Risa Labs’ innovative AI platform uses AI agents to automate administrative processes in cancer care, dramatically reducing prior authorization times from 30 minutes to under 5!
What is the news?
- Bengaluru-based Risa Labs has raised $3.5 million in seed funding led by Flipkart co-founder Binny Bansal, with participation from Oncology Ventures, General Catalyst, z21 Ventures, Odd Bird VC, and angel investor Ashish Gupta.
- Founded by IIT Kanpur alumni Kshitij Jaggi and Kumar Shivang, Risa’s BOSS platform (Business Operating System as a Service) uses AI agents to automate administrative processes in cancer care.
Why is it interesting?
- This is a perfect example of Indian technical talent solving high-impact global healthcare problems. Risa’s founders are tackling the critical issue of treatment delays, where 70% of cancer patients face delays and a third wait up to a month, directly impacting survival rates.
- Their early traction is remarkable, already deployed at a US cancer center, where they’ve processed over $1 million in medications and cut administrative costs by two-thirds. With plans to scale to 100 cancer centers across the US, they’re demonstrating how Indian founders can build for global markets from day one.
Read more: Healthcare startup Risa Labs raises $3.5 million from Binny Bansal, others