Insurtech startup Fedo has raised $1 million in a pre-Series A funding round led by Unicorn India Ventures and a list of angel investors including former Max Bupa managing director & CEO Ashish Mehrotra. It would utilise the fresh capital to enhance its computer vision capabilities aimed at the non-invasive identification of health risks.
Started in 2017 by Prasanth Madavana and Arun Mallavarapu, Fedo offers artificial intelligence and machine learning-backed platform and provides insurers with insights that help them enhance sales, reduce costs, and enrich the quality of their portfolio. (Source: PR)
