HOOTL, an AI-first company focused on transforming healthcare insurance processing, has secured $6.5 million in Series A funding led by 5IR Funds, a venture fund dedicated to foundational technologies of the Fifth Industrial Revolution. The investment will accelerate the development and expansion of HOOTL’s platform, which uses specialized artificial intelligence and regulatory intelligence to address long-standing inefficiencies in healthcare billing and insurance claims. HOOTL, operating as RIIG Technology, Inc. under the brand name HOOTL™ (Humans Out of the Loop), is building secure, scalable automation designed to fix one of healthcare’s most persistent problems: the complex, error-prone insurance processing system. By combining domain-specific AI agents with deep expertise in healthcare policy, the platform enables real-time claim validation, automatic tracking of policy changes, and proactive denial reduction—helping providers recover billions lost annually to administrative inefficiencies. What sets HOOTL apart is its unique access to regulatory bodies and its ability to embed compliance and trust directly into its automation workflows. Unlike generic AI tools, HOOTL’s systems are built specifically for healthcare’s highly regulated environment, allowing them to anticipate and adapt to regulatory shifts before they impact providers. This proactive approach ensures that automated processes remain accurate, compliant, and aligned with payer requirements. The company’s initial deployment began in dental practices, where it has already demonstrated success when tested against legacy and current platforms. A broader rollout across partner networks is planned for Q4 2025, with expansion into other provider segments expected in the following years. “HOOTL represents the next evolution of healthcare automation: domain-specific, compliance-aware, and trust-first by design,” said David Carstens, Founder and General Partner at 5IR Funds. “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, emphasized the company’s mission: “Our goal is simple but bold—stop the financial bleed in healthcare by applying AI where it truly matters: at the interface between providers, payers, and regulators. Because of our direct 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.” The new capital will support product innovation, regulatory readiness, and market scaling, enabling providers to gain real-time visibility into coverage changes and strengthen their revenue protection. With a foundation built on both technological precision and regulatory insight, HOOTL is positioning itself as the critical infrastructure layer for secure, compliant automation in high-stakes, regulated industries.