U.S.-based cybersecurity company RIIG has received significant funding from investors in the UAE to help it grow into the healthcare industry.
The company has changed its name to HOOTL, which stands for “Humans Out of the Loop,” to show its new focus on using artificial intelligence to automate health insurance.
The company plans to open a regional office in the UAE to build stronger partnerships with government, businesses, and universities.
RIIG, a company that uses artificial intelligence for cybersecurity and risk analysis, has successfully raised new funding from investors in the UAE. The money will help the company grow in the health tech and insurance industries.
The tour is part of a rebranding plan, where RIIG will become HOOTL (Humans Out of the Loop), a platform that uses AI to automate insurance processes. HOOTL aims to solve big problems in checking insurance data and handling claims, and also plans to grow into other important areas that need strong security and accuracy.
Denver Regilman, CEO of RIIG – HOOTL, said:
“We are grateful for this new funding and look forward to strengthening our partnerships in the UAE. Investors are aware of the excellence of our health technology solutions, especially in terms of insurance verification automation and claims resolution.
New UAE office and strategic partnerships
As part of its growth plan, the company will open a regional office in the UAE to build stronger connections with local businesses, government organizations, and universities. The UAE’s focus on the future and digital transformation makes it an excellent place for AI technology companies to grow.
Cooperation with local and regional leaders
During her visit to the UAE, the company’s leader met with government officials and a leading tech company in the region. They talked about how HOOTL’s plans fit well with the UAE’s goals in artificial intelligence and health technology which could lead to closer partnerships in the future.
This investment happened during a recent visit by the U.S. government to the UAE, which aimed to boost investment and cooperation between U.S. companies and the Middle East.
About RIIG – HOOTL
RIIG (Riggleman Information & Intelligence Group) was created to offer advanced cybersecurity and AI-based analytics. Its services include managing risks, spotting threats early, analyzing real-time data, and helping organizations follow regulations. RIIG works with companies in different industries all over the world.
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