Location
Bangalore, Karnataka
Year Founded
2018
Sector
Enterprise SaaS
Seafund Entry
October 2020
SUBSector
Insurance, Analytics
Coinvestors
Unicorn India, IIM Kozhikode
Company Overview
AI-based health risks prediction and body vitals monitoring platform. Through non-invasive methods, such as a simple selfie video, their technology can assess vital health parameters, predict future disease risks, and even estimate associated healthcare costs—all in a matter of seconds. They have built solutions across insurance providers, banks and corporate clients.
PROBLEM STATEMENT
Traditional health assessment is invasive, and inaccessible, leading to delayed diagnoses, healthcare cost over runs, and ineffective preventive care. Financial institutions and insurers struggle with manual, unreliable risk classification, increasing costs and mispricing coverage.
investment rationalE
Fedo.ai is disrupting health risk assessment with AI-driven, non-invasive predictive analytics, addressing a $10T+ healthcare, $6T+ insurance, and $5T+ fintech market. Rising healthcare costs has led to a demand for data-driven underwriting and automated process pipeline solutions. Its proprietary algorithms using computer vision technology creates a differentiated offering that enables instant health risk predictions, automating insurance underwriting and disease forecasting, reducing claims costs. The team is helmed by an experienced founder with over 10 years of experience across health-tech and fintech.
FOUNDER BACKGROUND
Prasanth Madavana
CEO
16+ years of experience across health tech and fintech with corporates like General Motors, Accenture, City of Toronto and JD Irving. Passionate about integrating business analysis and process improvement into health-focused financial models.