Insurtech startup Vitraya attracts $4.1 M from Xceedance

Insurtech startup Vitraya has received USD 4.1 million equity investment in a Series A funding round from insurance solutions provider Xceedance. The Mohali, Punjab-based startup will use the proceeds to enhance its AI and blockchain technologies for healthcare insurance. Vitraya had raised USD 1.5 million from Season Two Ventures two years ago. Founded in 2019 by Ankur Shrivastava, Mrinal Sinha and Srinivas Kns, Vitraya enables real-time payouts and claim settlements between hospital providers and insurers. The startup uses AI and blockchain technologies to automate payment integrity, medical coding and administration for insurers.