Qantev (Future 40, 2019) raises €10M to scale its AI-driven decision support software for health insurers

Qantev, part of Future 40 2019 - our group of most promising companies - just announced a €10M raise in Series A led by Omnes and RAISE Ventures, with the reinvestment of Elaia PSL Innovation Fund. This Series A funding round will enable Qantev to scale its AI driven decision support software for health insurers.

Part of BNP Paribas program at STATION F, Qantev is an AI insurtech focused on healthcare. Co-founded by Tarik Dadi and Hadrien De March in 2019, the company enables insurers to tackle claims leakage while delivering the best quality of care and service to their members by improving the quality of their data, streamlining health claims management, optimizing healthcare networks, and helping address waste, abuse or fraud.

With this Series A investment round, Qantev plans to continue its global expansion, and hire AI & Engineering talent to continue the R&D of its platform. “This latest financing round is going to enable us to accelerate our deployment pace to satisfy our customers' data transformation needs. We’re also going to further strengthen our business in Asia and America with the hiring of dedicated regional managers ahead of opening our local offices. We want to continue innovating and building the most advanced software and AI algorithms to turbocharge health insurance by hiring the most talented engineers and researchers. Qantev aims to command the space that it occupies and continue helping our global partners to deliver results in a matter of weeks instead of years”, says Qantev Co-Founder and CEO, Tarik Dadi.

In the last 12 months, Qantev, which is now a 25-employee company, has deployed its solution with insurers across the world, enabling fast and impactful data transformation within insurers in Europe, Asia and North-America.

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Watch Qantev’s pitch for Future 40, 2019: