About Basys.ai
Basys.ai is a company based in Cambridge (United States) founded in 2022 by Amber Nigam and Jie Sun.. Basys.ai has raised $2.4 million across 1 funding round from investors including Lilly, Mayo Clinic and Two Lanterns Venture Partners. Basys.ai offers products and services including Prior Authorization Engine and Basys.ai Co-Pilot. Basys.ai operates in a competitive market with competitors including Infervision, HEALWELL AI, Infermedica, AItrics and Airdoc, among others.
- Headquarter Cambridge, United States
- Founders Amber Nigam, Jie Sun
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Sectors
HealthcareTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Basys.Ai Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.4 M (USD)
in 1 rounds
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Latest Funding Round
$2.4 M (USD), Seed
Jul 24, 2023
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Investors
Lilly
& 5 more
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Employee Count
Employee Count
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Products & Services of Basys.ai
Basys.ai offers a comprehensive portfolio of products and services, including Prior Authorization Engine and Basys.ai Co-Pilot. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates prior auth decisions with high accuracy using AI algorithms.
Assists in reducing admin costs and streamlining healthcare workflows.
Funding Insights of Basys.ai
Basys.ai has successfully raised a total of $2.4M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.4 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.4M
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First Round
First Round
(24 Jul 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Basys.ai | Valuation | Nina Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Basys.ai
Basys.ai has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Lilly, Mayo Clinic and Two Lanterns Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage US companies are invested in by Asset Management Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Basys.ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Basys.ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Basys.Ai Comparisons
Competitors of Basys.ai
Basys.ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Infervision, HEALWELL AI, Infermedica, AItrics and Airdoc, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based medical imaging solutions for clinical diagnosis are offered.
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| domain | founded_year | HQ Location |
AI-enabled decision support tool for healthcare providers
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| domain | founded_year | HQ Location |
AI-powered medical diagnostic engine is developed for healthcare applications.
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| domain | founded_year | HQ Location |
AI-powered clinical decision support systems are developed for healthcare.
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| domain | founded_year | HQ Location |
Offers decision support solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Basys.Ai
Frequently Asked Questions about Basys.ai
When was Basys.ai founded?
Basys.ai was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Basys.ai located?
Basys.ai is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Basys.ai?
Amber Nigam is the current CEO of Basys.ai. They have also founded this company.
Is Basys.ai a funded company?
Basys.ai is a funded company, having raised a total of $2.4M across 1 funding round to date. The company's 1st funding round was a Seed of $2.4M, raised on Jul 24, 2023.
What does Basys.ai do?
Basys.ai was founded in 2022 in Cambridge, United States, as a health technology company. A SaaS-based platform is provided to support clinical decision-making for doctors in hospital settings. AI tools are utilized to track patient data, predict outcomes, and recommend treatments aimed at metabolic health improvements. Operations focus on integrating these capabilities into hospital workflows for enhanced care delivery.
Who are the top competitors of Basys.ai?
Basys.ai's top competitors include Arine, Infermedica and AItrics.
What products or services does Basys.ai offer?
Basys.ai offers Prior Authorization Engine and Basys.ai Co-Pilot.
Who are Basys.ai's investors?
Basys.ai has 6 investors. Key investors include Lilly, Mayo Clinic, Two Lanterns Venture Partners, Asset Management Ventures, and Chaac Ventures.
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