Qantev provides an AI-powered platform that helps health and life insurers manage claims, reduce costs and improve services. The platform automates claims processing by using historical claims data to model patient journeys and behaviours in individual markets, embedding AI-driven software into insurers' business-critical operations to reproduce medical expertise for assessing health claims. Customers include AXA, Generali and FWD, and Qantev currently powers claims processes across 12 countries from the US to Mexico, Asia and beyond. The company has teams in Paris, Hong Kong and the UK and has more than doubled its headcount over the past 12 months. Qantev plans to use the new funds to enhance the platform with advanced AI modules, accelerate R&D, recruit AI and engineering talent, and pursue global expansion, particularly into North America and Asia. This latest funding round takes the total raised to over €40m. Qantev offers an AI-based data analytics platform for health insurers that leverages machine learning and optimization to predict patient journeys and automate tasks such as pre-authorization, triage and resolution of simple claims. The platform also supports health data management, identifies claims leakage patterns, optimizes healthcare networks, and tracks members’ wellness to enable better decision making. Its solution is used by health insurers, reinsurers and third-party administrators worldwide. In the past 12 months the company has deployed its platform across markets in Europe, Asia and North America. Co-founded in 2019 by Tarik Dadi (CEO) and Hadrien De March (CTO) and based in Paris, Qantev raised €10m in a Series A. The company plans to use the funds to continue global market expansion and to grow its AI & Engineering team to enhance its health claims platform. Qantev develops an AI-driven enterprise platform for health insurers that trains predictive models on millions of insurance claims to build a holistic view of patient and provider behavior. The platform helps insurers select network providers, reduce costs, and improve quality of care, though the article notes it cannot ensure those cost savings reach the insured. Qantev was founded in Paris in 2019. The company will use the new funding to continue developing its AI platform and to expand into new markets. Gwénaël Moy, former CEO of AX, will join Qantev's board as part of the raise.

Total raised

$44M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2024