Source: Businesswire
Agentech, the global AI support workforce for insurance claims, is excited to announce the successful completion of its $3 million seed round in just 30 days.
Agentech leverages cutting-edge, multimodal Large Language Model (LLM) capabilities to tackle the labor intensive, subjective, and outdated claims process. The company’s AI-driven ensemble of agents automates the mundane and repetitive tasks typically handled by desk adjusters, allowing carriers to experience a 4x increase in output without incurring additional labor costs (and making the claim handler happier, too!). With over 100 expertly trained digital Agentic agents supporting a single claim file, desk adjusters receive salient information at key decision points, enabling them to focus on higher-value tasks.
“This successful seed round demonstrates strong investor confidence in our leadership and Agentech’s ability to fundamentally transform the insurance claims process,” said Alex Pezold, Co-Founder and CEO of Agentech. “Our AI solutions are already delivering measurable results, with design partners seeing an impressive improvement in productivity, cost efficiency, and customer satisfaction.”
“The speed at which we secured funding speaks volumes about the market’s recognition of the problem Agentech is solving,” said Robin Roberson, Co-Founder and President of Agentech. “Our AI agents are doing more than automating processes—they are empowering claim handlers to work smarter, faster, and more accurately.”
Read the full article: https://www.businesswire.com/news/home/20241022350833/en/Agentech-Secures-3-Million-to-Revolutionize-Insurance-Claims-with-AI-Driven-Workforce
