AI Startup analyzing Medical Malpractice Claims, Justpoint secured $1M in Seed Funding

Justpoint, a New York-based startup that uses Artificial Intelligence for analysis of individual medical malpractice claims, has now secured $1 million in a seed funding round.

Justpoint is founded by Victor Bornstein. It is the AI-first medical malpractice company offering consumers and law firms a way of understanding the legal merits of a claim as well as an instant prediction of the likely settlement amount.

Harry Langenberg of Optima Tax Relief, said, "Justpoint has identified a big inefficient market in medical claims and malpractice that is ripe for disruption. Leveraging their deep experience in healthcare and technology, they have put together a brilliant team of engineers and scientists to turn their vision into reality. Their ability to leverage technologies such as AI, machine learning, and predictive analytics will add tremendous efficiencies and cut wasteful processes across the value chain, improving payouts and transparency for consumers and reducing search times and costs for law firms".

Victor Bornstein, CEO & Co-founder at Justpoint, said, "Our goal is to ensure that the medical malpractice system fulfills its promise with the help of artificial intelligence. We believe that better distinguishing lawsuits with merits and those without, as well as the future application of our technology in the clinical setting, will contribute to an improvement of health care provided to patients while providing a safety net for families that have suffered the consequences of medical mistakes. This additional capital will allow us to further impact the world of medical malpractice and meet the needs of our customers."

The round was backed by the Vivek Garipalli, the CEO and founder of Clover Health, with participation from Amino Capital, Whoa Ventures, and Harry Langenberg of Optima Tax Relief.

The company as of now has plans to use the new funds to hire a team of designers and engineers. Justpoint also intends to expand on customer acquisition channels, customer support and develop partnerships, notes the announcement.