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HomeBusinessFraudScope: Raises $7M in Series A Funding

FraudScope: Raises $7M in Series A Funding

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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

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