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NovaData Solutions
NovaData Solutions is a Philadelphia-based InsurTech company revolutionizing the auditing process of property restoration invoices with its proprietary AI/ML-powered platform called Rest-Assured®.…
NovaData Solutions
NovaData Solutions is a Philadelphia-based InsurTech company revolutionizing the auditing process of property restoration invoices with its proprietary AI/ML-powered platform called Rest-Assured®.…
TL;DR
Location: Haverford / Philadelphia, PA
Product: Rest-Assured — AI/ML-powered restoration invoice auditing platform
2023 activity: Performed 345 audits totaling >$137M in invoices; identified nearly $39M in anomalies
Business model: Primarily SaaS with turnkey service option
Team size (reported): 12 employees
Company Overview
Problem Domain
Restoration invoice auditing and claims financial leakage reduction in the insurance industry.
Industry
InsurTech
Funding Track Record
2080000.00 USD
Participation recorded from Ben Franklin Technology Partners
Investor Signal
“Activate Venture Partners led Series A; Ben Franklin Technology Partners participated”