Fundz

Augmedix Secures Strategic Financing From Hca Healthcare And Redmile Group

PRIVATEApr 20, 2023

Round Type

Funding Round

San FranciscoHealthcareFinancial ServicesFintechLendingHospitals and Health Care

Description

Augmedix Inc. (Nasdaq: AUGX), a healthcare technology company that delivers ambient medical documentation and data solutions to healthcare systems, physician practices, hospitals, and telemedicine practitioners, today announced that it has executed a strategic financing with HCA Healthcare, Inc. (NYSE: HCA), one of the nation's leading healthcare providers, and Redmile Group, LLC, a San Francisco-based institutional healthcare investor. The strategic financing provides Augmedix with approximately $12 million in new capital and is expected to enable the Company to achieve positive cash flow without additional financing.

Quick answer

Augmedix raised an undisclosed amount in a Funding Round round, dated April 20, 2023. Augmedix is based in San Francisco, California, United States.

How much did Augmedix raise?
Augmedix raised an undisclosed amount in a Funding Round round on April 20, 2023.
What does Augmedix do?
Augmedix (Nasdaq: AUGX) delivers industry-leading, ambient medical documentation and data solutions to healthcare systems, physician practices, hospitals, and telemedicine practitioners.
Where is Augmedix based and how big is it?
Augmedix is based in San Francisco, California, United States.
Who are the decision-makers at Augmedix?
Fundz holds 1 contact at Augmedix, including the Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare and Financial Services around the same time

Companies in the same sectors as Augmedix that raised within 45 days of this round, from Fundz verified event records.

  • Pagaya Technologies raised $75M on May 24, 2023.
  • Jia raised $4.3M (Seed) on May 17, 2023.
  • Streamex Corp. raised $3.7M (Seed) on May 16, 2023.
  • Finterest raised $120K (Seed) on May 10, 2023.
  • Hello Alice raised $3.6M (Seed) on May 8, 2023.
  • Setscale raised $70M (Seed) on May 4, 2023.

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Company Information

Company

Augmedix

Location

1161 MISSION STREET

San Francisco, California, United States

About

Augmedix (Nasdaq: AUGX) delivers industry-leading, ambient medical documentation and data solutions to healthcare systems, physician practices, hospitals, and telemedicine practitioners. Augmedix is on a mission to help clinicians and patients form a human connection at the point of care with seamless technology. Augmedix’s proprietary Notebuilder Platform extracts relevant data from natural clinician-patient conversations and converts that data into medical notes in real time, which are seamlessly transferred to the EHR. The company’s platform uses Automatic Speech Recognition, Natural Language Processing including Large Language Models, and medical documentation specialists to generate accurate and timely medical notes. Leveraging this platform, Augmedix’s products relieve clinicians of administrative burden, in turn, reducing burnout and increasing both clinician and patient satisfaction. Augmedix is also leading the revolution in leveraging point-of-care data by making connections between millions of clinician-patient interactions and analyzing them to deliver actionable insights that elevate patient care. Augmedix saves clinicians up to 3 hours per day, improves productivity by as much as 20%, and increases satisfaction with work-life balance by over 40%. Augmedix is headquartered in San Francisco, CA, with offices around the world. To learn more, visit www.augmedix.com.

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Related People

1 contact
Verified contactsSandra B., Executive Officer hiddenSee plans and pricing
Predictive Intelligence
Strategic

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Augmedix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.