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§ Private Profile · Riyadh, Ar Riyad, Saudi Arabia
B2B InsurTech company providing AI-powered SaaS solutions for health insurance companies and TPAs, focused on fraud detection and underwriting.
DESAISIV is a Riyadh, Saudi Arabia-based B2B InsurTech company that provides artificial intelligence-powered SaaS solutions for health insurance providers and third-party administrators. The software platform utilizes hundreds of millions of patient records to optimize underwriting procedures, detect policy fraud, and predict emerging diseases with an average prediction accuracy exceeding 95 percent. Originally launched in the United Kingdom, the firm has since expanded its operational footprint into Saudi Arabia and the United Arab Emirates. The enterprise currently serves major regional insurers and captures approximately 70 percent of the commercial health insurance market in Jordan. Supported by a workforce of 21 to 50 employees, the company secured $2 million in a July 2023 pre-seed funding round backed by institutional investors including 500 Global, Terra VC, and Oqal. DESAISIV was founded in 2022 by Saed Khawaldeh and Mohamad Nabhan.
DESAISIV has raised $2.0M across 1 funding round.
DESAISIV has raised $2.0M in total across 1 funding round.
DESAISIV has raised $2.0M in total across 1 funding round.
DESAISIV's investors include 500 Startups, Oqal angel investors, family offices and a group of influential investors, Terra VC, CrossBoundary, IPSD, Sanabil 500, TAQADAM KAUST, TASMU, The CORE HTU, USAID.
DESAISIV has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Pre-Seed in July 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 26, 2023 | $2M Pre Seed | 500 Startups, Oqal Angel Investors, Family Offices And A Group OF Influential Investors, Terra VC | CrossBoundary, IPSD, Sanabil 500, TAQADAM KAUST, Tasmu, The CORE HTU, USAID | Announced |