5IR Funds, a venture fund focused on foundational technologies, has led a $6.5 million Series A investment in HOOTL, an AI-first company developing secure and scalable automation solutions to address inefficiencies in healthcare insurance processing.
HOOTL aims to rectify long-standing issues within healthcare’s insurance systems, leveraging the combination of artificial intelligence and regulatory intelligence. The company’s specialized workflows are designed to reduce insurance claim denials, streamline policy change tracking, and validate claims in real time. This approach targets the billions of dollars lost annually to administrative inefficiencies and errors across the U.
S. healthcare sector, aiming to establish a crucial infrastructure layer for secure and compliant automation.
What distinguishes HOOTL is its integration of a robust suite of AI agents, unique communication capabilities, and direct access to regulatory bodies. This positioning provides HOOTL with deep expertise in healthcare policy, enabling it to anticipate and adapt to regulatory shifts. Its automation framework embeds compliance and trust, moving beyond generic AI models to deploy domain-specific AI agents that operate in conjunction with current policy intelligence, ensuring providers engage insurers with systems aligned to the latest mandates.
David Carstens, Founder and General Partner at 5IR Funds, stated, “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, added, “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. That’s how we restore trust and unlock real, measurable value for practices.”HOOTL initiated its rollout in dental practices, where the solution has successfully undergone testing against existing and legacy platforms. A broader launch across partner networks is projected for Q4 2025. The company highlights that over $450 billion is lost annually in denied claims and administrative friction within U.
S. healthcare, with approximately 850 million claims denied each year. Additionally, more than 90% of practices identify insurance complexity as a primary barrier to growth. This funding is intended to accelerate HOOTL’s product development, regulatory readiness, and market expansion, providing healthcare providers with real-time visibility into policy changes and enhanced revenue protection.
HOOTL™ (Humans Out of the Loop), operating as DBA of RIIG Technology, Inc., is an AI-native platform tackling healthcare insurance processing through secure, scalable automation. It was developed in collaboration with dental and healthcare providers to enable real-time claim validation, policy change tracking, and denial reduction. 5IR Funds is a venture capital fund that supports foundational technologies of the Fifth Industrial Revolution, including AI, blockchain, quantum computing, advanced materials, and virtual reality. The fund targets $200 million for early-stage investments.
