Abridge, a Pittsburgh, Pennsylvania-based leader in medical conversation AI, announced that it secured an oversubscribed $12.5 million in Series A-1 funding.
The round was Led by Wittington Ventures, with participation from all existing investors including Union Square Ventures, Bessemer Venture Partners, Pillar Venture Capital, and UPMC Enterprises, and new investors including Turing Award winner Yoshua Bengio, and Whistler Capital.
The new funds bring Abridge’s total to $27 million and will contribute to growing its team and expanding its research and development to further improve and automate document workflows.
Company: Abridge AI Inc.
Raised: $12.5M
Round: Series A
Funding Month: Aug 2022
Lead Investors: Wittington Ventures
Additional Investors: Union Square Ventures, Bessemer Venture Partners, Pillar Venture Capital, UPMC Enterprises, Yoshua Bengio, and Whistler Capital
Company Website: https://www.abridge.com/
Software Category: Medical conversation AI
About the Company: Abridge is the leader in medical conversation AI that helps providers & patients follow through with the next step. Abridge’s enterprise-focused documentation solutions seamlessly structure and summarize information from any medical conversation, making it easier for systems to reduce provider burnout. Abridge’s technology is powered by industry-leading R&D, as evidenced by their depth of peer-reviewed publications in medical conversation AI and user experience design. The company’s audio and ambient AI-centered solutions help clinicians practice at the top of their license and patients stay on top of their health.
Source: https://www.businesswire.com/news/home/20220811005153/en/Abridge-Secures-12.5M-in-Funding-and-Launches-Enterprise-Solution-to-Combat-Physician-Burnout-in-Healthcare-and-Help-Patients-Stay-on-Top-of-Their-Health