RIIG-HOOTL Secures UAE Funding to Scale AI-Powered Cybersecurity and Health Tech Insurance Solutions

RIIG-HOOTL Secures UAE Funding to Scale AI-Powered Cybersecurity and Health Tech Insurance Solutions

RIIG – HOOTL, a pioneering cybersecurity and AI-driven health tech company, has recently completed a significant funding round with backing from investors in the United Arab Emirates (UAE). This funding marks a pivotal moment as the company rebrands itself to HOOTL, which stands for “Humans Out of the Loop.” This strategic shift reflects HOOTL’s commitment to automating insurance processes within the health technology sector.

Funding Round and Strategic Goals

The latest investment will primarily focus on:

  • Accelerating product development
  • Establishing a new office in the UAE
  • Strengthening partnerships with local government, industry, and academic institutions

HOOTL aims to leverage its expertise in national security-grade AI systems to enhance solutions that streamline insurance verification and claims adjudication. The UAE’s innovation-friendly environment and digital transformation agenda present a lucrative growth market for HOOTL.

Engagement with UAE Leaders

During a recent visit, HOOTL executives engaged in productive discussions with leaders from one of the Emirates and a prominent regional tech group. These conversations reinforced the company’s alignment with the UAE’s ambitions in AI and healthcare modernization.

CEO’s Vision and Future Outlook

Denver Riggleman, CEO of RIIG – HOOTL, expressed gratitude for the new funding, stating: “We are greatly appreciative of this new round of funding and look forward to expanding our partnerships in the UAE. Investors recognize our product as a uniquely innovative solution in the health tech space, particularly for insurance verification and claims adjudication—and they’re eager to capitalize on these new technologies.”

For more insights on health tech innovations and updates, visit RegTech Analyst.

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