AI-powered insurtech startup NeuralKart has raised ₹2.35 crore in a seed funding round led by Inflection Point Ventures (IPV). The fresh capital will be deployed to strengthen product development, enhance AI and machine learning capabilities, accelerate customer acquisition, expand go-to-market initiatives, and support working capital requirements.
Founded in 2024 by Manoj Raju, Shreyas R. Halageri, and Vidvath Kamireddy, NeuralKart is building artificial intelligence solutions that streamline insurance operations while improving industrial safety through advanced computer vision technologies.
The company’s flagship insurance platform, InsureMind, leverages AI to automate critical insurance processes, including underwriting, claims processing, policy renewals, and audits. By analyzing insurers’ policy documents, the platform helps insurance providers improve operational efficiency, reduce manual intervention, and accelerate decision-making.
Alongside its insurtech offering, NeuralKart has developed FieldSense, an AI-powered industrial safety platform that combines computer vision with drone imagery, CCTV feeds, IP cameras, and sensor data to detect workplace hazards, identify safety risks, and generate comprehensive risk assessments for industrial facilities.
According to the company, NeuralKart has already onboarded paying enterprise customers and has maintained a 100% customer retention rate since its inception. The startup currently serves general insurance companies and industrial risk services firms across use cases such as health underwriting, claims automation, and field safety management.
The Bengaluru-based startup has also entered into a co-development partnership to further strengthen its FieldSense platform, reinforcing its focus on AI-driven industrial risk management.
Operating at the convergence of insurtech and industrial safety technology, NeuralKart is targeting enterprise customers across India and international markets. The latest funding is expected to support the company’s expansion as demand for AI-powered automation continues to grow across the insurance and industrial sectors.
With enterprises increasingly adopting AI to enhance operational efficiency, improve risk assessment, and automate complex workflows, NeuralKart aims to position itself as a technology partner for organizations seeking intelligent insurance and industrial safety solutions.
By: Arushi Agarwal
