FraudScope raises $7M

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FraudScope, providers of an AI-based platform that helps identify cases of health insurance fraud, waste and abuse has raised a $7 million round of Series A financing. QED Investors, Brewer Lane Ventures, and the GRA Venture Fund participated in the investment.

FraudScope provides health plans with advanced identification and workflow tools to detect and investigate emerging fraud, according to the company.

FraudScope says it will use the capital to scale the team and expand product offerings.