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ClaimScore secures $3.15M in seed funding

ClaimScore secures $3.15M in seed funding
ClaimScore secures $3.15M in seed funding

ClaimScore, a Pompton Lakes, NJ-based AI-driven claim validation software provider, raised $3.15M in Seed funding.

The round was led by ROC Venture Group. The funding will fuel the startup's growth with particular emphasis on expanding services for law firms, in-house counsel, and claims administrators.

Founded in 2022 by Donald Beshada, a seasoned class action litigator, Bob Gallo, a serial entrepreneur, and Bryan Heller, a founder in AI tech, ClaimScore aims to enhance anti-fraud capabilities in class action settlements.

CEO Bob Gallo highlighted the importance of their AI technology in identifying fraud in real-time, expediting legal processes and promoting transparency. To date, ClaimScore has helped clients avoid $340 million in fraudulent payouts.