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Hippocratic AI raised $53M in Series A funding at a $500M valuation co-led by Premji Invest and General Catalyst to fund safety tests for their staffing marketplace for healthcare.

PRIVATEMar 18, 2024•about 2 years ago

Amount Raised

$53 Million

Round Type

series a

Palo AltoHealth CareArtificial Intelligence

Investors

Universal Health Services (Uhs)Well Span HealthCincinnati Children’sAndreessen Horowitz (A16z) Bio + HealthMemorial Hermann Health SystemSv AngelGeneral CatalystPremji Invest

Description

Hippocratic AI announced the closure of a $53 million Series A funding round at a $500 million valuation. The funding will be used to fund safety tests for their staffing marketplace for healthcare and further develop the product.

Company Information

Company

Hippocratic AI

Location

Palo Alto, California, United States

About

Hippocratic AI has developed a safety-focused Large Language Model (LLM) for healthcare. The company believes that a safe LLM can dramatically improve healthcare accessibility and health outcomes in the world by bringing deep healthcare expertise to every human. No other technology has the potential to have this level of global impact on health. The company was co-founded by CEO Munjal Shah, alongside a group of physicians, hospital administrators, healthcare professionals, and artificial intelligence researchers from El Camino Health, Johns Hopkins, Stanford, Microsoft, Google, and NVIDIA. Hippocratic AI has received a total of $278 million in funding and is backed by leading investors, including Andreessen Horowitz, General Catalyst, Kleiner Perkins, NVIDIA’s NVentures, Premji Invest, SV Angel, and six health systems.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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 FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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