FOR IMMEDIATE RELEASE
March 14, 2025
Contact: Anthony Triana
atriana@saxum.com
405-818-0791
Cortado Ventures invests in claims solutions provider Agentech
Agentech is building the digital workforce for the AI insurance claims workflow
OKLAHOMA CITY — Cortado Ventures has invested in Agentech, an AI-powered claims solution provider designed to revolutionize the insurance claims process. By harnessing the power of hundreds of agentic AI-coworkers, Agentech significantly boosts claim processing efficiency, allowing desk adjusters and adjudicators to handle over four times the number of claims without increasing labor costs.
“In an era where efficiency and accuracy are paramount in the insurance industry, Agentech’s AI-driven solutions stand out as a game-changer,” said Cortado Ventures’ Managing Partner Nathaniel Harding. “Cortado specializes in investing in companies focused on legacy industries, and this is exactly what Agentech is doing — harnessing technology to transform the claims process, enhancing both operational efficiency and customer satisfaction. Agentech allows agents to focus on decision-making and deliver superior customer experiences.”
The leadership duo atop Agentech, Alex Pezold and Robin Roberson, bring with them deep expertise in insurtech innovation. As CEO and Co-Founder, Pezold has a proven track record of leveraging technology to scale solutions across industries during his 14 years as CEO and Founder at TokenEx – an enterprise-grade data security platform – that exited to a private equity firm for over $130 million. Roberson, President and Co-Founder, is a seasoned entrepreneur with over 25 years of experience in insurance and technology. During her time as CEO and Co-Founder of WeGoLook, Robin pioneered the use of the gig economy in claims handling, leading the company to a successful acquisition by Crawford & Company for over $36 million. Together, their vision and experience are driving Agentech’s mission to modernize the insurance claims process.
Agentech’s technology seamlessly integrates with existing claims workflows, eliminating the need for manual toggling between multiple systems or tedious spreadsheet management, reducing per-claim processing costs up to 67%. The company’s solution empowers desk adjusters to leverage their expertise for faster claim closures, reducing 30-45 minute tasks to 30-45 seconds, for example, while maintaining high accuracy and reducing manual errors. Agentech’s digital roster of claims coworkers automate the administrative tasks and present relevant information to the claims handler at key decision points, while constantly referencing carrier guidelines, best practices, and legal requirements to ensure compliance. Agentech currently offers an array of autonomous claims support ‘agents’ from first notice of loss (FNOL)-settlement within pet insurance, Property and Casualty, Workers’ Compensation, Travel, and Gadget lines of business, with more on the horizon.
“There is a massive data burden in the insurance industry with days or weeks of backlog delaying claims review and approvals. By automating the slow and repetitive work involved in claims processing, we are enabling desk adjusters and adjudicators to focus on what they do best—provide timely and accurate decisions for policyholders,” Pezold said. “We’re thrilled to receive this investment from Cortado, which will help us continue expanding our reach across insurance sectors.”
Agentech is a venture developed from Tulsa-based 19days and Gitwit with a majority of the $3 million initially raised in 30 days from Oklahoma investors. Originally started in the pet insurance space where the data burden is highest since there is little standardization, the goal is to make insurance easier, more affordable, more human-centric, and provide everyone the opportunity to be insured.
“Being an entrepreneur who has been focused on claims technology within the insurance industry for over a decade, I’m really excited about Agentech and how we can transform this legacy industry for the better,” Roberson said. “Cortado’s investment is an affirmation of our solution, direction, and underscores the potential of Agentech. I am very optimistic about making a lasting impact, and we are well positioned for future growth.”
About Cortado Ventures:
Founded by a team of seasoned CEOs and industry veterans in 2020, Cortado Ventures is a venture capital firm that’s working to define the Midcontinent’s success story for generations to come. Going beyond raising capital to support businesses – Cortado’s deep experience as leaders and innovators helps their portfolio companies accelerate their growth through strategic planning, training, and guidance. With focused efforts on entrepreneurs and startups who are founder-led by people with innovative, disruptive ideas in the energy, mobility and logistics, manufacturing, and healthcare technology sectors that are a natural fit for the Midcontinent region. Learn more at cortado.ventures.
About Agentech:
Agentech is a leading provider of AI-powered claims solutions, dedicated to enhancing the efficiency and accuracy of the insurance claims process. By leveraging hundreds of specialized Agentic AI coworkers, Agentech empowers adjusters to process claims more efficiently while focusing on customer service and decision-making. For more information, visit https://www.agentech.com/.
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