About Claim Genius
Claim Genius is a company based in Iselin (United States) founded in 2017 by Raj Pofale.. 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 as of April 07, 2024. Claim Genius offers products and services including GeniusINSPECT, GeniusAI Engine, Dashboard, and App. Claim Genius operates in a competitive market with competitors including Solera, Snapsheet, Boundless Rider, Tempcover and Surround Insurance, among others.
- Headquarter Iselin, United States
- Employees 100 as on 07 Apr, 2024
- Founders Raj Pofale
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Claim Genius India Private Limited
- Date of Incorporation 23 Aug, 2018
- Jurisdiction Nagpur,, Maharashtra, India
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Annual Revenue
$2.04 M (USD)15.62as on Mar 31, 2023
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Net Profit
$134.72 K (USD)22.16as on Mar 31, 2023
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EBITDA
$231.82 K (USD)12.22as on Mar 31, 2023
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Total Equity Funding
$10.55 M (USD)
in 3 rounds
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Latest Funding Round
$6.05 M (USD), Series A
Oct 15, 2021
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Investors
Financial Link
& 1 more
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Employee Count
100
as on Apr 07, 2024
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Products & Services of Claim Genius
Claim Genius offers a comprehensive portfolio of products and services, including GeniusINSPECT, GeniusAI Engine, Dashboard, and App. 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.
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.
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $6.1M
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First Round
First Round
(01 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series A - Claim Genius | Valuation |
investors |
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| Jul, 2020 | Amount | Series A - Claim Genius | Valuation | Financial Link , Siri Info Solutions |
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| Jun, 2018 | Amount | Seed - Claim Genius | Valuation |
investors |
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| 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 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. 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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Offers IT consulting, software development, cloud transformation, and industry partnerships.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Claim Genius
| 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 - Claim Genius
| 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 |
Claim Genius Comparisons
Competitors of Claim Genius
Claim Genius 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 Solera, Snapsheet, Boundless Rider, Tempcover and Surround Insurance, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated automotive software solutions are provided for enhanced efficiency.
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| domain | founded_year | HQ Location |
Cloud-based software is offered for auto insurance claim management.
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| domain | founded_year | HQ Location |
Two-wheeler insurance products are provided via an online platform.
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| domain | founded_year | HQ Location |
Short-term auto insurance is distributed via an online platform.
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| domain | founded_year | HQ Location |
Auto insurance solutions are delivered via a cloud-based platform.
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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 Claim Genius
Frequently Asked Questions about Claim Genius
When was Claim Genius founded?
Claim Genius was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Claim Genius located?
Claim Genius is headquartered in Iselin, United States. It is registered at Iselin, New Jersey, United States.
Who is the current CEO of Claim Genius?
Raj Pofale is the current CEO of Claim Genius. They have also founded this company.
Is Claim Genius a funded 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 01, 2018.
How many employees does Claim Genius have?
As of Apr 07, 2024, the latest employee count at Claim Genius is 100.
What is the annual revenue of Claim Genius?
Annual revenue of Claim Genius is $2.04M as on Mar 31, 2023.
What does Claim Genius do?
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.
Who are the top competitors of Claim Genius?
What products or services does Claim Genius offer?
Claim Genius offers GeniusINSPECT, GeniusAI Engine, Dashboard, and App.
Who are Claim Genius's investors?
Claim Genius has 2 investors. Key investors include Financial Link, and Siri Info Solutions.
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