AI-powered note-taking startup Abridge raises $300 million at $5.3 billion valuation

AI-powered note-taking startup Abridge raises $300 million at $5.3 billion valuation | INFBusiness.com

Andreessen Horowitz led a Series E round for Pittsburgh-San Francisco startup Abridge, joined by Khosla Ventures.

Several well-funded startups have emerged that are trying to reduce physician burnout associated with record-keeping and other administrative duties.

“We’ve seen healthcare adopt generative AI-powered decisions faster than any other industry,” said Dr. Shiv Rao, CEO and co-founder of Abridge. His startup’s technology uses ambient listening technology to tune into conversations between doctors and patients and automatically transcribe notes, reducing the time doctors spend on administrative tasks after work.

According to Crunchbase, Abridge has raised a total of $757.5 million from investors.

Source: crunchbase

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