Hippocratic AI Bags $141 Mn In Series B Funding

Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, has raised $141 million in its series B funding round, bringing its valuation to $1.64 billion.  

The funding round led by Kleiner Perkins, a venerated VC firm that backed Amazon, Genentech and Google. Existing investors SV Angel, Premji, General Catalyst, a16z, NVIDIA, Universal Health Services and WellSpan Health also participated in this round. 

The company plans to use the funds to expand into new markets like pharmaceuticals and the payor sector, as well as into new regions such as EMEA, Latam and Southeast Asia.

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Munjal Shah, cofounder and CEO of Hippocratic AI, said, “Since the founding of Hippocratic AI, we have believed that the best way to build safe and effective AI is through close collaboration with those delivering care. Until now, this collaboration has primarily been with health systems and payors. Today, with the launch of our AI Agent App Store, we are also directly engaging licensed US clinicians to harness the power of AI. We truly believe that clinicians know best.” 

The company says its offering allows clinicians to directly contribute to creating AI solutions. The agent takes under 30 minutes to set up and is safety-tested by both the creator and Hippocratic AI staff.

About Hippocratic AI

Hippocratic AI, based in Palo Alto, California, was founded in 2023 by CEO Munjal Shah along with a team of physicians, hospital administrators, healthcare professionals, and AI researchers from El Camino Health, Johns Hopkins, Stanford, Microsoft, Google, and NVIDIA. 

The company's generative AI solution focuses on non-diagnostic healthcare tasks like medication onboarding, monthly reconciliation, answering hospital and payor policy questions, and assisting with EHR.

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