NovaData Solutions

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NovaData Solutions Inc.

7 Investors
Insurance Technology
HAVERFORD, PA

NovaData Solutions Inc. offers a sophisticated, AI-powered platform that revolutionizes the processing and auditing of complex restoration and remediation invoices in the insurance industry. By automating the identification of discrepancies and inefficiencies, they enhance claims processing accuracy and efficiency, benefiting large organizations such as insurance companies and healthcare networks.

Products & Team

AI-Powered Invoice Analysis Platform

Insurance Claims ProcessingSeed

An advanced platform using machine learning to process restoration invoices for insurance claims quickly and accurately. It identifies discrepancies and provides comprehensive, data-backed reports in less than 24 hours.

Value Proposition

Solves the problem of identifying discrepancies and inefficiencies in complex insurance claims processing, thereby reducing errors and accelerating payouts.

Pain Points

Complexity and inefficiency in processing restoration and remediation invoices leading to inaccurate claims settlement.

24-hour invoice processingMachine learning-driven discrepancy identificationDetailed data-backed reportingIntegration with existing workflow systemsAudit review services
Industry
Other Technology
Primary business sector
Founded
2025
Year established
Location
HAVERFORD, PA
Primary headquarters

Funding History

Total Raised:
$415.0K
E

Debt Financing, Security Offering

February 2025
$600.0K
Target
Progress
69%
Raised
$415.0K
Target
$600.0K
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