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Industries
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series D
Total Funding
$445M
Headquarters
Pittsburgh, Pennsylvania
Founded
2018
Abridge provides a platform that changes how medical conversations are documented in healthcare settings. Its main product allows healthcare providers to record patient visits, which are then transformed into organized clinical documents. This helps doctors and other healthcare professionals save time on paperwork, allowing them to concentrate more on caring for their patients. Abridge stands out from its competitors by focusing specifically on improving the efficiency of clinical documentation through AI technology. The goal of Abridge is to enhance patient care and streamline the documentation process for healthcare providers, ultimately leading to better health outcomes.
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Total Funding
$445M
Above
Industry Average
Funded Over
4 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
AI-powered health tech startup Abridge raised $250 million in a Series D round, boosting its valuation to $2.75 billion. This highlights Pittsburgh's growing healthtech scene, with a 70% increase in life sciences deals since 2018. Despite challenges like regulatory hurdles, Pittsburgh's academic and healthcare strengths offer unique advantages. The region's life sciences industry generated $3.4 billion in 2023, with major investments often coming from outside the area.
Abridge, the leading generative AI platform for clinical conversations, has raised a $250 million Series D investment, coinciding with the milestone o
What You Should Know:– Abridge, a provider of generative AI solutions for healthcare, today received the first annual Trailblazer award from the College of Healthcare Information Management Executives (CHIME) and KLAS Research.– The prestigious award recognizes vendors that demonstrate exceptional leadership and transformative innovation in healthcare.Abridge was honored for its groundbreaking AI platform that streamlines clinical documentation, reduces clinician burnout, and improves patient care. The company’s ambient AI technology captures and transcribes medical conversations, generating comprehensive and accurate clinical notes. This reduces administrative burden on clinicians, allowing them to focus more on patient interaction and delivering high-quality care.Key Factors in Abridge’s Selection:Outstanding KLAS Performance: Abridge achieved the highest KLAS score among eligible vendors, demonstrating exceptional customer satisfaction and performance.Abridge achieved the highest KLAS score among eligible vendors, demonstrating exceptional customer satisfaction and performance. Meaningful Client Feedback: Clients praised Abridge’s platform for its ease of use, accuracy, and positive impact on workflows and patient care.Clients praised Abridge’s platform for its ease of use, accuracy, and positive impact on workflows and patient care. Industry Impact: Abridge’s innovative technology is transforming clinical documentation and addressing the critical challenge of clinician burnout.Abridge’s innovative technology is transforming clinical documentation and addressing the critical challenge of clinician burnout. Serving Complex Health Systems: Abridge’s platform is deployed at some of the largest and most complex healthcare systems in the United States.“We depend on trailblazers to advance healthcare in ways we didn’t think possible,” said Gale
Abridge, a healthcare AI startup, recently raised a $250 million Series D, Fortune has exclusively confirmed.
- Abridge, a provider of generative AI solutions for healthcare, today announced a $250M Series D funding round, bringing its total capital raised to over $425M.
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Industries
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series D
Total Funding
$445M
Headquarters
Pittsburgh, Pennsylvania
Founded
2018
Find jobs on Simplify and start your career today