Risa Labs Inc.
Category: AI in Healthcare
AI-powered platform automating and optimizing healthcare prior authorizations, initially focusing on oncology. Risa Labs Inc. was founded in 2021. The company is led by Kshitij Jaggi. Based in Palo Alto, CA, USA and India. Team size: 10-50. Total funding raised: $3.5 Million. Latest round: $3.5 Million Seed Round (Announced late 2023/early 2024). Key investors include Binny Bansal.
- Founded
- 2021
- Headquarters
- Palo Alto, CA, USA and India
- Team size
- 10-50
- Total funding
- $3.5 Million
Value proposition
Eliminates treatment delays and reduces administrative burden by streamlining the prior authorization process using AI.
Products and solutions
AI Platform for end-to-end Prior Authorization, BOSS (Business Operating System as a Service)
Unique value
Oncology-first approach with a potential swarm of AI agents automating the entire prior authorization process.
Target customer
Healthcare providers such as oncology practices, and tech vendors via subcontracting.
Industries served
Healthcare (Oncology focus)
Technology advantage
AI-driven automation that adapts to payer guidelines, coupled with a scalable hybrid US-India team structure.
How they differentiate
Distinct oncology focus, unique AI approach (e.g., potential use of AI agents), and a hybrid operational model.
Main competitors
Cohere Health, Waystar, Other prior authorization automation providers
Key partnerships
Direct contracts and subcontracting arrangements with product & tech vendors, Investment partnership with Binny Bansal
Major milestones
Raised $3.5M Seed Funding Launched AI platform for prior authorization
Growth metrics
Claims capacity for over 1,000,000 prior authorizations annually.
Market positioning
Early-stage AI startup targeting the prior authorization bottleneck in US healthcare, with an initial focus on oncology.
Geographic focus
United States
Patents and IP
None
About Kshitij Jaggi
Kshitij Jaggi is the Co-founder and CEO of Risa Labs Inc. He has a background in building and scaling technology startups, with a focus on healthcare. Prior to Risa Labs, he co-founded Urban Health, a platform for care coordination and behavioral health. His experience also includes roles at Nomura and Deutsche Bank. He is a graduate of the Indian Institute of Technology, Kanpur.
Official website: https://www.risalabs.ai/