In just four months, AI Medical Scribe Abridge doubles its rating to $5.3 billion

Appridge, an AI Startup Automated Medicine NotesAccording to the company, it secured a $300 million Series E at a valuation of $5.3 billion. Wall Street Journal. The round led by Andreessen Horowitz with participation from Khosla Ventures follows the company’s $250 million February funding valuation of $2.75 billion.

The 7-year-old Appridge is widely considered to be a leader in the increasingly crowded AI-driven medical writing market, primarily due to its early entry. and integration with Epic Systems, the dominant health record software.

In the first quarter, Abridge reached $117 million in annual recurring revenues contracted (metrics containing all signed recurring contacts from customers that have not yet been onboarded) Reported information last month.

In addition to fundraising, Abridge has announced it will expand from patient appointments to conversion of medical notes into AI-driven medical codes. Epic System.

Founded by cardiologist Shiv Rao, Abridge has the AI ​​Scribe technology. Used on over 150 of the largest medical system in the United States.