Qantev Raises €30M to Expand AI Claims Platform, Challenging LLMs in Health Insurance

Oct 10, 2024, 07:13 AM

Paris-based health insurtech startup Qantev has raised €30 million in a Series B funding round led by Blossom Capital, with participation from Elaia Partners, to expand its AI-driven claims management platform for health and life insurance providers. The company aims to address the increasing volume of claims due to chronic diseases and aging populations by deploying tailored small AI models that enhance efficiency and reduce costs. By challenging the large language model (LLM) craze with its specialized AI solutions, Qantev positions itself as a potential 'operating system' for health insurance. The new funding will support research and development, international expansion, and the hiring of key AI and engineering talent.