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Health insurtech startup Qantev raises €30 million to outperform LLMs with small AI models
Health and life insurance providers face a rising volume of claims due to chronic disease and aging populations, but their processes lack scalability. AI
Led by Blossom Capital, the Series B round will also support Qantev’s international expansion; it plans to grow its Asia-focused Hong Kong office and make a strong push in North America. While it has competitors there, such as Alaffia Health and Anomaly, other Blossom portfolio companies have made strong headways in the U.S. in recent years, and Qantev has an advantage of its own: Its customers are large and global, generating organic expansion when a new subsidiary adopts its software. For now, Qantev prioritizes claims management, but it is easy to see how it could leverage the legitimacy and data access it is gaining from its early customers to help them streamline other operations, as it is already doing with fraud detection.
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