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Industries
AI & Machine Learning
Healthcare
Company Size
201-500
Company Stage
Series E
Total Funding
$757.5M
Headquarters
Pittsburgh, Pennsylvania
Founded
2018
Abridge provides a platform that uses artificial intelligence to convert medical conversations into structured clinical documentation. This allows healthcare providers to record patient visits, which are then transformed into organized documents that can be easily accessed and utilized. By automating the documentation process, Abridge helps clinicians save time, enabling them to concentrate more on patient care rather than paperwork. Unlike many competitors, Abridge specifically targets healthcare providers, payers, and pharmaceutical companies, focusing on improving efficiency and patient outcomes through streamlined documentation. The company's goal is to enhance the quality of healthcare delivery by making clinical documentation more efficient and accessible.
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Total Funding
$757.5M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Medical insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Equity
Flexible Spending (FSA) & Health Savings (HSA) Accounts
Learning and Development budget
401k Plan
Paid Parental Leave
Flexible working hours
Home Office Budget
Sabbatical Leave
Abridge raised $300 million in Series E funding led by Andreessen Horowitz, with Khosla Ventures participating, to enhance its AI platform that transforms medical conversations into real-time documentation. Serving over 150 health systems, Abridge reduces clinician burnout by up to 70% and processes over 50 million conversations annually. The platform integrates revenue cycle intelligence into clinical interactions, improving efficiency and allowing doctors to focus on patient care.
Join Abridge at the HFMA annual conference in denver june 22-25 to learn about the next phase of RCM, automating more of what happens behind the scenes and enabling teams to operate with unparalleled efficiency.
Pittsburgh-based startup Abridge AI Inc., which specializes in AI-driven medical transcription, is reportedly raising US$300 million in a funding round led by Andreessen Horowitz.
Andreessen Horowitz is leading a new funding round for Abridge AI Inc., raising $300 million and valuing the company at $5.3 billion. This nearly doubles Abridge's valuation from a few months ago, highlighting the tech industry's interest in AI software for healthcare efficiency. In February, Abridge raised $250 million.
Healthcare startup Abridge is reportedly in discussions to raise funds at a valuation of $5 billion, according to The Information. Note that Reuters has not verified the accuracy of this story.
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Industries
AI & Machine Learning
Healthcare
Company Size
201-500
Company Stage
Series E
Total Funding
$757.5M
Headquarters
Pittsburgh, Pennsylvania
Founded
2018
Find jobs on Simplify and start your career today