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AIA’s Amplify Health acquires AI startup AiDA, plans hiring spree

Claudia Chong

Claudia Chong

Published Tue, Jan 10, 2023 · 08:00 AM
    • AiDA Technologies helps companies automate underwriting and claims processing, and detect fraud, waste and abuse.
    • AiDA Technologies helps companies automate underwriting and claims processing, and detect fraud, waste and abuse. PHOTO: PIXABAY

    AMPLIFY Health, an healthtech set up by AIA, has fully acquired artificial intelligence (AI) startup AiDA Technologies as it looks to expand its team by hundreds of staff by the end of 2023.

    The value of the deal, which was all-cash, was undisclosed.

    Singapore-based AiDA was founded in 2016 by Tan Geok Leng, Shonali Krishnaswamy, Sivakumar Viswanathan and Tam Nguyen, a team of data scientists from the InfoComm Research Institute under the Agency for Science, Technology and Research.

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