Agentech AI, Inc.

Founded in 2023 and based in Oklahoma, US, Agentech AI, Inc. is a company focused on creating AI solutions for claims processing. Alex Pezold (CEO) and Robin Roberson are the co-founders of the company. In October 2024, Agentech AI, Inc.

raised USD 3 million in seed funding from investors. Agentech specializes in providing customized AI agents designed to enhance the efficiency and accuracy of claims processing across various sectors, including pet insurance and workers' compensation. The firm’s primary offering involves an ensemble of AI agents that automate the extraction and processing of claim-related documents, transforming raw data into summaries that support claim handlers at key decision points. The technology integrates machine learning algorithms that continuously improve accuracy by learning from manual corrections.

Agentech’s services cater primarily to insurance companies and claims management professionals, enabling them to streamline operations and reduce the adjudication time for claims processing. The company operates in multiple geographical markets, including the United States and Canada, serving both large insurance providers and smaller claims management firms. Agentech generates revenue through a subscription-based model that allows insurance companies and claims management organizations to access their suite of AI-driven solutions. Clients typically engage in partnerships where they subscribe to Agentech’s services, which include access to proprietary algorithms and AI agents that enhance claims processing capabilities.

Revenue is derived from various pricing plans tailored to the clients' specific needs, which may include options based on claim volume or the complexity of services provided. The organization plans to use the October 2024 funding to support and develop both its operational and developmental endeavors.