About Claim Genius
Claim Genius is a Financial Services company based in Iselin (United States) founded in 2017 by Raj Pofale. AI-based claims management is delivered for auto insurance. It operates in the Financial Services and Technology sectors. Claim Genius has raised $10.55 million across 3 funding rounds from investors including Financial Link and Siri Info Solutions. The company has 100 employees. Its chief executive, as recorded, is Raj Pofale. Its Indian entity Claim Genius India Private Limited reported revenue of ₹15.12 Cr. Claim Genius offers products and services including GeniusINSPECT, GeniusAI Engine, Dashboard, and App. Its focus areas include High Tech, Computer Vision, Industry Specific Applications and BFSI. Its competitors include Solera, Snapsheet and Boundless Rider; 2 of its 3 listed competitors have raised funding.
Company details
Claim Genius was founded in 2017 and is headquartered in Iselin, United States. The platform is focused on the auto insurance sector, where computer vision and deep machine learning are employed to handle first notice of loss, repair estimates, salvage bids, and parts analysis. A mobile app is offered for claims processing, alongside a customizable API for integration with client systems.
- Headquarters Iselin, United States
- Employees 100
- Founders Raj Pofale
- SectorsFinancial ServicesTechnology
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website claimgenius.com
- Social LinkedIn X Facebook
- Legal Name Claim Genius India Private Limited
- Date of Incorporation 23 Aug, 2018
- Jurisdiction Nagpur, Maharashtra, India
- Indian entity revenue₹15.12 Cr
FY 2024 · -11% YoY
- Indian entity net profit₹98.2 Lakh
FY 2024 · 6% margin
- Indian entity EBITDA₹1.72 Cr
FY 2024 · 11% margin
- Total Equity Funding$10.55M (USD)
in 3 rounds
- Latest Funding Round$6.05M (USD), Series A
Oct 2021
- InvestorsFinancial Link
& 1 more
- Employee Count100
Associated legal entities of Claim Genius
Claim Genius operates through Claim Genius India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Claim Genius India Private Limited CIN U93090PN2018FTC178273 | Active | 23 Aug 2018 | Nagpur, Maharashtra | ₹15.1 Cr | 100 | 3 | View details |
Products & Services of Claim Genius
Claim Genius offers a comprehensive portfolio of products and services, including GeniusINSPECT, GeniusAI Engine, Dashboard, and App.
AI platform for vehicle damage assessment and claims processing.
Engine for accurate AI-based damage estimation in insurance.
Platform to review and approve inspection estimates quickly.
App for capturing images and videos of damaged vehicles.
Funding Insights of Claim Genius
Claim Genius has successfully raised a total of $10.55M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.05 million completed in October 2021. 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 $10.55M
- Total Rounds 3
- Last Round Series A — $6.05M
- First Round $2.3M
(Jun 2018)
- Investors Count 2
All 3 funding rounds of Claim Genius with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $6.05M | Series A | – | – | – |
| Jul 2020 | $2.2M | Series A | – | Financial Link, Siri Info Solutions | – |
| Jun 2018 | $2.3M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Claim Genius
Claim Genius has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Financial Link and Siri Info Solutions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| financial-link.com | ||||
Offers IT consulting, software development, cloud transformation, and industry partnerships. | 2005 | siriinfo.com | Edison, United States |
Investor details for Claim Genius
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Claim Genius India Private Limited (Claim Genius)
Claim Genius India Private Limited is the primary company behind Claim Genius. The board of Claim Genius India Private Limited currently have 3 directors; the longest-serving is Rajesh Madhuker Pofale, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Madhuker Pofale DIN 08205950 | Director | 23 Aug 2018 | 8 yrs 2 mo | Claim Genius India Private Limited |
| Niketa Nishant Pofale DIN 08307893 | Director | 19 Dec 2018 | 7 yrs 10 mo | Claim Genius India Private Limited |
| Preeti Rajesh Pofale DIN 10341881 | Director | 05 Oct 2023 | 3 yrs 1 mo | Claim Genius India Private Limited |
People of Claim Genius
18 people are tracked at Claim Genius (8 in leadership, 2 in board & advisors, 8 in team); the tracked headcount is 100.
| Name | Role | Group |
|---|---|---|
Raj Pofale | Founder & CEO | Leadership |
Sanjiv Sahni | Director, CFO | Leadership |
Hemant Joshi | Director, CTO | Leadership |
Michael MacDonald | Director, COO | Leadership |
Rushabh Jain | Head Of Business Development APAC | Leadership |
Amit Prayagi | Head Of Recruitment & HR Operation | Leadership |
Nilesh Bari | Product Delivery Head | Leadership |
| Executive Director | Leadership | |
Subba Arumilli | Director | Board & advisors |
Cheam Wooi Seong | Director | Board & advisors |
Omprakash Rahangdale | UI Developer, HMTL Developer | Team |
Ajinkya Kadhe | Sr. Full Stack Developer | Team |
Amol Mhase | Lead Engineering | Team |
Mohammad Irfan Sheikh Sultan | Technology Lead | Team |
Pranav Dhande | Team Manager | Team |
Toshit Gijare | Software Engineer | Team |
Pallav Ladekar | Sr. Devops Engineer | Team |
Sankalp Gajbhiye | Full Stack Developer | Team |
Complete people profiles for Claim Genius
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Claim Genius
Figures of Claim Genius India Private Limited, the primary company behind Claim Genius, for FY 2024. Revenue was ₹15.12 Cr (-11% year on year). Net profit was ₹98.2 Lakh (6% margin). EBITDA was ₹1.72 Cr (11% margin). Revenue has grown at a compounded annual rate of +13% over three years and +45% over five years.
- ₹15.12 CrRevenue · FY 2024 · -11% YoY
- ₹98.2 LakhNet profit · 6% margin
- ₹1.72 CrEBITDA · 11% margin
- ₹1 LakhPaid-up capital
- 100Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Claim Genius India Private Limited are on its company page.
Detailed financial statements for Claim Genius
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Claim Genius
3 dated milestones of Claim Genius across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Claim Genius is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Series A, of $6.1M.
Competitors of Claim Genius
Claim Genius has 3 listed competitors in our database, 2 of them funded. They include Solera, Snapsheet and Boundless Rider.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solera.com | 2006 | Dallas, United States | 2,477 | Integrated automotive software solutions are provided for enhanced efficiency. | ||
| snapsheetclaims.com | 2011 | Chicago, United States | $103.27M | 106 | Cloud-based software is offered for auto insurance claim management. | |
| boundlessrider.com | 2021 | Medford, United States | $11M | Two-wheeler insurance products are provided via an online platform. |
Detailed competitors of Claim Genius
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Claim Genius
The website of Claim Genius (claimgenius.com) receives about 5.1K visits a month and ranks #2,428,707 among all websites worldwide, #7,001 in Insurance.
- Monthly visits5.1K
▲ 17.8% vs previous month
- Unique visitors1.1K
per month
- Global rank#2,428,707
among all websites
- Category rank#7,001
Finance · Insurance
- Bounce rate24%
- Pages per visit9.4
- Average visit13 min 30 sec
- DevicesDesktop 69% · Mobile 31%
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Claim Genius (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Frequently Asked Questions about Claim Genius
Claim Genius was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Claim Genius is headquartered in Iselin, United States. It is registered at Iselin, New Jersey, United States.
Raj Pofale is the CEO of Claim Genius, as recorded in our data. They have also founded this company.
Claim Genius is a funded company, having raised a total of $10.55M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Jun 2018.
Claim Genius has 100 employees.
The primary company behind Claim Genius, Claim Genius India Private Limited, reported revenue of ₹15.12 Cr for FY 2024, down 11% year on year.
Claim Genius was founded in 2017 and is headquartered in Iselin, United States. The platform is focused on the auto insurance sector, where computer vision and deep machine learning are employed to handle first notice of loss, repair estimates, salvage bids, and parts analysis. A mobile app is offered for claims processing, alongside a customizable API for integration with client systems.
Claim Genius's top competitors include Snapsheet, Solera and Boundless Rider.
Claim Genius offers GeniusINSPECT, GeniusAI Engine, Dashboard, and App.
Claim Genius has 2 investors. Key investors include Financial Link, and Siri Info Solutions.
Claim Genius operates through Claim Genius India Private Limited.
The legal entities of Claim Genius currently have 3 directors, including Preeti Rajesh Pofale, Niketa Nishant Pofale, Rajesh Madhuker Pofale.