AI Note-Taking Startup Abridge Raises $300M As Tech To Reduce Physician Burnout Gains Traction

Abridge, a startup that offers an AI note-taking tool for doctors, raised $300 million at a $5.3 billion valuation, according to The Wall Street Journal.

Andreessen Horowitz led the Series E round for the Pittsburgh- and San Francisco-based startup, with Khosla Ventures joining.

Several well-funded startups have emerged to try to reduce the doctor burnout associated with note-taking and other administrative duties.

“We’ve seen healthcare take up generative AI-centered solutions faster than any other industry,” Abridge CEO and co-founder Dr. Shiv Rao told the Journal. His startup’s technology works by using ambient-listening technology to tune into conversations between doctors and patients and automatically transcribe notes, reducing the after-hours time physicians spend on administrative tasks.

Along with Abridge — which has now raised $757.5 million total from investors, per Crunchbase — other well-funded startups in the AI healthcare documentation space include:

Nabla, which has a note-taking AI copilot for doctors and other medical staff earlier this month raised $70 million in Series C funding, bringing its total raised to $114.7 million;
CodaMetrix, an AI-driven medical coding platform that has raised $95 million in total funding;
Regard, another AI-driven physician note-taking tool that has raised more than $81.42 million; and
Freed, an AI clinician assistant designed to reduce time spent by health care professionals on documentation that has raised $30 million over time.