Ambience Healthcare rakes in $70m to innovate AI solutions for healthcare efficiency

Ambience Healthcare, a trailblazer in developing an AI operating system tailored for healthcare organizations, has successfully completed a $70 million Series B financing round. This significant investment was co-led by Kleiner Perkins and the OpenAI Startup Fund, with continued support from existing investors Andreessen Horowitz and Optum Ventures. This funding milestone underscores the burgeoning interest and confidence in Ambience Healthcare’s innovative approach to integrating artificial intelligence within healthcare systems, aiming to enhance both clinician and patient experiences significantly.

The Series B funding announcement is a testament to Ambience Healthcare’s rapidly growing influence in the healthcare sector, marked by its expanding commercial footprint and partnerships with leading healthcare organizations, including UCSF, Memorial Hermann Health System, and The Oncology Institute, among others. Ambience Healthcare’s growth is propelled by its proven capacity to deliver clear financial returns on investment through rapid clinician adoption, top-tier performance, and seamless integrations with major electronic medical records (EMRs) systems such as Epic and Cerner.

Ambience Healthcare’s AI operating system offers a comprehensive suite of applications designed to reduce clinician burnout, streamline operational efficiencies, and facilitate high-quality care delivery. These innovative solutions include AutoScribe, a real-time AI medical scribe; AutoCDI, a clinical documentation improvement assistant; AutoRefer, an AI software for enhancing referral communications; AutoAVS, an after-visit summary tool; and the soon-to-be-released AutoPrep for intelligent pre-charting. Collectively, these applications are transforming healthcare documentation, reducing the time spent by an average of 78%, improving coding accuracy, and achieving substantial returns on investment for health systems.

Founded in 2020 by Mike Ng and Nikhil Buduma, Ambience Healthcare is headquartered in San Francisco, California. The company’s mission is to empower clinicians with cutting-edge generative AI technology, aiming to alleviate burnout, enhance system efficiency, and elevate the standard of care. With a total of $100 million raised from prestigious investors including Kleiner Perkins, OpenAI Startup Fund, and Andreessen Horowitz, Ambience Healthcare is poised to redefine the landscape of healthcare technology.