Ambience Healthcare, a startup bridging artificial intelligence and healthcare, has secured $70 million in funding to bolster its innovative “operating system” for healthcare organizations.
Ambience Healthcare’s mission is to help clinicians use generative AI technology.
They partner with healthcare systems and organizations across North America to reduce clinician burnout, improve system efficiency, and enable high-quality care.
This system aids clinicians in managing extensive administrative tasks, with a current focus on ambulatory specialties like cardiology, oncology, and pediatrics in the US.
While Ambience hasn’t disclosed its customer count or data usage, prominent users include UCSF and Memorial Hermann Health System.
The Series B funding round is led by Kleiner Perkins and OpenAI’s Startup Fund, along with participation from Andreessen Horowitz and Optum Ventures.
This investment underscores a strategic alliance between Kleiner Perkins and OpenAI, as they’ve jointly invested in other AI startups.
Ambiance’s total funding now stands at $100 million, with a valuation estimated at $126 million post-Series A in 2022.
Founded in 2020 by Michael Ng and Nikhil Buduma who met at MIT, Ambience Healthcare addresses the administrative burdens faced by clinicians, streamlining processes to enhance patient care.
Its suite of products includes AutoScribe for note generation, AutoCDI for code analysis, AutoRefer for specialist handoffs, and AutoAVS for visit summaries.
While Ambience hasn’t disclosed its technology stack, its partnership with OpenAI suggests collaboration on AI models.
Despite a crowded market in healthcare-oriented AI, with competitors like Corti and Nabla, Ambience’s business model seems to be garnering attention, positioning it as a frontrunner in leveraging AI to revolutionize healthcare.