Claim Genius

Iselin, United States Founded: 2017 • Age: 9 yrs
AI-based claims management is delivered for auto insurance.
Annual revenue $2.0M Latest available
Total funding $10.6M 3 rounds
Employees 100 Tracked headcount
Investors 2 Known backers
Products 4 Services tracked
Competitors 8 Brand Intelligence

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
  • Sectors
    Financial Services
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Claim Genius India Private Limited
  • Date of Incorporation 23 Aug, 2018
  • Jurisdiction Nagpur,, Maharashtra, India
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $2.04 M (USD)
    15.62
    as on Mar 31, 2023
  • Net Profit
    $134.72 K (USD)
    22.16
    as on Mar 31, 2023
  • EBITDA
    $231.82 K (USD)
    12.22
    as on Mar 31, 2023
  • Total Equity Funding
    $10.55 M (USD)

    in 3 rounds

  • Latest Funding Round
    $6.05 M (USD), Series A

    Oct 15, 2021

  • Investors
  • 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.

Product name locked
Category locked
Primary

AI platform for vehicle damage assessment and claims processing.

Product name locked
Category locked
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Engine for accurate AI-based damage estimation in insurance.

Product name locked
Category locked
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Platform to review and approve inspection estimates quickly.

Product name locked
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App for capturing images and videos of damaged vehicles.

People of Claim Genius

Headcount 10-50
Employee Profiles 16
Board Members and Advisors 2
Employee Profiles
People
Raj Pofale
Director, Founder & CEO
People
Sanjiv Sahni
Director, CFO
People
Hemant Joshi
Director, CTO
People
Omprakash Rahangdale
UI Developer, HMTL Developer

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Board Members and Advisors
people
Subba Arumilli
Director
people
Cheam Wooi Seong
Director

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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.

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.

All
Institutional
Investor Description Founded Year Domain Location
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Offers IT consulting, software development, cloud transformation, and industry partnerships.
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Investor details for Claim Genius

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Investments & Acquisitions by Claim Genius

Investments
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Investment portfolio details for Claim Genius

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  • Transaction dates
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Financial Statements - Claim Genius

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Detailed financials for Claim Genius

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Claim Genius Comparisons

Claim Genius Primary company
Description
AI-based claims management is delivered for auto insurance.
Location
Iselin, United States
Founded Year
2017
Annual Revenue
$2.04 M (USD)
Net Profit
$134.72 K (USD)
EBITDA
$231.82 K (USD)
Employees
100
As of 2024
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Peer comparison for Claim Genius

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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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.

Company Name Domain Founded year HQ Location Description
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Integrated automotive software solutions are provided for enhanced efficiency.
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Cloud-based software is offered for auto insurance claim management.
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Two-wheeler insurance products are provided via an online platform.
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Short-term auto insurance is distributed via an online platform.
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Auto insurance solutions are delivered via a cloud-based platform.
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Detailed competitors of Claim Genius

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Latest news on Claim Genius

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Complete news archive for Claim Genius

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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 current CEO of Claim Genius. 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.

As of Apr 07, 2024, the latest employee count at Claim Genius is 100.

Annual revenue of Claim Genius is $2.04M as on Mar 31, 2023.

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 Tempcover.

Claim Genius offers GeniusINSPECT, GeniusAI Engine, Dashboard, and App.

Claim Genius has 2 investors. Key investors include Financial Link, and Siri Info Solutions.

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