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NovaData Solutions

Invoice auditing for insurance restoration claims

Raised to date

$5.4M

of $7.1M offered across 4 Form D filings

Still open
$1.8M
Investors
7
Last filed
May 14, 2026

About

NovaData Solutions Inc. offers a sophisticated, AI-powered platform that revolutionizes the processing and auditing of complex restoration and remediation invoices in the insurance industry. By automating the identification of discrepancies and inefficiencies, they enhance claims processing accuracy and efficiency, benefiting large organizations such as insurance companies and healthcare networks.

NovaData Solutions stands out with its ability to integrate seamlessly into existing insurance workflow systems and quickly deliver machine learning-driven insights that substantially improve claims processing.

Funding

$3.5M round, first sold May 2026$1.7M sold$1.8M still openFeb 202420252026
Now
  • EquityFiled May 14, 2026Form D
    $1.7M/ $3.5M
  • EquityFiled Jun 17, 2025Form D/A
    $3M/ $3M
  • Security to be acquiredFiled May 28, 2025Form D/A
    $665K/ $665K
  • Security to be acquiredFiled Feb 4, 2025Form D
    $415K/ $600K

Product

AI-Powered Invoice Analysis Platform

Insurance Claims Processing

An advanced platform using machine learning to process restoration invoices for insurance claims quickly and accurately. It identifies discrepancies and provides comprehensive, data-backed reports in less than 24 hours.

  • 24-hour invoice processing
  • Machine learning-driven discrepancy identification
  • Detailed data-backed reporting

Built for

Insurance companies

People on file