Three months ago, startup Hippocratic AI released its first commercial product, a generative AI-based, task-specific healthcare agent.
It also unveiled a collaboration with Nvidia in March to develop large language models for healthcare.
The AI chipmaker has now progressed from being a partner to an investor. Nvidia's venture capital arm, NVentures, along with Greycroft and Lee Shapiro of 7Wire Ventures, backed a $17 million investment as an add-on to Hippocratic AI's recently closed extended Series A round.
The startup has raised $137 million to date, after banking $53 million in series A funding in March.
The first close of the Series A round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS). That series A round boosted Hippocratic AI's valuation to $500 million.
“Generative AI will expand the healthcare industry and its ability to serve the growing demands of patient care, and Hippocratic AI is putting the technology to work to increase access to healthcare,” said Kimberly Powell, vice president of healthcare at Nvidia in a statement. “The company’s safety-focused approach uses advanced Nvidia technologies to make personalized, real-time patient interactions more natural and capable, helping build trust among patients and clinicians alike.”
Munjal Shah, a serial entrepreneur, founded Hippocratic AI along with a group of physicians, hospital administrators, healthcare professionals and artificial intelligence researchers from El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google, and Nvidia.
"I think this marks the first healthcare investment Nvidia has made that's not a biotech or a pharma investment. We partnered with them five months ago to really bring generative AI to healthcare. It can have a very big impact on healthcare, but they wanted to ensure it was safe, and that's why they partnered with us," Shah told Fierce Healthcare in an interview.
Source : Fierce Healthcare
#healthcarestartup #startup #funding
It also unveiled a collaboration with Nvidia in March to develop large language models for healthcare.
The AI chipmaker has now progressed from being a partner to an investor. Nvidia's venture capital arm, NVentures, along with Greycroft and Lee Shapiro of 7Wire Ventures, backed a $17 million investment as an add-on to Hippocratic AI's recently closed extended Series A round.
The startup has raised $137 million to date, after banking $53 million in series A funding in March.
The first close of the Series A round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS). That series A round boosted Hippocratic AI's valuation to $500 million.
“Generative AI will expand the healthcare industry and its ability to serve the growing demands of patient care, and Hippocratic AI is putting the technology to work to increase access to healthcare,” said Kimberly Powell, vice president of healthcare at Nvidia in a statement. “The company’s safety-focused approach uses advanced Nvidia technologies to make personalized, real-time patient interactions more natural and capable, helping build trust among patients and clinicians alike.”
Munjal Shah, a serial entrepreneur, founded Hippocratic AI along with a group of physicians, hospital administrators, healthcare professionals and artificial intelligence researchers from El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google, and Nvidia.
"I think this marks the first healthcare investment Nvidia has made that's not a biotech or a pharma investment. We partnered with them five months ago to really bring generative AI to healthcare. It can have a very big impact on healthcare, but they wanted to ensure it was safe, and that's why they partnered with us," Shah told Fierce Healthcare in an interview.
Source : Fierce Healthcare
#healthcarestartup #startup #funding
Three months ago, startup Hippocratic AI released its first commercial product, a generative AI-based, task-specific healthcare agent.
It also unveiled a collaboration with Nvidia in March to develop large language models for healthcare.
The AI chipmaker has now progressed from being a partner to an investor. Nvidia's venture capital arm, NVentures, along with Greycroft and Lee Shapiro of 7Wire Ventures, backed a $17 million investment as an add-on to Hippocratic AI's recently closed extended Series A round.
The startup has raised $137 million to date, after banking $53 million in series A funding in March.
The first close of the Series A round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS). That series A round boosted Hippocratic AI's valuation to $500 million.
“Generative AI will expand the healthcare industry and its ability to serve the growing demands of patient care, and Hippocratic AI is putting the technology to work to increase access to healthcare,” said Kimberly Powell, vice president of healthcare at Nvidia in a statement. “The company’s safety-focused approach uses advanced Nvidia technologies to make personalized, real-time patient interactions more natural and capable, helping build trust among patients and clinicians alike.”
Munjal Shah, a serial entrepreneur, founded Hippocratic AI along with a group of physicians, hospital administrators, healthcare professionals and artificial intelligence researchers from El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google, and Nvidia.
"I think this marks the first healthcare investment Nvidia has made that's not a biotech or a pharma investment. We partnered with them five months ago to really bring generative AI to healthcare. It can have a very big impact on healthcare, but they wanted to ensure it was safe, and that's why they partnered with us," Shah told Fierce Healthcare in an interview.
Source : Fierce Healthcare
#healthcarestartup #startup #funding
