The company was founded by Michael Ng and Nikhil Buduma, who met at MIT and had previously co-founded a medical startup, Remedy Health. Ambience Healthcare does not disclose its customer count or the amount of data processed on its platform, but its disclosed customers include UCSF, Memorial Hermann Health System, and John Muir Health, among others. The company has raised a total of $100 million to date and is estimated to be valued at $126 million post-money.
Key takeaways:
- Ambience Healthcare, a startup that has developed an “operating system” for healthcare organizations to help clinicians with administrative work, has raised $70 million to expand its business.
- The company's products include AutoScribe, AutoCDI, AutoRefer, AutoAVS, and the soon-to-launch AutoPrep, all aimed at improving administrative efficiency in healthcare settings.
- Despite not disclosing its customer base or the amount of data processed, Ambience Healthcare has attracted significant investors including Kleiner Perkins and OpenAI’s Startup Fund, Andreessen Horowitz, and Optum Ventures.
- The healthcare AI space is crowded and competitive, with other companies like Corti and Nabla also raising significant funding, but Ambience Healthcare's focus on administrative tasks sets it apart.