# AgentAI Raises $1.8 Million Seed Round to Transform Medical Billing With AI

Funding led by Oceans Ventures; angel investors include Sean Rad, Geoffrey Price, and Howard Lerman

LOS ANGELES — February 1, 2024

AgentAI, the company revolutionizing healthcare revenue-cycle management through artificial intelligence, today announced it has closed a $1.8 million seed round led by [Oceans Ventures](https://oceans.ventures/team/?utm_source=chatgpt.com). The round also attracted leading technology entrepreneurs Sean Rad (founder of Tinder), Geoffrey Price, and Howard Lerman.

> "Artificial intelligence is finally capable of automating the vast majority of billing and RCM workflows. This capital lets us accelerate product development and bring AI-driven efficiency to medical billers and coders everywhere."

> "Oceans Ventures backs founders who use technology to unlock massive operational improvements. AgentAI's platform frees revenue-cycle professionals from repetitive tasks so they can focus on higher-value work — it's exactly the kind of impact we look for."

The new funding will be used to expand AgentAI's engineering team, deepen integration with EHR and practice-management systems, and support early pilot customers as the company prepares for broader market launch.

## About AgentAI

Founded in 2023, AgentAI applies advanced artificial-intelligence models to automate complex medical billing and revenue-cycle processes. By handling claims coding, submission, and denial management autonomously, AgentAI reduces costs and speeds reimbursement for healthcare organizations, allowing human experts to focus on strategic, high-value tasks.

## About Oceans

Oceans is a New York–based seed-stage venture capital firm that invests in technology-driven teams at the pre-seed and seed stages. Acting as "venture coaches," the firm partners closely with founders to accelerate growth and build enduring businesses. ( [Oceans Team](https://oceans.ventures/team/?utm_source=chatgpt.com))