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 Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Series D

Total Funding

$445M

Headquarters

Pittsburgh, Pennsylvania

Founded

2018

Overview

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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Simplify's Take

What believers are saying

  • Abridge raised $250M in Series D, boosting its valuation to $2.75 billion.
  • The platform's expansion into emergency medicine addresses high burnout rates in this specialty.
  • Abridge's multilingual support enhances accessibility for diverse patient populations.

What critics are saying

  • Over-reliance on large clients like Tanner Health System poses financial risks.
  • Rapid expansion with systems like UNC Health may strain resources and cause disruptions.
  • The competitive landscape in AI clinical documentation could erode Abridge's market share.

What makes Abridge unique

  • Abridge offers AI-powered solutions for transforming medical conversations into clinical documentation.
  • The platform reduces clinician burnout by automating documentation tasks, enhancing patient care.
  • Abridge's technology integrates seamlessly with major EHR systems, optimizing provider efficiency.

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Funding

Total Funding

$445M

Above

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$250M
Abridge

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

↑ 1%

1 year growth

↓ -3%

2 year growth

↓ -2%
Technical.ly
Feb 19th, 2025
Abridge raises $250M in Pittsburgh boom

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.

Business Wire
Feb 18th, 2025
Abridge Announces $250M Series D Investment and New Contextual Reasoning Engine to Streamline Clinical and Financial Workflows at the Point of Care

Abridge, the leading generative AI platform for clinical conversations, has raised a $250 million Series D investment, coinciding with the milestone o

Hit Consultant
Feb 18th, 2025
Abridge Wins Inaugural Chime And Klas Trailblazer Award For Healthcare Ai Innovation

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

Fortune
Feb 17th, 2025
Exclusive: Abridge raises $250 million Series D led by Elad Gil and IVP

Abridge, a healthcare AI startup, recently raised a $250 million Series D, Fortune has exclusively confirmed.

Hit Consultant
Feb 17th, 2025
Abridge Raises $250M to Advance AI-Powered Clinical Documentation

- 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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