Cyber insurtech HOOTL, which operates under RIIG Technology, just pulled in $6.5 mn in Series A funding. The round was led by 5IR Funds and will be used to expand automation products, sharpen regulatory compliance features, and scale into broader healthcare markets.
The startup isn’t chasing generic AI hype. It’s building domain-specific agents tuned to healthcare insurance processing, where inefficiencies eat billions every year.
Those agents can cut claim denials, validate claims in real time, and track shifting payer policies. In effect, HOOTL is aiming to build a new automation infrastructure for providers, payers, and regulators – secure, compliant, and fast.
Hootl develops workflows that aim to lower insurance claims denials, streamline policy change tracking and verify claims in real time.
Active is Hootl’s analytical ecosystem that transforms data into insights to help organizations stay ahead of potential threats.
One edge HOOTL has that rivals don’t: proximity to regulators. Its access to policymakers and oversight bodies lets the team anticipate shifts instead of scrambling after the fact.
That access gets baked into the platform, embedding compliance into every workflow. For hospitals and dental practices, that means fewer surprises and more predictable revenue protection.
Denver Riggleman, HOOTL’s CEO, said the mission is simple but aggressive – stop the financial bleed in healthcare. The company started with dental networks, testing against legacy systems, and plans a broader rollout in Q4 2025.
Early results suggest the platform outperforms incumbents by catching errors before claims ever hit a payer.
Our mission is simple but bold: stop the financial bleed in healthcare by applying AI where it truly matters, at the interface of providers, payers, and regulators
Denver Riggleman, CEO of HOOTL
Because of our access to policy makers and regulatory bodies, we’re not just reacting to changes we’re building systems that anticipate them.”
David Carstens, founder and general partner at 5IR Funds, said the firm sees HOOTL as the next phase of healthcare automation. His take: compliance-aware AI designed for regulated industries is exactly what providers need after decades of bottlenecks.
HOOTL represents the next evolution of healthcare automation: domain-specific, compliance-aware, and trust-first by design
David Carstens, Founder and General Partner at 5IR Funds
“The combination of cutting-edge AI and regulatory intelligence makes HOOTL uniquely equipped to solve the insurance bottlenecks that have plagued providers for decades,” said David Carstens.
5IR Funds itself is raising a $200 mn vehicle focused on technologies shaping what it calls the Fifth Industrial Revolution. That includes AI, blockchain, advanced materials, quantum computing, and VR.
Capital is only part of the pitch; the fund also brings strategic partnerships and industry connections that can tilt the odds for portfolio companies.
Riggleman put it bluntly – HOOTL isn’t waiting for healthcare rules to change and then reacting. The company is building systems that expect those shifts and absorb them, so providers don’t get caught off guard. For an industry bleeding cash through errors and delays, maybe that’s the first real fix.
