Risa Labs Secures $3.5 Mn Funding From Binny Bansal, Others

Risa Labs, a healthtech startup focused on improving cancer care workflows, has raised $3.5 million in a seed funding round led by Binny Bansal (cofounder of flipkart).

Oncology Ventures, General Catalyst, z21 Ventures, Odd Bird VC, and angel investor Ashish Gupta also participated in this round.

The startup will use the funding to roll out its AI-powered automation platform in 100 cancer centers across the US over the next two years. The software is designed to speed up treatment by fixing delays caused by the prior authorisation process—a common issue in cancer care.

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Kshitij Jaggi, RISA’s co-founder and CEO, states: “We’ve had Windows, we’ve had Linux, we’ve had Mac—each OS helped humans extract more from machines. But now, we’re drowning in software. Software that was supposed to get work done has become work itself. BOSS is an AI OS for the post-ChatGPT era—where work is no longer about learning tools, but simply expressing intent.”

“As AI agents unbundle the $4.6 trillion services industry, Risa’s BOSS leads the way—proven in oncology and built to scale,” said Bansal.

About Risa Labs

Co-founded in 2024 by Kshitij Jaggi and Kumar Shivang,  the Palo Alto-based Risa has built a workflow tool called BOSS (Business Operating System as a Service). It uses AI, including language models and digital twins, to simplify and automate complex administrative tasks by breaking them into smaller steps.

BOSS is already being used at one cancer center in the US. There, it cut prior authorisation time from 30 minutes to less than five, handled over $1 million worth of medications, and reduced admin costs by two-thirds.

Risa Labs plans to expand its platform across different parts of the cancer care system. The goal is to improve coordination and information-sharing between doctors, drug companies, and other key players, creating a single AI-powered system to manage the entire drug lifecycle more efficiently.

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