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NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE)-- Roadzen Inc. (Nasdaq: RDZN) (" Roadzen" or the "Company"), an international leader in AI at the crossway of insurance coverage and movement, today revealed the combination of DeepSeek's open-source reasoning model into Roadzen's recently launched MixtapeAI platform. The combination of these groundbreaking innovations, offered since today, brings sophisticated reasoning-based AI representative capability to organizations in the insurance coverage and movement sectors while preserving strict information sovereignty.
Roadzen's MixtapeAI Platform automates intricate workflows throughout multiple touchpoints, providing smart, customized, and safe and secure client experiences for insurers, brokers, representatives, carmakers, and fleets. To date, MixtapeAI has leveraged foundation models, such as OpenAI, Google, Anthropic, and Meta, and since today it is also incorporated with DeepSeek R1. With the combination of DeepSeek R1-touted as the world's most effective open-source advanced thinking design with traceability - Mixtape can deliver smart and context mindful representatives in complicated workflows. Importantly, all usage of MixtapeAI is confined to our information centers in the United States, Europe, and India, depending on the customer locations, ensuring stringent information sovereignty as no info travels outside these regional areas.
Rohan Malhotra, Roadzen's Founder and CEO, commented, "We are extremely thrilled about DeepSeek's innovations in their cutting edge designs that allow us to lower reasoning expenses and offer reasoning traces in our Mixtape representatives. When chances arise to enhance the quality and expense of our items, we act promptly to bring them to our consumers. By leveraging DeepSeek's sophisticated thinking abilities in AI agents that deal with KYC, onboarding, client support, sales, and policy administration from quote to claim, we offer a robust, enterprise-grade solution with complete information sovereignty to our clients. Mixtape with DeepSeek R1 is right away available to our clients globally without rate restrictions, and we are already seeing adoption simply days after launch.
Mr. Malhotra continued, "As foundation models continue to advance in a hyper-competitive landscape, we think that most of financial value will be realized at the application layer in AI, especially within the insurance coverage and mobility sectors, and we are delighted to lead this modification."
About Roadzen Inc
. Roadzen Inc.( Nasdaq: RDZN) is a worldwide innovation business transforming automobile insurance using innovative expert system (AI). Countless customers, from the world's leading insurance companies, carmakers, and fleets to dealerships and car insurance agents, use Roadzen's innovation to build brand-new products, offer insurance, process claims, and improve roadway security. Roadzen's pioneering work in telematics, generative AI, and computer system vision has actually earned acknowledgment as a leading AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen's mission is to continue advancing AI research study at the crossway of mobility and insurance coverage, ushering in a world where accidents are prevented, premiums are reasonable, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 360 staff members across its global workplaces in the U.S., India, U.K. and France.
To find out more, please go to www.roadzen.ai.
Cautionary Statement Regarding Forward Looking Statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as changed (the "Exchange Act"). We have actually based these positive declarations on our present expectations and projections about future events. These positive statements go through recognized and unknown dangers, unpredictabilities and assumptions about us that might trigger our real outcomes, levels of activity, performance or achievements to be materially various from any future results, levels of activity, performance or achievements expressed or indicated by such positive declarations. In many cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "think," "estimate," and "continue," or the negative of such terms or other similar expressions. Such statements consist of, but are not restricted to, statements regarding the awaited advantages of our items and services, our anticipated profits growth, strategy, demand for our products, growth plans, future operations, future operating outcomes, approximated incomes, losses, forecasted costs, prospects, strategies and objectives of management, along with all other statements aside from declarations of historic truth included in this press release. Factors that might trigger or contribute to such a disparity consist of, but 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 aspects, dangers and uncertainties thoroughly in evaluating the positive statements consisted of in this news release. All subsequent composed or oral positive declarations attributable to our business or persons acting on our behalf are expressly certified in their whole by these cautionary declarations. The forward-looking declarations consisted of in this press release are made just since 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 an outcome of new details, future occasions or otherwise.
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