# AgentAI Secures $4 Million to Accelerate Same-Day AI Medical Billing

Slow Ventures leads July seed extension; Oceans Ventures doubles down

LOS ANGELES — July 15, 2024

AgentAI, the pioneer of same-day, AI-powered medical-billing automation, today announced a $4 million financing led by Slow Ventures, with continued participation from existing investor Oceans Ventures.

> "AgentAI is shrinking a week-long billing cycle to minutes while preserving the human expertise practices rely on. Their blend of intelligent automation, expert billers, and a proven playbook for acquiring RCM firms makes them the most comprehensive solution we've seen."

> "Slow's backing—alongside our partners at Oceans—lets us scale same-day claims processing and grow through acquisitions of medical-billing companies that want to unlock premium valuations through AI."

## Why Providers and Billers Choose AgentAI

- **Speed** — Claims and denials processed within hours
- **Accuracy** — 99 % first-pass success rate
- **Efficiency** — Up to 80 % reduction in administrative workload
- **Acquisition Model** — Offers billing-company owners premium valuations and flexible deal structures, then applies AI to cut processing time from days to 24 hours and automate majority of manual tasks

## About AgentAI

Founded in 2023, AgentAI pairs advanced machine learning with seasoned billing specialists to deliver same-day revenue-cycle performance for practices, hospitals, and RCM companies. Through its acquisition program, AgentAI provides medical-billing owners premium valuations and the opportunity to share in future growth.

## About Slow Ventures

Slow Ventures is an early-stage venture capital firm with offices in San Francisco, Boston, and New York. A generalist investor, Slow backs founders at the earliest stages and supports them over the long haul on their journey to build enduring companies.