sensor data to identify safety risks and generate risk assessments.
- The company works with general insurers and industrial risk services firms across health underwriting, claims automation, and field safety.
- It targets enterprise customers in India and overseas.
- NeuralKart has entered a co-development partnership for the FieldSense platform.
What happens next
- NeuralKart plans to use the funds for product development, AI and machine learning engineering, customer acquisition, go-to-market expansion, and working capital.
The deal
- Type
- seed
Investors
- Inflection Point Ventures (lead) — An early-stage venture capital firm that invests in Indian startups.
Founders
- Manoj Raju, Co-founder
- Shreyas R. Halageri, Co-founder
- Vidvath Kamireddy, Co-founder
About NeuralKart
- Product
- Two AI platforms: InsureMind for insurance automation (underwriting, claims, renewals) and FieldSense for industrial safety risk detection
- Customers
- General insurers, industrial risk services firms and safety teams managing industrial sites
- How it makes money
- B2B SaaS platform automating insurance decisions and field risk assessment
- What sets it apart
- Closes loop between field-level risk detection and insurance underwriting with computer vision and AI analysis
- Operations
- 100% customer retention rate since inception with paying enterprise customers
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