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Niramai vs Alan

Side-by-side on valuation, funding, investors, founders & more

Comparison updated: April 2026

Alan is valued at $5.8B — more than 3x Niramai's N/A.

Head-to-Head Verdict

Alan leads on 3 of 4 metrics

Niramai

0 wins

-Funding
-Awaira Score
-Team Size
=Experience

Alan

3 wins

+Funding
+Awaira Score
+Team Size
=Experience

Key Numbers

Valuation
N/A
$5.8B
Total Funding
$17M
$750M
Awaira Score
60/100
83/100
Employees
50-200
500-1000
Founded
2016
2016
Stage
Series B
Series D
NiramaiAlan
Niramai logo
Niramai

🇮🇳 India · Geetha Manjunath

Series BAI HealthcareEst. 2016

Valuation

N/A

Total Funding

$17M

Awaira Score60/100

50-200 employees

Full Niramai Profile →
Winner
Alan logo
Alan

🇫🇷 France · Jean-Charles Samuelian

Series DAI HealthcareEst. 2016

Valuation

$5.8B

Total Funding

$750M

Awaira Score83/100

500-1000 employees

Full Alan Profile →
Market Context

Both companies compete in the AI Healthcare space, though from different geographies — Niramai in India and Alan in France. Different stages (Series B vs Series D) mean these companies face fundamentally different operational priorities.

🔬

Analyst Summary

Built from real data · Updated April 2026

Companies

Within AI Healthcare, Niramai and Alan rank among the most closely watched rivals. Niramai has developed a radiation-free, non-contact breast cancer screening solution that uses thermal imaging combined with AI-powered image analysis to detect early-stage breast cancer, addressing the significant access and cost barriers that prevent widespread mammography screening in low- and middle-income countries. Alan is an AI-powered health insurance platform that combines employer group health insurance products with a digital health companion application, using AI to personalise member health recommendations, streamline claims processing, and provide on-demand access to telehealth and mental health resources.

Funding & Valuation

Only Alan has a public valuation on record ($5.8B); Niramai's has not been disclosed. Alan has amassed $750M in total funding, far exceeding Niramai's $17M.

Growth Stage

Niramai and Alan share a 2016 founding year, meaning neither has a seniority advantage. Niramai is at Series B while Alan stands at Series D, indicating different levels of maturity and investor risk. Team sizes also differ: Niramai employs 50-200 people versus Alan's 500-1000.

Geography & Outlook

Niramai operates out of 🇮🇳 India while Alan is based in 🇫🇷 France, giving each a distinct home-market advantage. Alan scores 83 on Awaira's composite index versus Niramai's 60, a wide margin reflecting substantially stronger fundamentals. Under Geetha Manjunath and Jean-Charles Samuelian respectively, both companies continue to chart aggressive growth paths.

Funding Velocity

Niramai

Total Rounds3
Avg. Round Size$5.7M
Funding Span2.7 yrs

Alan

Total Rounds1
Avg. Round Size$183M

Funding History

Niramai has completed 3 funding rounds, while Alan has gone through 1. Niramai's most recent round was a Series B of $11.9M, compared to Alan's Series E ($183M). Niramai is at Series B while Alan is at Series D — different points in their growth trajectory.

Team & Scale

Alan has the bigger team at roughly 500-1000 people — 10x the size of Niramai's 50-200. Both companies were founded in 2016. Geographically, they're in different markets — Niramai operates out of India and Alan from France.

Metrics Comparison

MetricNiramaiAlan
💰Valuation
N/A
$5.8B
📈Total Funding
$17M
$750MWINS
📅Founded
2016
2016
🚀Stage
Series B
Series D
👥Employees
50-200
500-1000
🌍Country
India
France
🏷️Category
AI Healthcare
AI Healthcare
Awaira Score
60
83WINS

Key Differences

📈

Funding gap: Alan has raised $733M more ($750M vs $17M)

🚀

Growth stage: Niramai is at Series B vs Alan at Series D

👥

Team size: Niramai has 50-200 employees vs Alan's 500-1000

🌍

Market base: 🇮🇳 Niramai (India) vs 🇫🇷 Alan (France)

⚔️

Direct competitors: Both operate in the AI Healthcare market segment

Awaira Score: Alan scores 83/100 vs Niramai's 60/100

Which Should You Choose?

Use these signals to make the right call

Niramai logo

Choose Niramai if…

  • India-based for regional compliance or proximity
  • Niramai has developed a radiation-free, non-contact breast cancer screening solution that uses thermal imaging combined with AI-powered image analysis to detect early-stage breast cancer, addressing the significant access and cost barriers that prevent widespread mammography screening in low- and middle-income countries
Alan logo

Choose Alan if…

Top Pick
  • Higher Awaira Score — 83/100 vs 60/100
  • More established by valuation ($5.8B)
  • Stronger investor backing — raised $750M
  • France-based for regional compliance or proximity
  • Alan is an AI-powered health insurance platform that combines employer group health insurance products with a digital health companion application, using AI to personalise member health recommendations, streamline claims processing, and provide on-demand access to telehealth and mental health resources

Funding History

Niramai raised $17M across 3 rounds. Alan raised $750M across 1 round.

Niramai

Series B

Feb 2019

$11.9M

Series A

Oct 2017

$3.7M

Seed

Jun 2016

$1.4M

Alan

Series E

Oct 2022

Lead: Coatue Management

$183M

Investor Comparison

No shared investors detected between these two companies.

Unique to Alan

Coatue ManagementDragoneerTemasek

Users Also Compare

FAQ — Niramai vs Alan

Is Niramai bigger than Alan?
Alan has a disclosed valuation of $5.8B, while Niramai's valuation is not publicly available, making a direct size comparison difficult. Alan employs 500-1000 people.
Which company raised more funding — Niramai or Alan?
Alan has raised more in total funding at $750M, compared to Niramai's $17M — a gap of $733M. Combined, the two companies have completed 4 known funding rounds.
Which company has a higher Awaira Score?
Alan leads with an Awaira Score of 83/100, while Niramai sits at 60/100. That 23-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded Niramai vs Alan?
Niramai was founded by Geetha Manjunath in 2016. Alan was founded by Jean-Charles Samuelian in 2016. Visit each company's profile on Awaira for a full founder biography.
What does Niramai do vs Alan?
Niramai: Niramai has developed a radiation-free, non-contact breast cancer screening solution that uses thermal imaging combined with AI-powered image analysis to detect early-stage breast cancer, addressing the significant access and cost barriers that prevent widespread mammography screening in low- and middle-income countries. The technology works without X-ray radiation, requires no radiologist for initial interpretation, and can be deployed in mobile screening units.\n\nThe company raised approximately $17M in Series B funding and has conducted clinical validation studies demonstrating sensitivity and specificity metrics competitive with mammography for early detection. Niramai has deployed its screening solution at hospitals, corporate wellness programs, and rural health camps across India.\n\nBreast cancer is the most common cancer among Indian women, yet screening rates remain critically low due to equipment costs, specialist shortages, and cultural barriers to mammography. Niramai's AI-powered thermal screening addresses each of these barriers simultaneously, positioning the company at the intersection of AI healthcare development and a major Indian public health challenge. Alan: Alan is an AI-powered health insurance platform that combines employer group health insurance products with a digital health companion application, using AI to personalise member health recommendations, streamline claims processing, and provide on-demand access to telehealth and mental health resources. The Paris company holds full insurance carrier status in France, Belgium, and Spain, operating as a licensed insurer rather than a distribution intermediary.\n\nThe company raised approximately $220 million including a Series D round from investors including Temasek, Coatue, and Index Ventures, reaching a valuation of approximately $1.4 billion. Alan reports over half a million members across its markets, covering employees at several thousand companies including Stripe, Spendesk, and Vinted, with strong growth in SME employer sales driven by its digital-first enrolment and claims experience. The Alan app provides members with health navigation, symptom checking, and AI-generated health content in addition to insurance card and claims management functionality.\n\nAlan competes in the European digital health insurance market against traditional mutuals including Malakoff Humanis and AG2R La Mondiale, as well as digital health insurers including Henner and Oscar Health in the US context. Its vertical integration as a licensed insurer combined with a technology platform differentiates it from insurtechs that distribute existing insurer products through digital channels, giving Alan full control over the member experience and claims economics. The company is considered one of the most significant French technology companies building in regulated financial services.
Which company was founded first?
Both Niramai and Alan launched in 2016. Same year, but even a few months' head start matters in AI — early movers lock in data, talent, and customer relationships fast.
Which company has more employees?
Niramai has about 50-200 employees; Alan has about 500-1000. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are Niramai and Alan competitors?
Yes — they're direct rivals. Both Niramai and Alan compete in AI Healthcare, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

Alan has a clear lead here — Awaira Score of 83 vs Niramai's 60. The difference comes down to funding depth and team scale.

Who Should You Watch?

Alan is in the stronger position — better score and deeper pockets. But Niramai has room to surprise, especially if they land a marquee investor. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive