News on Medial

Risa Labs raises $3.5 Mn in seed round led by Binny Bansal

Entrackr · 4d

Risa Labs has raised $3.5 million in a seed funding round led by Flipkart co-founder Binny Bansal, with participation from Oncology Ventures, General Catalyst, and others. The proceeds will be used to deploy its AI-based automation platform across 100 cancer centers in the US over the next two years. Co-founded in 2024 by Kshitij Jaggi and Kumar Shivang, Risa Labs offers a workflow orchestration platform called BOSS (Business Operating System as a Service). BOSS uses a network of AI agents, including large language models and digital twins, to automate administrative processes by breaking down complex workflows into micro tasks, addressing the problem of delays in life-saving treatments due to manual and error-prone workflows. Risa Labs claims that BOSS has already been deployed at a cancer center in the US, where it reduced prior authorisation times from 30 minutes to under five, processed over $1 million in medications, and cut administrative costs by two-thirds.