The AI platform aims to deploy the funds into tripling its engineering and AI research team in Bengaluru, expanding into automated report generation and voice-based research, and integrating with research tools such as Decipher, SPSS and Confirmit.
Existing backers Elevation Capital and Together Fund also participated in the round, along with several notable angel investors. These include Gokul Rajaram, Rubrik cofounder Soham Mazumdar, Dharmesh Shah of HubSpot, and Guillermo Rauch of Vercel.
The Bengaluru-based startup aims to develop foundational AI models that function effectively even with limited data, starting with applications in drug discovery.
The fresh capital will accelerate RapidClaims' go-to-market initiatives and enhance its AI-powered claim denial prevention technology, helping healthcare providers reduce costs by up to 70% and streamline reimbursements.
With the raised funds, the startup aims to bridge the gap between AI agents and user experience, offering a visual collaboration tool designed to help businesses ideate, visualise, and scale intelligent experiences.
The VC firm on Thursday announced the first close of Together Fund II β its second early stage fund of USD 150 million focused on SaaS and AI startups.