Hippocratic AI Raises $126M to Expand Healthcare AI Agents

The firm raises funds to gas enlargement, M&A, product improvement, and worldwide development.

Hippocratic AI, the worldwide chief in safety-focused generative AI healthcare brokers, at present introduced the shut of its Series C financing, elevating $126 million at a $3.5 billion valuation and bringing its complete funding to $404 million.

The funding was led by Avenir Growth, a frontrunner in supporting class defining firms in generative AI, with participation from new and present buyers, together with CapitalG (Google’s development fund), General Catalyst, Andreessen Horowitz (a16z), Kleiner Perkins, Premji Invest, Universal Health Services (UHS), Cincinnati Children’s Hospital Medical Center, WellSpan Health, John Doerr, Rick Klausner, and others.

In simply 15 months since commercialization, the corporate has established partnerships with over 50 massive well being methods, payors, and pharma shoppers in 6 international locations, constructed over 1000 scientific use instances, and accomplished over 115 million scientific affected person interactions with no questions of safety. Adoption is accelerating as healthcare organizations flip to scalable, protected generative AI brokers to allow healthcare abundance.

“At Avenir, we deal with investing in class leaders,” stated Andrew Sugrue, Co-founder of Avenir Growth. “After talking with a big variety of prospects prior to investing, we consider Hippocratic AI is main the agentic healthcare class. Importantly, we discovered that their relentless deal with security has earned them the belief of healthcare organizations all over the world, changing into the protected alternative for executives when selecting AI brokers for deployment in healthcare.”

“Hippocratic AI is amongst the quickest rising enterprise healthcare firms we’ve seen in the previous couple of years,” stated Julie Yoo, General Partner at Andreessen Horowitz. “Their speedy development is a testomony to the demand for options to our business’s labor and affected person entry disaster, and the distinctive capabilities that Hippocratic has introduced to market to deal with these wants.”

“At General Catalyst, our Health Assurance imaginative and prescient facilities on enabling a system of care that’s extra proactive, reasonably priced, and accessible care,” stated Hemant Taneja, CEO of General Catalyst, which co-created Hippocratic AI. “We believed in Hippocratic AI and the crew since inception, and it’s a shining instance of this thesis in motion. They are making use of clinically protected, empathetic generative AI in ways in which increase entry and dignity in care. Their speedy success displays each their breakthrough resolution and the ethical crucial to reimagine how care is delivered.”

“Every name our brokers make is a affected person whose life we have now helped to make more healthy. What this capital permits us to do is contact extra lives and assist extra individuals whereas staying true to our core values of ‘do no hurt’ and ‘sufferers first,’” stated Munjal Shah, Co-founder and CEO of Hippocratic AI. “We really consider that Generative AI brokers may also help usher in an period of abundance to healthcare by no means seen earlier than.

Customer Momentum is Fueling Growth

The firm’s partnerships with greater than 50 main enterprise healthcare organizations throughout the supplier, payor, and life sciences sectors show broad belief in its protected and scalable AI brokers. These companions embody a number of the most trusted names in healthcare domestically and internationally:

Cleveland Clinic, Northwestern Medicine, Ochsner Health, Moffitt Cancer Center, University Hospitals, Guy’s & St Thomas’ NHS Trust, Advocate Health, Cincinnati Children’s Hospital, Sanford Health, OhioHealth, Memorial Hermann, Eucalia, VNS Health, WellSpan Health, Sheba Medical Center, Universal Health Services, Cleveland Clinic Abu Dhabi, HonorHealth, Burjeel, Medical Mutual, Fraser Health, Leidos, LeanTaaS, and extra. In addition to these relationships, Hippocratic AI is already working with payors representing over 5 of the highest 10 payors and three of the highest 8 pharma firms.

Here’s how leaders throughout the healthcare ecosystem are describing the collaboration:

“Hippocratic AI’s deal with security, empathy, and scientific alignment makes them a trusted accomplice as we discover new methods to have interaction and help our sufferers and members at scale,” stated David Newman MD, Chief Medical Officer of Virtual Care at Sanford Health.

“Hippocratic AI’s deal with security and scale mirrors our mission to help the care crew in offering the very best high quality pediatric care to each little one who wants it,” stated Oliver Rhine, Chief Strategy Officer and President of Cincinnati Children’s Global. “The AI brokers open up new alternatives to help households with heat and precision, whether or not in scheduling, persistent situation administration, or day by day steerage.”

“At OhioHealth, security is the cornerstone of each care determination we make, and we maintain our companions to the identical commonplace,” stated Dr. Michael Ezzie, MD, the Senior Vice President and President of OhioHealth Physician Group. “Hippocratic AI’s unwavering dedication to scientific security, mixed with their rigorous testing and validation course of, offers us the arrogance to deploy their brokers in ways in which really help sufferers and clinicians alike.”

“The security info on Anna (the title WellSpan Health gave its Hippocratic AI agent) as our AI care assistant is totally terrific. We monitor that on a regular basis alongside along with your crew. And each one in all our scientific leaders and chief medical officers who’ve reviewed that has been very impressed,” stated Roxanna Gapstur, PhD, RN, President and Chief Executive Officer of WellSpan Health.

“We see AI as a robust software to increase our capacity to serve sufferers with out increasing clinician burden,” stated Dr. Paul R. Hinchey, MD, MBA, Chief Operating Officer of University Hospitals. “What units Hippocratic AI aside is its uncompromising dedication to empathy, reliability, and scientific security.”

“At Advocate Health, we’re dedicated to utilizing AI in partnerships that amplify and improve human connection fairly than substitute it. Guided by our strong accountable AI framework, we’re leveraging AI brokers to make affected person conversations extra accessible, empathetic and clinically protected whereas lowering the executive burden on our care groups. We worth companions that target real-world security and co-development of merchandise, serving to us ship well timed, personalised communication that builds belief and helps higher affected person outcomes,” stated Andy Crowder, Chief Digital Officer at Advocate Health.

Next Phase of Growth

The proceeds from the Series C financing will allow Hippocratic AI to speed up its impression. The firm will broaden and deepen its buyer deployments worldwide, proceed its funding in its Polaris Safety Constellation Architecture and product innovation, and pursue strategic mergers and acquisitions to increase its capabilities to attain extra sufferers throughout the healthcare ecosystem.

The submit Hippocratic AI Raises $126M to Expand Healthcare AI Agents first appeared on AI-Tech Park.