Suki, a Redwood City CA-based artificial intelligence (AI) powered health care technology company, raised $55 million in Series C funding.
The round was led by March Capital, with participation from Philips Ventures, Venrock, Flare Capital, Breyer Capital, inHelth Ventures, Gaingels Group, Pankaj Patel (ex-Chief Development Officer of Cisco), Andrew Deutsch (CEO of RIMA Radiology), and Russell Farscht.
Suki will put this money toward strategic investments that will help it grow its user base by forging new and current connections with top health systems and physician groups, as well as supporting employee growth and development.
In addition, Suki will advance the AI capabilities of Suki Assistant, its voice-enabled digital assistant, and Suki Speech Platform, its proprietary voice platform, as well as add new features that streamline documentation, coding, and other administrative tasks for physicians.
Company: Suki AI, Inc.
Round: Series C
Funding Month: December 2021
Lead Investors: March Capital
Additional Investors: Philips Ventures, Venrock, Flare Capital, Breyer Capital, inHelth Ventures, Gaingels Group, Pankaj Patel, Andrew Deutsch, and Russell Farscht
Company Website: https://www.suki.ai/
Software Category: AI-powered voice solutions for healthcare
About the Company: Suki is a leading technology company that provides AI-powered voice solutions for healthcare. Powered by artificial intelligence, Suki uses natural language processing and machine learning to create clinically accurate medical notes and streamline administrative tasks, such as retrieving patient information from the electronic health record (EHR) or ICD-10 coding. Its mission is to reimagine the healthcare tech stack, making it invisible and assistive to lift the administrative burden from physicians. Its flagship product is Suki Assistant, an AI-powered, voice-enabled digital assistant that helps physicians’ complete documentation and other administrative tasks 76% faster on average. Suki also offers its proprietary voice platform, Suki Speech Service, to partners who want to create a best-in-class voice experience for their solutions. Suki Speech Service uses the latest in natural language processing and machine learning to provide industry-leading accuracy and natural and fast voice experience.