FraudScope: Raises $7M in Series A Funding
- FraudScope, an Atlanta, GA-based AI-based platform for health plans to address the problem of fraud, waste, and abuse, completed a $7m round of Series A financing
- Backers included QED Investors, Brewer Lane Ventures, and the GRA Venture Fund as well as existing investors
- The additional capital which brings total funding to $10.5 million will also used to scale the team and expand product offerings
- Led by Musheer Ahmed, CEO, FraudScope provides AI driven health fraud detection solutions designed to proactively monitor and identify new schemes
- Then the system provides health plans with advanced identification and workflow tools to detect and investigate emerging fraud
- FraudScope recently announced that it achieved Certified status for information security by HITRUST
