HOOTL, an AI-first company focused on revolutionising healthcare insurance processing, has secured $6.5m in Series A funding, aiming to address inefficiencies in claim validation and policy management.
The funding round was led by 5IR Funds, a venture capital firm investing in transformative technologies across the Fifth Industrial Revolution, including AI, blockchain, and quantum computing.
HOOTL develops specialised AI workflows at the intersection of healthcare, artificial intelligence, and regulatory compliance.
Its platform is designed to reduce claim denials, track policy changes, and validate claims in real time, targeting billions of dollars lost annually to administrative errors and inefficiencies.
The company plans to use the new funding to accelerate product development, expand its regulatory readiness, and scale its market presence, giving healthcare providers real-time visibility into policy changes and better safeguarding revenue streams.
HOOTL distinguishes itself by combining domain-specific AI agents with regulatory intelligence. This approach allows the company to anticipate policy shifts, embed compliance directly into its systems, and support providers in engaging insurers more effectively while minimising administrative burdens. Initial rollout began in dental practices, with a broader expansion across partner networks expected in Q4 2025.
David Carstens, Founder and General Partner at 5IR Funds, said, “HOOTL represents the next evolution of healthcare automation: domain-specific, compliance-aware, and trust-first by design. The combination of cutting-edge AI and regulatory intelligence makes HOOTL uniquely equipped to solve the insurance bottlenecks that have plagued providers for decades.”
Denver Riggleman, CEO of HOOTL, said, “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. Because of our access to policy makers and regulatory bodies, we’re not just reacting to changes we’re building systems that anticipate them.”
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