It’s one thing to talk about fixing healthcare. It’s another to build a machine that actually does it, and do it in oncology, where the stakes aren’t just high, they’re personal. RISA just secured $3.5M in seed funding to go toe-to-toe with one of the most brutal pain points in US healthcare: the administrative nightmare wrapped in prior authorizations.
This round wasn’t just money moving hands. It was a signal. Led by Binny Bansal (yes, that Flipkart Binny), and backed by Oncology Ventures, General Catalyst, z21 Ventures, ODDBIRD VC, and Ashish Gupta, the round tells you everything you need to know: smart capital is circling Risa like hawks spotting a signal in the noise. The company’s not just playing in the Oncology space, they’re reengineering the pipes that power it.
Co-founders Kshitij Jaggi (CEO) and Kumar Shivang (CTO) aren’t strangers to the game. Both are IIT Kanpur alums who cut their teeth building Urban Health, saw the chaos behind the curtain, and came back with a vendetta. What they’ve built with Risa Labs isn’t some pitch-deck AI clone, it’s a deep tech orchestration platform, BOSS, that slices through bureaucracy with digital twin precision, real-time compliance checks, and multi-agent systems that think ten moves ahead. And it’s not theoretical. One deployment reduced prior auth times from 30 minutes to under 5. Processed $1M+ in meds in months. Cut admin costs by 66%. That’s not disruption. That’s dominance.
And if you thought this was a “Palo Alto in a vacuum” kind of play, think again. They’ve already got boots on the ground in Cambridge, New York, and Bengaluru. They’ve integrated with 90+ EHR, including Epic and SCS Oracle Cerner, and landed key partnerships, Flatiron Health’s EMR and New York Cancer & Blood Specialists and Blood Specialists included. This isn’t a stealth mode startup trying to find product-market fit. They’re already there. And they’re scaling with the precision of a sniper.
The vision isn’t small. This isn’t just about saving time, it’s about shifting how care gets delivered in the most high-stakes corners of healthcare. With Aditi Deepanvita leading people ops and a roster of advisors like Ben Freeberg, Carolyn Starrett, and Dr. Jeff Vacirca, Risa is stacking a war chest of talent and trust.
Healthcare doesn’t need another pitch. It needs execution. It needs platforms that aren’t scared to walk into the mess, get their hands dirty, and automate the parts that shouldn’t be holding lives hostage. That’s what Risa Labs is doing. Oncology-first, but not oncology-only. And if you’re watching closely, you’ll see the blueprint.
Let’s keep the momentum going across the tech ecosystem. Whether you’re a founder shaping the future, a leader driving change, a VC backing bold ideas, or an investor spotting the next big thing, together, we’re pushing boundaries. Proud to be building the future with you.
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