Agentech Secures $3 Million to Beef up Its Insurance Claims AI

Agentech, which provides artificial intelligence support for insurance claims, completed a $3 million seed funding round in 30 days, the company announced.

The capital is slated to support the company’s efforts to enhance its offerings within the insurance claims workflow, with plans to extend its capabilities to adjacent processes such as First Notice of Loss (FNOL), reserving and file review.

Agentech employs advanced multimodal Large Language Model (LLM) technology designed to address what the company views as inefficiencies and subjectivity in the traditional claims process.

The company was co-founded by Robin Roberson and Alex Pezold, entrepreneurs in the insurtech and fintech sectors, who previously led ventures that collectively exited for a reported $182 million.