Agentech, an AI-powered workforce solution for insurance claims, raised $3 mn in seed funding in just 30 days. This funding will support their expansion into Property & Casualty (P&C), Workers’ Compensation, and Travel claims workflows.
Co-founded by insurtech veterans Robin Roberson and Alex Pezold, Agentech seeks to transform the insurance adjudication process with their Agentic AI platform.
This platform, powered by multimodal Large Language Model (LLM) capabilities, automates tasks traditionally handled by desk adjusters, allowing carriers to significantly boost output without increasing labor costs.
Pezold noted the platform’s success, stating that partners have already experienced improvements in productivity, cost efficiency, and customer satisfaction.
Roberson emphasized how their digital agents streamline mundane tasks, allowing claim handlers to focus on more critical decisions.
Our AI agents are doing more than just automating processes—they’re empowering claim handlers to work smarter, faster, and more accurately. The rapid success of our seed funding reflects the market’s recognition of the problem we are solving.
Robin Roberson, Co-Founder and President of Agentech
Agentech, founded just 11 months ago, initially launched in the pet insurance sector and now plans to expand into new insurance lines.
Agentech does the tedious work that slows down the claims process. No more sorting through super-dense medical records, handwritten notes, and scattered documents across various platforms.
With the fresh funding, they aim to enhance AI-driven solutions for claims processes, including First Notice of Loss (FNOL) and file review, pushing further innovation across the insurance landscape.
by Peter Sonner