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<figure class="img_container" style="float:left;margin-right:10px;width:350px;;margin-bottom:5px;max-width:100%;"><img width="590" height="442" class="unveil" loading="eager" style="width:100%;max-height:100%" src="https://img.etb2bimg.com/files/cp/upload-1716881542-ethealthworld.webp" data-src="https://etimg.etb2bimg.com/photo/118342680.cms" captionrendered="1" alt=""><figcaption class="caption"></figcaption></figure>Bengaluru: <a id="20696262" type="General" weightage="20" keywordseo="Abridge" source="keywords" meta.keywordsubtype="org" meta.entityname="Abridge" meta.hostid="266" meta.entityid="Abridge" class="news-keywords" href="/tag/abridge">Abridge</a>, a startup that uses artificial intelligence to build medical documents, said on Monday it raised $250 million in a <a id="20080855" type="General" weightage="20" keywordseo="funding-round" source="keywords" class="news-keywords" href="/tag/funding+round">funding round</a> co-led by <a id="22127870" type="General" weightage="20" keywordseo="Elad-Gil" source="keywords" meta.keywordsubtype="org" meta.entityname="Elad Gil" meta.hostid="266" meta.entityid="Elad Gil" class="news-keywords" href="/tag/elad+gil">Elad Gil</a> and <a id="25521420" type="General" weightage="20" keywordseo="IVP" source="keywords" meta.keywordsubtype="org" meta.entityname="IVP" meta.hostid="266" meta.entityid="IVP" class="news-keywords" href="/tag/ivp">IVP</a>. Investors in the funding round included Lightspeed Venture Partners, CVS Health Ventures, Redpoint Venture and NVentures – Nvidia’s venture capital arm. AI startups captured a record 46.4per cent of the total $209 billion raised by U.S. startups in 2024, compared with less than 10per cent a decade earlier. <!– PROMOSLOT_M –> Abridge did not disclose the valuation at which the amount was raised. The company was valued at $850 million after a funding round last year, in which it had raised $150 million. <!– PROMOSLOT –> Pittsburgh-based Abridge, founded in 2018, automates clinical notes and medical conversations for doctors, leveraging artificial intelligence. "AI can be transformative by abstracting away the complexity and rules around revenue cycle as it pertains to documentation, allowing clinicians to focus on their patients while getting their documentation right the first time," Somesh Dash, General Partner at IVP, said in a statement. <!– PROMOSLOT_M –> Abridge’s products have been implemented at about 100 healthcare systems in the U.S., including rural setups and children’s hospitals. The healthcare startup said that the latest funding will help it develop AI capabilities and grow commercially. <!– PROMOSLOT –> (Reporting by Pritam Biswas in Bengaluru; Editing by Susan Fenton) </body>","next_sibling":[{"msid":118328246,"title":"Apptronik raises $350 million to scale production of humanoid robots","entity_type":"ARTICLE","link":"/news/health-it/apptronik-raises-350-million-to-scale-production-of-humanoid-robots/118328246","link_next_mobile":"/news/health-it/apptronik-raises-350-million-to-scale-production-of-humanoid-robots/118328246?next=1","category_name":null,"category_name_seo":"health-it"}],"related_content":[],"seoschemas":false,"social_share":{"fb":"/information/health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities/118342575?utm_source=fb&utm_medium={{DEVICE_TYPE}}","x":"/information/health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities/118342575?utm_source=twitter&utm_medium={{DEVICE_TYPE}}","whatsapp":"/information/health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities/118342575?utm_source=wapp&utm_medium={{DEVICE_TYPE}}","linkdin":"/information/health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities/118342575?utm_source=linkedin&utm_medium={{DEVICE_TYPE}}","telegram":"/information/health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities/118342575?utm_source=telegram&utm_medium={{DEVICE_TYPE}}","copy":"/information/health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities/118342575?utm_source=copy&utm_medium={{DEVICE_TYPE}}"},"cat_msid":44909147,"cat_sub_msid":false,"msid":118342575,"entity_type":"ARTICLE","title":"Healthcare startup Abridge raises $250 million to reinforce AI capabilities","synopsis":"Buyers within the funding spherical included Lightspeed Enterprise Companions, CVS Well being Ventures, Redpoint Enterprise and NVentures – Nvidia’s enterprise capital arm.","titleseo":"health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities","standing":"ACTIVE","authors":[],"analytics":{"feedback":0,"views":178,"shares":0,"engagementtimems":759000},"Alttitle":{"minfo":""},"next_promo_stories":[{"id":"117674599","type":"next_article"}],"artag":"Reuters","artdate":"2025-02-18 06:28:21","lastupd":"2025-02-18 06:47:22","breadcrumbTags":["artificial intelligence in healthcare","Abridge","medical documentation automation","funding round","Elad Gil","AI healthcare startup","IVP"],"secinfo":{"seolocation":"health-it/healthcare-startup-abridge-raises-250-million-to-enhance-ai-capabilities"}}” data-type=”information” id=”news_dtl_118342575″ page-title=”Healthcare startup Abridge raises $250 million to reinforce AI capabilities”>

Buyers within the funding spherical included Lightspeed Enterprise Companions, CVS Well being Ventures, Redpoint Enterprise and NVentures – Nvidia’s enterprise capital arm.

Reuters

Up to date On Feb 18, 2025 at 06:47 AM IST

Learn by: 100 Business Professionals

Learn by 100 Business Professionals

Bengaluru: Abridge, a startup that makes use of synthetic intelligence to construct medical paperwork, mentioned on Monday it raised $250 million in a funding round co-led by Elad Gil and IVP.

Buyers within the funding spherical included Lightspeed Enterprise Companions, CVS Well being Ventures, Redpoint Enterprise and NVentures – Nvidia’s enterprise capital arm.

AI startups captured a report 46.4per cent of the entire $209 billion raised by U.S. startups in 2024, in contrast with lower than 10per cent a decade earlier.

Abridge didn’t disclose the valuation at which the quantity was raised. The corporate was valued at $850 million after a funding spherical final 12 months, through which it had raised $150 million.

Pittsburgh-based Abridge, based in 2018, automates scientific notes and medical conversations for medical doctors, leveraging synthetic intelligence.

“AI may be transformative by abstracting away the complexity and guidelines round income cycle because it pertains to documentation, permitting clinicians to give attention to their sufferers whereas getting their documentation proper the primary time,” Somesh Sprint, Normal Accomplice at IVP, mentioned in a press release.

Abridge’s merchandise have been applied at about 100 healthcare techniques within the U.S., together with rural setups and kids’s hospitals.

The healthcare startup mentioned that the most recent funding will assist it develop AI capabilities and develop commercially.

(Reporting by Pritam Biswas in Bengaluru; Modifying by Susan Fenton)