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Founded Date September 29, 1980
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Sectors AHP
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Company Description
The Combination of These Groundbreaking Technologies
NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE)– Roadzen Inc. (Nasdaq: RDZN) (” Roadzen” or the “Company”), an international leader in AI at the of insurance and mobility, today announced the combination of DeepSeek’s open-source reasoning design into Roadzen’s just recently released MixtapeAI platform. The mix of these groundbreaking technologies, readily available since today, brings innovative reasoning-based AI representative capability to organizations in the insurance coverage and mobility sectors while keeping strict information sovereignty.
Roadzen’s MixtapeAI Platform automates intricate workflows throughout multiple touchpoints, delivering smart, customized, and safe consumer experiences for insurance companies, brokers, representatives, carmakers, and fleets. To date, MixtapeAI has leveraged foundation models, such as OpenAI, Google, Anthropic, and Meta, and as of today it is likewise incorporated with DeepSeek R1. With the integration of DeepSeek R1-touted as the world’s most effective open-source advanced reasoning model with traceability – Mixtape can deliver smart and context conscious representatives in complex workflows. Importantly, all usage of MixtapeAI is restricted to our information centers in the United States, Europe, and India, depending on the client areas, guaranteeing stringent data sovereignty as no info takes a trip outside these regional areas.
Rohan Malhotra, Roadzen’s Founder and CEO, commented, “We are incredibly thrilled about DeepSeek’s developments in their state-of-the-art designs that allow us to lower reasoning costs and provide reasoning traces in our Mixtape agents. When opportunities arise to improve the quality and expense of our items, we act swiftly to bring them to our customers. By leveraging DeepSeek’s innovative thinking abilities in AI agents that deal with KYC, onboarding, consumer assistance, sales, and policy administration from quote to claim, we offer a robust, enterprise-grade service with complete data sovereignty to our customers. Mixtape with DeepSeek R1 is instantly offered to our customers internationally without rate limitations, and we are currently seeing adoption just days after launch.
Mr. Malhotra continued, “As structure models continue to advance in a hyper-competitive landscape, our company believe that most of economic value will be recognized at the application layer in AI, particularly within the insurance and mobility sectors, and we are excited to lead this modification.”
About Roadzen Inc
. Roadzen Inc.( Nasdaq: RDZN) is a worldwide innovation company transforming vehicle insurance utilizing sophisticated artificial intelligence (AI). Thousands of customers, from the world’s leading insurance companies, carmakers, and fleets to dealerships and car insurance agents, use Roadzen’s technology to develop brand-new items, offer insurance, process claims, and improve roadway safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has actually made recognition as a leading AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s objective is to continue advancing AI research at the intersection of mobility and insurance, introducing a world where mishaps are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 360 employees across its worldwide workplaces in the U.S., India, U.K. and France.
To read more, please go to www.roadzen.ai.
Cautionary Statement Regarding Forward Looking Statements
This press release consists of positive declarations within the significance of Section 27A of the Securities Act of 1933, as modified (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our existing expectations and forecasts about future events. These forward-looking declarations go through known and unidentified threats, uncertainties and assumptions about us that may trigger our actual outcomes, levels of activity, performance or achievements to be materially various from any future results, levels of activity, efficiency or achievements revealed or implied by such forward-looking declarations. In some cases, you can determine positive statements by terms such as “may,” “should,” “could,” “would,” “expect,” “plan,” “prepare for,” “believe,” “price quote,” and “continue,” or the negative of such terms or other similar expressions. Such declarations include, however are not restricted to, declarations regarding the expected benefits of our items and solutions, our expected profits development, strategy, need for our products, expansion plans, future operations, future operating outcomes, approximated profits, losses, predicted costs, prospects, strategies and objectives of management, along with all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a disparity consist of, however are not restricted to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, consisting of the annual report on Form 10-K we submitted with the SEC on July 1, 2024. We urge you to think about these factors, risks and uncertainties carefully in examining the positive statements included in this news release. All subsequent written or oral forward-looking statements attributable to our business or persons acting upon our behalf are expressly certified in their entirety by these cautionary declarations. The forward-looking statements consisted of in this news release are made only as of the date of this release. Except as specifically needed by relevant securities law, we disclaim any intent or commitment to update or revise any positive statements, whether as a result of brand-new information, future events or otherwise.