OpenAI-backed healthcare AI startup raises $70 million Series B funding

admin
2 Min Read

Artificial intelligence startup Ambience Healthcare said Tuesday it raised $70 million in a Series B funding round to “give every healthcare worker AI superpowers.”

Existing investors Kleiner Perkins and the OpenAI Startup Fund led the San Francisco startup’s new funding round, with participation from Andreesen Horowitz and Optum Ventures. The round was pre-emptive, Ambience Healthcare CEO Mike Ng told Reuters.

Ambience Healthcare provides a set of software tools for hospitals and other healthcare organizations, powered by large language models, the same underlying technology behind Microsoft-backed OpenAI’s hit ChatGPT chatbot.

ChatGPT, which was released in late 2022, made generative AI a sensation with its ability to pen sonnets and write emails, but many believe its real economic value lies in enterprise applications like healthcare, finance and law. For instance, Google has released generative AI models dedicated to healthcare.

Ambience Healthcare’s flagship product, AutoScribe, is a real-time AI medical scribe used to generate medical notes. Other products assist in creating after-visit summaries, referrals to specialists and ensuring medical records correspond to billing codes.

The company’s cofounders declined to give specifics on what large language model provider they are using to power their solution. They did say they have customized, or “fine-tuned” their AI by medical specialty, so the product can cover a wide range of specialties and subspecialties.

Ambience Healthcare is currently deployed at organizations like University of California, San Francisco, John Muir Health and Memorial Hermann Health System, the company said.

Share This Article
By admin
test bio
Leave a comment