Overview
NeuralKart is an AI-powered underwriting and claims automation platform serving insurers, TPAs, and brokers, with a focus on P&C commercial and industrial lines. The company offers two integrated products: InsureMind, which automates insurance workflows including underwriting, claims, renewals, audits, and fraud detection; and FieldSense, which performs real-time risk assessment at industrial sites using computer vision and sensor fusion.
Both products share a common data layer. FieldSense captures live risk data from construction, steel, power, oil and gas, and warehousing sites; InsureMind draws on that data for dynamic pricing and automated claims triage. InsureMind ingests an insurer's policy documents and prospectuses to generate an AI rulebook that applies consistent, auditable decisions across the underwriting and claims workflow. System outputs include confidence scores and reasoning traces, with continuous learning from human corrections.
Founded in 2024 and based in Bangalore, NeuralKart closed a seed round of INR 2.35 Cr (approximately USD 243K) led by Inflection Point Ventures in July 2026. The company reports paying enterprise customers and a 100% customer retention rate as of the funding announcement.
Products & Services
InsureMind
InsureMind automates insurance operations across underwriting, claims processing, renewals, audits, and fraud detection for health, motor, life, property, and commercial lines. The platform reads an insurer's policy documents and prospectuses to build an AI rulebook, which drives automated and auditable decisions across the insurance workflow. It draws on live risk data from FieldSense for dynamic pricing and claims triage.
Key Features
- AI rulebook derived from insurer's own policy documents and prospectuses
- Automated underwriting, claims triage, renewals, audits, and fraud detection
- Auditable outputs with confidence scores and reasoning traces
- Integration with FieldSense live risk data for dynamic pricing
- Multi-line support: health, motor, life, property, and commercial insurance
Target Users: Insurers, TPAs, brokers
FieldSense
FieldSense identifies and scores risk at industrial sites using computer vision, drone imagery, CCTV feeds, mobile capture, and sensor fusion. The platform targets construction, steel, power, oil and gas, and warehousing sectors, providing continuous site risk scoring to detect hazards before incidents occur.
Key Features
- Multi-source data ingestion: drone imagery, CCTV, mobile capture, sensors
- Computer vision-based hazard detection and risk scoring
- Continuous monitoring for industrial site risk prevention
- Proprietary labeled defect imagery datasets
- Live risk data feed into InsureMind for insurance pricing and claims
Target Users: Industrial enterprises (construction, steel, power, oil and gas, warehousing)
At a Glance
- Founded
- 2024
- Headquarters
- Bangalore, Karnataka, India
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- Claims Technology Data & Analytics
- Insurance Verticals
- P&C Commercial Specialty/E&S
- Target Customers
- Carriers, TPAs, Brokers
Customers
- Industrial enterprises (FieldSense)
- Insurers, TPAs, and brokers (InsureMind)
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Last updated: 2026-07-26