Zasti Inc., an artificial intelligence technology company that develops innovative risk screening, predictive analytics, and climate change solutions for the healthcare industry, will invest $5.9 million to establish its U.S. headquarters in Loudoun County, Virginia. The project is expected to create 60 new jobs.
The company will utilize the facility to develop and embed ZASTI AI platforms in diagnostic devices and enterprise IT systems to ensure product quality, supply chain security, and affordability.
“Virginia represents a confluence of values given its workforce diversity, commitment to the environment, and a strong academic research setting,” said Krish R. Krishnan, Zasti CEO. “It is a great place for a transformative vision-driven business like ours to thrive. Our AI platform offers valuable health risk screening and early disease detection for communities in need while creating low-carbon pathways for our stakeholders. With continued support from Loudoun County and Virginia, we hope to grow our workforce well beyond 60 jobs.”
The Virginia Economic Development Partnership (VEDP) worked with Loudoun County to secure the project for Virginia. Governor Northam approved a $150,000 grant from the Commonwealth’s Opportunity Fund to assist Loudoun County with the project, and funding and services to support Zasti, Inc.’s employee training activities will be provided through the Virginia Jobs Investment Program.
“Artificial intelligence-powered health tools are becoming more prevalent because of innovative companies like Zasti, Inc.,” said Secretary of Commerce and Trade Brian Ball. “Zasti’s suite of AI products is making a difference in preventive care and diagnostics to improve overall health outcomes, and we are confident the company will benefit from the renowned higher education institutions in Northern Virginia.”
Founded in 2017 and incubated at the renowned Healthcare Technology Innovation Centre of the Indian Institute of Technology Madras, Zasti, which is Sanskrit for ‘prediction,’ developed and validated its AI platform for three years in India and the United Kingdom. The company recently moved its headquarters to the United States and brings its strong environmental, social, and governance (ESG) values to U.S. healthcare. Zasti’s predictive analytics solutions are designed to provide early risk screening solutions to underserved communities and decarbonize healthcare.
“We are thrilled to attract Zasti’s U.S. headquarters to Loudoun County,” said Loudoun Economic Development Executive Director Buddy Rizer. “This is another great step for economic diversity in Northern Virginia and further evidence of the importance of our international business development efforts. At a time when many international firms have paused their site selection searches overseas, we appreciate the confidence that Zasti has in a bright #LoudounPossible future.”