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NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE)-- Roadzen Inc. (Nasdaq: RDZN) (" Roadzen" or the "Company"), a worldwide leader in AI at the crossway of insurance and movement, today announced the combination of DeepSeek's open-source thinking model into Roadzen's recently introduced MixtapeAI platform. The combination of these groundbreaking innovations, readily available as of today, brings advanced reasoning-based AI representative ability to services in the insurance coverage and mobility sectors while keeping strict data sovereignty.
Roadzen's MixtapeAI Platform automates complicated workflows throughout numerous touchpoints, providing smart, tailored, and secure consumer experiences for insurers, brokers, representatives, carmakers, and fleets. To date, MixtapeAI has leveraged structure models, such as OpenAI, Google, Anthropic, and Meta, and as of today it is also integrated with DeepSeek R1. With the combination of DeepSeek R1-touted as the world's most powerful open-source advanced reasoning model with traceability - Mixtape can provide intelligent and context aware representatives in complicated workflows. Importantly, all usage of MixtapeAI is restricted to our data centers in the United States, Europe, and India, depending upon the customer areas, guaranteeing rigorous data sovereignty as no info takes a trip outside these regional areas.
Rohan Malhotra, Roadzen's Founder and CEO, commented, "We are incredibly delighted about DeepSeek's innovations in their advanced models that enable us to lower inference expenses and supply reasoning traces in our Mixtape agents. When chances emerge to improve the quality and cost of our products, we act quickly to bring them to our clients. By leveraging DeepSeek's innovative thinking abilities in AI representatives that manage KYC, onboarding, client support, sales, and policy administration from quote to claim, we provide a robust, enterprise-grade solution with total data sovereignty to our customers. Mixtape with DeepSeek R1 is immediately available to our customers globally without rate restrictions, and we are currently 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 worth will be realized at the application layer in AI, particularly within the insurance and mobility sectors, and we are delighted to lead this modification."
About Roadzen Inc
. Roadzen Inc.( Nasdaq: RDZN) is an international technology company transforming vehicle insurance using advanced expert system (AI). Countless clients, from the world's leading insurers, carmakers, and fleets to dealerships and vehicle insurance coverage agents, utilize Roadzen's innovation to construct new items, sell insurance coverage, procedure claims, and improve road safety. Roadzen's pioneering operate in telematics, generative AI, and computer vision has 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 crossway of mobility and insurance coverage, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 360 employees throughout its global offices in the U.S., India, U.K. and France.
To find out more, please check out www.roadzen.ai.
Cautionary Statement Regarding Forward Looking Statements
This press release includes positive statements within the significance 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 amended (the "Exchange Act"). We have based these positive declarations on our current expectations and projections about future events. These forward-looking statements go through recognized and unknown risks, uncertainties and assumptions about us that might cause our actual results, levels of activity, performance or achievements to be materially various from any future results, levels of activity, performance or achievements revealed or indicated by such forward-looking statements. Sometimes, you can determine positive declarations by terminology such as "may," "should," "could," "would," "expect," "plan," "expect," "think," "estimate," and "continue," or the negative of such terms or other comparable expressions. Such statements consist of, however are not limited to, declarations relating to the awaited advantages of our products and options, our expected income development, method, need for our items, growth strategies, future operations, future operating outcomes, approximated incomes, losses, predicted costs, prospects, plans and goals of management, in addition to all other declarations besides declarations of historical truth consisted of in this news release. Factors that may cause or contribute to such a disparity include, but are not limited to, those explained in "Risk Factors" in our Securities and Exchange Commission ("SEC") filings, including the yearly report on Form 10-K we submitted with the SEC on July 1, 2024. We urge you to consider these factors, dangers and unpredictabilities thoroughly in examining the positive statements included in this press release. All subsequent written or oral positive statements attributable to our business or individuals acting on our behalf are expressly certified in their totality by these cautionary declarations. The forward-looking statements included in this news release are made just as of the date of this release. Except as specifically needed by relevant securities law, we disclaim any intent or commitment to update or modify any positive declarations, whether as a result of brand-new details, future occasions or otherwise.
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