ClaimScore Raises $3.15M in Seed Funding

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

The round was led by ROC Venture Group.

The company intends to use the funds for continued growth and general operations, with a focus on expanding its offerings for law firms, in-house counsel, and claims administrators.

Founded in 2022 by President Donald Beshada, a 25-year class action litigator; CEO Bob Gallo, a serial entrepreneur and former financial advisor; and Bryan Heller, a founder and product owner for AI tech startups in both the consumer and B2B spaces, ClaimScore offers tested and validated AI and machine-learning-based anti-fraud software solutions for class action settlements. ClaimScore’s tech identifies fraud with accuracy and to date, has helped companies avoid $340 million in fraudulent payouts.