Agentech, a global AI support workforce for insurance claims, announced the completion of its $3 million seed round in just 30 days. And Agentech’s AI support workforce integrates seamlessly into insurers’ existing claims management systems, resulting in little to no change management.
Founded by insurtech and fintech veterans Robin Roberson and Alex Pezold (who previously exited tech ventures totaling $182 million), Agentech utilizes multimodal Large Language Model (LLM) capabilities to tackle the labor-intensive, subjective, and outdated claims process.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, enabling carriers to experience a 4x increase in output without incurring additional labor costs (and making the claim handler happier). With 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.
By automating routine time-consuming tasks like document review, compliance checks, and data extraction across multiple platforms and from various parties, Agentech reduces claim cycle times, increases accuracy, and enables desk adjusters to focus on high-value decision-making and customer service. The key benefits of the Agentech platform include:
— 3-4x increase in claims throughput without added labor
— Up to 50% reduction in manual, repetitive tasks
— Improved accuracy and compliance
— Faster claims processing and enhanced customer satisfaction
With the seed funding round, Agentech is prepared to expand its capabilities within the insurance claims workflow, targeting adjacent processes such as FNOL, reserving, file review, etc. And the company plans to build on its initial success, bringing transformative AI-driven solutions to other areas of insurance and claims handling.
KEY QUOTES:
“This successful seed round demonstrates strong investor confidence in our leadership and Agentech’s ability to fundamentally transform the insurance claims process. Our AI solutions are already delivering measurable results, with design partners seeing an impressive improvement in productivity, cost efficiency, and customer satisfaction.”
-Alex Pezold, Co-Founder and CEO of Agentech
“The speed at which we secured funding speaks volumes about the market’s recognition of the problem Agentech is solving. Our AI agents are doing more than automating processes—they are empowering claim handlers to work smarter, faster, and more accurately.”
-Robin Roberson, Co-Founder and President of Agentech
