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Delhi-based Phot.AI has raised $2.7 million in seed funding, led by Info Edge Ventures, to enhance its AI-driven creative automation platform for e-commerce. The funds will support team expansion, R&D, and the launch of a new copilot feature, addressing the growing visual demands of online brands.The platform automates design and marketplace listings, significantly reducing manual effort and costs while improving conversion rates through A/B testing. Co-founded by industry veterans in 2023, Phot.AI aims to transform the e-commerce creative landscape with its innovative AI solutions.
The healthcare claims management market is experiencing significant growth, driven by rising claims denials and the need for automation. North America leads with a 40% market share, while the Asia Pacific region is the fastest-growing at a CAGR of 7.51%. Advanced technologies and cloud-based solutions are becoming essential for efficient claims processing and compliance.
The Healthcare BPO market is projected to grow from USD 380.8 billion in 2023 to USD 873.8 billion by 2032, with a CAGR of 9.71%. This growth is driven by the demand for cost-effective, patient-centric solutions and advancements in AI and data analytics, particularly in claims management and revenue cycle management. North America leads the market, while Asia-Pacific is the fastest-growing region, fueled by rising healthcare expenditure and outsourcing trends.
Akash Anand
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phot ai secures 2.7 million seed funding to enhance e commerce creative automation
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growing demand for automation in healthcare claims management solutions
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