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Artivatic - About the company

Artivatic is an acquired company based in Bengaluru (India), founded in 2017 by Puneet Tandon. It operates as an AI-based software suite for financial institutions. Artivatic has raised $1.43M in funding from investors like DIFC, Spark10 and KFin Technologies, with last known valuation of ₹*****. The company has 107 active competitors, including 25 funded and 19 that have exited. Its top competitors include companies like Guidewire, Bravura Solutions and Linedata.

Company Details

AI-based software suite for financial institutions. Its features include data management, customer onboarding, sales and marketing, and more. It offers solutions for insurance underwriting, risk management, distribution, monitoring, claims processing, agency management, and more. It offers data to provide dynamic pricing, fraud detection & alternative risk scoring.
Social
XFacebook
Email ID
*****@artivatic.ai
Phone Number
+91 **********
Registered Address
2nd Floor, Plot 94, Sector 32, Gurgaon, Gurgaon, Sadar Bazar, Haryana, India, 122001
Key Metrics
Founded Year
2017
Location
Bengaluru, India
Stage
Acquired
Total Funding
$1.43M in 7 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Dec 22, 2021
Investors
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
134 as on Jan 31, 2025
Similar Companies
Exit Details
Acquired by RenewBuy (Feb 21, 2022)

Artivatic's acquisition details

Artivatic got acquired by RenewBuy on Feb 21, 2022 at an acquisition amount of $*****.
Click here to take a look at Artivatic's acquisition in detail
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Artivatic's funding and investors

Artivatic has raised a total funding of $1.43M over 7 rounds. Its first funding round was on Apr 04, 2017. Its latest funding round was a Seed round on Sep 27, 2022 for $*****. 1 investor participated in its latest round. Artivatic has 22 institutional investors and 53 angel investors.

Here is the list of recent funding rounds of Artivatic:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 27, 2022
7166517
Seed
6111146
6006179
7397703
8131049
Apr 08, 2021
7921340
Seed
4112239
9896603
9601542
3812169
Nov 06, 2020
2941486
Seed
2540551
4061596
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Artivatic's founders and board of directors

Founder? Claim Profile
The founders of Artivatic is Puneet Tandon.
Here are the details of Artivatic's key team members:

Artivatic's Board of Directors

Artivatic's board has 6 active members. Puneet Tandon, Rajesh Relan and Layak Singh are part of team and Sulbha Kaushal Rai, Indraneel Chatterjee and Venkata Satya Naga Sreekanth Nadella are independent board members.
Here is the list of Artivatic's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
10y 0m
Team
-
Current
10y 0m
Investor
-
Current
7y 6m
Independent board member
-
Current
4y 7m
lkkaaxh
Independent board member
-
Current
7y 4m
jsxmsha
Independent board member
-
Current
8y 3m
sjyjvrv
Independent board member
-
Past
5y 2m

Artivatic's employee count trend

Artivatic has 134 employees as of Jan 25. The total employee count is 2.0% lower than what it was in Jan 24. Here is Artivatic's employee count trend over the years:
Employee count trend for Artivatic
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Artivatic's Competitors and alternates

Top competitors of Artivatic include Guidewire, Bravura Solutions and Linedata. Here is the list of Top 10 competitors of Artivatic, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Guidewire
Guidewire
2001, San Mateo (United States), Public
Developer of software platforms for property and casualty insurance operations
-
77/100
2nd
Logo for Bravura Solutions
Bravura Solutions
2004, Edinburgh (United Kingdom), Acquired
Software solutions for life insurance and wealth management
$28.4M
64/100
3rd
Logo for Linedata
Linedata
1998, Neuilly sur seine (France), Public
Provider of software, data, analytics, and related services for financial institutions
-
63/100
4th
Logo for Sapiens
Sapiens
1982, Holon (Israel), Acquired
Insurance policy administration and compliance solutions for the insurance industry
-
63/100
5th
Logo for Applied
Applied
1983, University Park (United States), Acquired
Provider of a cloud-based software suite for P&C insurers, MGA and agents
-
62/100
6th
Logo for Riskcovry
Riskcovry
2018, Mumbai (India), Series A
Provider of a platform for digital insurance distribution and management
$14.4M
62/100
7th
Logo for Mintpro
Mintpro
2017, Mumbai (India), Unfunded
Insurance agency management software
-
-
62/100
8th
Logo for Xceedance
Xceedance
2013, Boston (United States), Seed
Provider of consulting, analytics and data sciences for insurance industry
-
60/100
9th
Logo for Instanda
Instanda
2015, London (United Kingdom), Series B
SaaS-based software suite for the insurance industry
$71.7M
59/100
10th
Logo for FINEOS
FINEOS
1993, Dublin (Ireland), Public
Insurance quoting and underwriting solutions for the life and health insurance industry
-
58/100
15th
Logo for Artivatic
Artivatic
2017, Bengaluru (India), Acquired
AI-based software suite for financial institutions
$1.43M
53/100
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Artivatic's Latest cap tables and shareholding

Founders (largest shareholder) own 50.78%, Funds own 7.24%, Enterprises own 17.36% and Angels own 23.81%. The net worth of Artivatic's founders is INR 23.4Cr as of Dec 22, 2021.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
50.78%
23.4Cr
5604604
8487773
5514676
3191922
9950052
3037591
1297706
5834959
9245554
4377087
Fund
7.24%
3.33Cr
3156775
9426497
3004117
8290209
1
6
7
7
4
2
Enterprise
17.36%
7.99Cr
8690975
3963890
4104710
1746907
Angel
23.81%
11Cr
6947861
4372475
8500829
7229450
0
0
0
0
0
0
0
0
0
0
0
0
Other People
0.81%
37.1L
0
0
0
0
Total
100.00%
46Cr
1734075
5513319
8188771
7617753
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Artivatic's Shareholding

Artivatic's Investments and acquisitions

Artivatic has made no investments or acquisitions yet.

Reports related to Artivatic

Here is the latest report on Artivatic's sector:

News related to Artivatic

lockFilter this list
Media has covered Artivatic for 1 event in last 1 year.
•
•
Artivatic Wins Fintech Brand of the Year 2024Artivatic•Jul 02, 2024•Artivatic
•
RenewBuy acquires fintech firm Artivatic.AIIndiatimes•Feb 21, 2022•RenewBuy, Artivatic
•
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