Agentech Raises $3M to Revolutionize Insurance Claims with AI
Agentech, a New York-based AI platform supporting insurance claims adjusters, has raised $3 million in seed funding. The round was backed by a consortium of forward-thinking investors, including Agilent Technologies and Altimmune.
Agentech automates mundane workflows, enabling faster and more accurate claims processing. The platform uses advanced Large Language Model (LLM) technology to support desk adjusters. Agentech AI, Inc. raised this funding on October 2024, aiming to expand its capabilities across the insurance claims workflow, focusing on processes such as First Notice of Loss (FNOL) and file review.
The $3 million seed round, led by a consortium of forward-looking investors, will support Agentech's growth and expansion. The company aims to revolutionise the insurance claims process through AI automation.
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