Agentech, a leading AI-powered workforce solution provider for insurance claims, has successfully raised $3m in seed funding within 30 days.
The funding will fuel the company’s expansion into new insurance claims workflows, including Property & Casualty (P&C), Workers’ Compensation, and Travel claims, according to InsurTech Insights.
The $3m seed round highlights investor confidence in Agentech’s potential to disrupt the insurance industry. The company was co-founded by InsurTech veterans Robin Roberson and Alex Pezold, both of whom have a track record of successful tech exits worth a combined $182m.
Agentech focuses on transforming the insurance adjudication process through its Agentic AI platform, which automates traditionally manual tasks in claims management.
The platform utilises multimodal Large Language Model (LLM) capabilities to increase insurers’ output without additional labour, streamlining processes such as document review and compliance checks.
With the new funding, Agentech intends to expand its AI-driven technology into adjacent claims processes like First Notice of Loss (FNOL), reserving, and file review.
The company aims to drive innovation across the broader insurance landscape by applying its solutions to more workflows.
Agentech’s platform currently automates up to 50% of manual tasks for desk adjusters, resulting in faster claims processing, improved customer satisfaction, and increased accuracy. The company integrates seamlessly with existing claims management systems, enhancing overall efficiency without disrupting operations.
“Our AI solutions are already delivering measurable results, with design partners seeing significant improvements in productivity, cost efficiency, and customer satisfaction,” said Pezold, Agentech’s Co-Founder and CEO. “This successful seed round demonstrates strong investor confidence in our leadership and Agentech’s potential to transform the claims process.”
Agentech has grown rapidly since its founding 11 months ago. The company initially launched its Agentic AI platform within the pet insurance sector and is now looking to expand into new insurance lines.
Robin Roberson, Co-Founder and President of Agentech, commented on the platform’s impact, stating, “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.”
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