Data Science Wizards raises $1.4 Mn in Seed funding

Data Science Wizards has raised $1.4 million at a valuation of $16.4 million in a seed round led by an angel investor.

The funds will be allocated to further develop and enhance their deep-tech AI platform, UnifyAI, and to strengthen their team, as stated in a recent press release.

Founded in 2019 by Pritesh Surendra Tiwari, Ramesh Khare, Sandeep Khuperkar, and Shivam Thakkar, Data Science Wizards (DSW) aims to transform industries through advanced, purpose-built AI solutions. The company focuses on delivering tangible results and rapid deployment, empowering businesses to accelerate AI adoption and drive digital transformation.

DSW is set to launch insurAInce, a solution specifically designed for the insurance sector that leverages UnifyAI to drive AI-driven transformation. This solution features pre-learned models and specialized tools to tackle the unique challenges of the insurance industry, enhancing risk management, operational efficiency, and innovation.

Additionally, the Mumbai-based company plans to introduce domain-specific solutions built on UnifyAI for banking, telecom, retail, and manufacturing, aiming to revolutionize how these industries harness AI and transition from experimentation to full-scale production.

According to DSW, the insurAInce solution enables rapid implementation of AI and GenAI use cases within weeks, focusing on areas such as claims processing, risk assessment, fraud detection, and customer engagement. The platform integrates with existing legacy systems, allowing insurers to adopt AI without disrupting ongoing operations. It also includes built-in compliance and regulatory features to meet the industry’s stringent standards.

DSW claims that UnifyAI has garnered strong support from industry leaders like Canara HSBC Life Insurance, Manipal Cigna, and Castler, all of which have achieved significant results after integrating UnifyAI’s solutions into their operations.