Healthcare startup Abridge raises $250 million to enhance AI capabilities

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Abridge, a startup that uses artificial intelligence to build medical documents, said on Monday it raised $250 million in a funding round co-led by Elad Gil and IVP.

Investors in the funding round included Lightspeed Venture Partners, CVS Health Ventures, Redpoint Venture and NVentures – Nvidia‘s venture capital arm.

AI startups captured a record 46.4% of the total $209 billion raised by US startups in 2024, compared with less than 10% a decade earlier.

Abridge did not disclose the valuation at which the amount was raised. The company was valued at…



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Healthcare startup Abridge raises $250 million to enhance AI capabilities


Abridge, a startup that uses artificial intelligence to build medical documents, said on Monday it raised $250 million in a funding round co-led by Elad Gil and IVP.

Investors in the funding round included Lightspeed Venture Partners, CVS Health Ventures, Redpoint Venture and NVentures – Nvidia‘s venture capital arm.

AI startups captured a record 46.4% of the total $209 billion raised by US startups in 2024, compared with less than 10% a decade earlier.

Abridge did not disclose the valuation at which the amount was raised. The company was valued at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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