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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

Amount Raised

$53 Million

Round Type

Series A

Palo AltoHealth CareArtificial IntelligenceEducation

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.

Quick answer

Hippocratic AI raised $53 Million in a Series A round, dated March 18, 2024. Investors: Universal Health Services (Uhs), Well Span Health, Cincinnati Children’s, Andreessen Horowitz (a16z) Bio + Health, Memorial Hermann Health System, SV Angel, General Catalyst and Premji Invest. Hippocratic AI is based in Palo Alto, California, United States.

How much did Hippocratic AI raise?
Hippocratic AI raised $53 Million in a Series A round on March 18, 2024.
Who invested in Hippocratic AI?
Universal Health Services (Uhs), Well Span Health, Cincinnati Children’s, Andreessen Horowitz (a16z) Bio + Health, Memorial Hermann Health System, SV Angel, General Catalyst and Premji Invest are named as investors in this round.
What does Hippocratic AI do?
Hippocratic AI has developed a safety-focused Large Language Model (LLM) for healthcare.
Where is Hippocratic AI based and how big is it?
Hippocratic AI is based in Palo Alto, California, United States. Fundz records about 340 employees.
Who are the decision-makers at Hippocratic AI?
Fundz holds 2 contacts at Hippocratic AI, including the CEO & Co-founder. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Education and Health Care around the same time

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

  • AISAP raised $13M (Seed) on May 2, 2024.
  • Ikerian raised $6.2M (Series A) on May 2, 2024.
  • Ovom Care raised $5.2M (Seed) on April 30, 2024.
  • Infinitopes raised $17M (Seed) on April 30, 2024.
  • Trovo Health raised $15M (Seed) on April 30, 2024.
  • Klineo raised $2.2M (Seed) on April 29, 2024.

Who to call at Hippocratic AI, and when

A new round usually means Hippocratic AI is about to hire and buy. The teams that reach out first get the meeting.

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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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Related People

2 contacts
Verified contactsMunjal S., CEO & Co-founder hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Hippocratic AI 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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