Ambience Healthcare, an artificial intelligence startup, announced Tuesday that it had raised $70 million in a Series B fundraising round to "give every healthcare worker AI superpowers."
The San Francisco startup's fresh investment round was led by existing investors Kleiner Perkins and the OpenAI Startup Fund, with participation from Andreesen Horowitz and Optum Ventures. According to Mike Ng, CEO of Ambience Healthcare, the funding was preventative.
OpenAI backs the healthcare business
Backed by Microsoft, Ambience Healthcare offers a suite of software tools for hospitals and other healthcare organizations that are based on massive language models—the same technology that powers OpenAI's popular ChatGPT chatbot.
Image Source: Reuters
Though many think that generative AI's true economic worth resides in enterprise applications like healthcare, banking, and law, ChatGPT, released in late 2022, made generative AI a sensation with its capacity to generate emails and sonnets. Google, for example, has produced generative AI models specifically for the medical field.
The main offering from Ambience Healthcare is AutoScribe, a real-time AI medical scribe that creates notes for patients. Additional tools help with making specialist recommendations, after-visit summaries, and ensuring that billing codes match medical data.
The business co-founders declined to comment on the exact huge language model provider that powers their system. They did state that for the solution to cover a broad range of specialities and subspecialties, they have "fine-tuned" or customized their AI according to medical specialization.
According to the firm, Ambience Healthcare is currently in use at institutions like Memorial Hermann Health System, John Muir Health, and the University of California, San Francisco.
Image Source: X(Twitter)/ multiple sources
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