Abridge

Abridge

AI platform for clinical documentation automation

About Abridge

Simplify's Rating
Why Abridge is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Series E

Total Funding

$757.5M

Headquarters

Pittsburgh, Pennsylvania

Founded

2018

Overview

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.

📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Abridge raised $300 million, valuing the company at $5.3 billion.
  • Partnerships with Sharp HealthCare and Mayo Clinic enhance clinical documentation and nursing workflows.
  • Integration with telehealth platforms could enhance remote patient care and communication.

What critics are saying

  • Increased competition from AI-driven medical transcription companies threatens market share.
  • Potential data privacy concerns with sensitive patient information being processed and stored.
  • Regulatory changes in AI healthcare could increase operational costs and complexity.

What makes Abridge unique

  • Abridge transforms medical conversations into actionable clinical documentation using AI.
  • The platform reduces clinician burnout by up to 70%, enhancing provider efficiency.
  • Abridge's Contextual Reasoning Engine generates compliant, structured, and billable notes in real-time.

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Funding

Total Funding

$757.5M

Above

Industry Average

Funded Over

5 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$250M
Reddit
$300M
Abridge
$1250M
Epic Games
$1500M
Airbnb

Benefits

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

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

1%

2 year growth

5%
DataPhoenix
Jul 4th, 2025
Abridge raises $300M to enhance AI documentation

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.

Abridge
Jun 20th, 2025
Join Abridge at the HFMA Annual Conference

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.

Tech in Asia
Jun 1st, 2025
A16z in deal talks to value healthcare AI startup at $5.3b

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.

Bloomberg Law
May 30th, 2025
Abridge AI Raises $300M, Valued $5.3B

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.

TradingView
May 20th, 2025
Abridge in Talks for $5B Valuation

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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