Posted 2/23/2024, 5:15:00 AM
Medical Scribe Startup Abridge Raises $150M, Valued at $850M to Expand AI-Powered Software
- Abridge raised $150 million in a Series C round led by Lightspeed and Redpoint, valuing the company at $850 million
- Abridge makes AI-powered medical scribe software that automatically generates notes from doctor-patient exams
- The software aims to make notes more useful by extracting info for imaging, meds, etc. and prompting doctors on things they may have forgot to say
- Abridge is competing with Microsoft's Nuance but sees room for multiple players in automated medical scribing
- The funding will help Abridge boost sales and invest in improving the AI to make notes more complete and useful