HOOTL, a Charlottesville, VA-based AI-native platform tackling healthcare insurance processing with secure, scalable automation, has raised $6.5 million in Series A funding.
Investors
The round was led by 5IR Funds, a venture fund focused on foundational technologies for the Fifth Industrial Revolution. With a $200 million target fund, 5IR makes early-stage investments in pioneering companies across artificial intelligence (AI), blockchain, quantum computing, advanced materials, and virtual reality (VR).
HOOTL Use of Funds
The company will use the funding to accelerate product development, enhance regulatory compliance capabilities, and support market expansion.
About HOOTL
Founded and led by CEO Denver Riggleman, HOOTL is an AI-driven company developing secure, scalable automation systems to fix inefficiencies in healthcare insurance processing. The company combines artificial intelligence with regulatory intelligence to create specialized workflows that reduce claim denials, track policy changes, and validate insurance claims in real time. By embedding compliance and trust into its automation framework, HOOTL helps providers recover lost revenue and operate confidently within complex regulatory environments.
Funding Details
Company: HOOTL
Raised: $6.5M
Round: Series A
Funding Date: October 2025
Lead Investor: 5IR Funds
Additional Investors:
Company Website: https://www.hootl.com/
Software Category: HealthTech / AI / Automation / Regulatory Intelligence
Source: https://www.businesswire.com/news/home/20251013877670/en