Hippocratic AI startup raises $141 million to create AI agents for patient interaction

Hippocratic AI, a startup developing AI solutions for non-diagnostic tasks in patient interactions, has secured a substantial Series B funding round of $141 million, valuing the company at $1.64 billion.

This funding comes just nine months after Hippocratic AI raised $53 million from General Catalyst and Andreessen Horowitz, and five months after receiving $17 million from Nvidia. Notably, the startup has been in existence for less than two years.

Unlike most companies in the generative AI for healthcare space, which focus on reducing administrative burdens, Hippocratic AI aims to address the shortage of medical professionals. The startup is building agents capable of performing simple tasks such as conducting pre-operative procedures, remote patient monitoring, and preparing for medical appointments.

In 2024, the company signed contracts with 23 healthcare systems and insurance companies. The raised funds will be used to expand the product into new markets, including international ones.

Source: TechCrunch