In just 4 months, AI medical scribe Abridge doubles valuation to $5.3B
In Brief
Abridge, an AI startup automating medical notes, has secured a $300 million Series E at a $5.3 billion valuation, according to the Wall Street Journal. The round, led by Andreessen Horowitz with participation from Khosla Ventures, follows the company's $250 million February fundraise at a $2.75 billion valuation.
The seven-year-old Abridge is widely considered to be the leader in the increasingly crowded AI-powered medical scribe market, largely due to its early entry and integration with Epic Systems, the dominant health record software.
In Q1, Abridge has reached $117 million in contracted annual recurring revenue (a metric that includes all signed recurring contacts, including from customers that have still not been onboarded,) The Information reported last month.
Along with the fundraise, Abridge announced that it is expanding into converting medical notes from patient appointments into AI-powered medical codes, an offering that makes the company directly competitive with startups like CodaMetrix and a feature from its partner Epic Systems.
Abridge, which was founded by cardiologist Shiv Rao, claims that its AI scribe technology is used by over 150 of the largest health systems in the US.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
Town offices in Palm Beach will close for July 4th; golf, tennis centers will be open
Town offices will be closed July 4 in observance of Independence Day. No construction or landscaping work will be allowed, but some recreation facilities will be open, the town said in an alert. Lifeguards will staff town beaches from 9 a.m. to 5 p.m. The Par 3 Golf Course will be open from 7 a.m. to 6 p.m., the Seaview Tennis Center from 7:30 a.m. to 3:30 p.m., and the marina from 8 a.m. to 5 p.m. The Mandel Recreation Center will be closed, and the tennis courts at Phipps Ocean Park remain closed for the park's ongoing $31 million redevelopment project. Residential service: There will be residential recycling collection service only for residences on Seaspray Avenue south to Old South Ocean Boulevard. No other residential areas will be serviced. Commercial garbage service: Service as usual Commercial recycling service: No service Yard trash collection: The routes for Tuesday and Wednesday will be collected June 30 and July 1, Wednesday and Thursday will be collected July 2, and Thursday and Friday will be collected July 3. There is no service July 4. Monday stash areas will be serviced throughout the week during residential service. Parking rules remain unchanged for the holiday. West Palm Beach's 37th annual "4th on Flagler" event will include an 18-minute FPL fireworks display over the Intracoastal Waterway, scheduled to begin at 9 p.m. For information, visit Jodie Wagner is a journalist at the Palm Beach Daily News, part of the USA TODAY Florida Network. You can reach her at jwagner@ Help support our journalism. Subscribe today. This article originally appeared on Palm Beach Daily News: Palm Beach town offices to close July 4; golf, tennis centers will open
Yahoo
11 minutes ago
- Yahoo
New car wash may be coming to Middlesex County
SOUTH BRUNSWICK - A car wash may be coming to a vacant gas station and convenience store site on Route 1. Spark Car Wash, which leases the property at 3703 Route 1, is seeking township approval to build an approximately 4,841-square-foot automated car wash with a drive through lane, 22 vacuum parking spaces, four employee parking spaces and signage at the site. The approximately 1.47-acre property has driveway access to both Route 1 and Finnegans Lane. According to its website, Spark has multiple locations in New Jersey, with only one in Central Jersey in Woodbridge. However, the company has plans to open in Piscataway, Flemington, North Brunswick and Linden. Spark Car Wash, founded in 2018, "provides an energizing car wash experience that is both effective and efficient," according to a company press release. More: South Brunswick Police Department announces 2025 award recipients In 2023, Spark raised $30 million in private equity for expansion. The public hearing on the proposal is scheduled for the 7:30 p.m. July 17 Zoning Board meeting at the municipal building. Variances are required for minimum lot size, setbacks from Route 1 and Finnegans Lane, landscaping setback and signs. Email: sloyer@ Susan Loyer covers Middlesex County and more for To get unlimited access to her work, please subscribe or activate your digital account today. This article originally appeared on Spark Car Wash proposed for Route 1, South Brunswick
Bloomberg
16 minutes ago
- Bloomberg
Tariffs Threaten Fed With a Real Inflation Headache, BIS Says
Resurgent US inflation could unfold as the world economy reels from Donald Trump's disruptive trade policies, the Bank for International Settlements warned. That bleak scenario was described by General Manager Agustin Carstens, presenting an annual report that catalogued how existing global vulnerabilities have been further exposed by the American president's actions since taking office in January.
