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Layak Singh

Founder & CEO, Artivatic.ai · 1 appearance on the record.

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founderexecutiveauthor@lsvimal ↗LinkedIn ↗layaksingh.com ↗

An alumnus of IIT Kharagpur, Layak Singh founded Artivatic.ai, an AI-driven InsurTech and HealthTech platform providing end-to-end automation, risk underwriting, and claims management. Prior to Artivatic, he was a serial entrepreneur who launched startups including iwanttutor, Fullerene Solutions, and social discovery platforms DateIITians and COGXIO.

11statements → 5claims → 1claims resolved → 3.82/5average certainty → 1.18/5average debate potential →

1 supported 0 partly supported 0 contradicted 4 not checkable as stated how the 5 claims stand · each chip opens the sources

5 assertions · 6 disclosures · every statement was checked. The predictions and assertions are the 5 claims: statements the public record can support or contradict. 1 is resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Layak argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Artivatic.ai Has Raised Approximately $1 Million in Funding
“I raised about a million dollar kind of funding after that.”
Layak Singh Aug 13, 2020 ▶ 12:00 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Everything Layak Singh said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Not checkable as stated
Artivatic has experienced zero customer churn to date
“Basically, wherever you work with any businesses right now, we haven't lost any business as of now.”
Layak Singh Aug 13, 2020 ▶ 14:18 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Disclosure
Artivatic acquires 100% of customers via referrals and inbounds
“So all these customers that we are getting is completely coming by the referrals or inbounds. And our only cost for that is acquisition costs only for travel costs. That is also zero right now because of COVID.”
Layak Singh Aug 13, 2020 ▶ 14:43 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Disclosure
Singh: Artivatic's average customer pays around $20,000 per month
“As of now, we have seen an average customer who's paying to us is around 20,000 dollars.”
Layak Singh Aug 13, 2020 ▶ 6:08 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Assertion Not checkable as stated
Artivatic reaches $1M in contracted book value
“So book value is about a million dollar, but the license is less actually.”
Layak Singh Aug 13, 2020 ▶ 9:20 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Disclosure
Layak Singh personally lost $500,000 investing in his previous startup
“No, in last company, I basically invested my own half million dollars as well. I lost everything.”
Layak Singh Aug 13, 2020 ▶ 10:16 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Assertion Supported
Artivatic.ai Has Raised Approximately $1 Million in Funding
“I raised about a million dollar kind of funding after that.”
Layak Singh Aug 13, 2020 ▶ 12:00 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Disclosure
Artivatic is closing a $500k bridge round
“Currently due diligence is going on. So we have signed up the documents and papers due diligence is going on.”
Layak Singh Aug 13, 2020 ▶ 13:37 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Assertion Not checkable as stated
Artivatic covers full lifecycle infrastructure for life, health, and general insurance
“So automatic is now is completely a full stack or infrastructure platform for insurance. It takes care of the entire life cycle of the insurance in life insurance, health insurance, general insurance as well.”
Layak Singh Aug 13, 2020 ▶ 3:56 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Disclosure
Artivatic offers over 100 modular APIs on its insurtech platform
“We have a hundred plus APIs in this platform.”
Layak Singh Aug 13, 2020 ▶ 4:18 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Assertion Not checkable as stated
Artivatic has six active enterprise customers
“Currently, for last 12 months, we have six live customers already in the last 14 months.”
Layak Singh Aug 13, 2020 ▶ 8:20 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now
Disclosure
Artivatic burns $40k to $50k monthly
“Currently we are burning about 40 to 50 K, kind of, yes dollar.”
Layak Singh Aug 13, 2020 ▶ 12:41 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Appearances (1)

EpisodeDateSpeaking time
Artivatic Insurtech API $1m Revenue, Closing $500k Round Now Aug 13, 2020 8m
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