Hippocratic AI Raised $53M in Series A Funding to Enhance Healthcare with Safe AI Solutions
Hippocratic AI is at the forefront of integrating AI safely into healthcare.
Company Name: Hippocratic AI
Location: Palo Alto, CA
Sector: Healthcare AI
Funding Details: Closed a $53m Series A funding round at a $500m valuation. Total funding now at $120m. The round was co-led by Premji Invest and General Catalyst, with participation from SV Angel, Memorial Hermann Health System, and existing investors.
Purpose of Investment: To fund phase three safety testing of their first product—a staffing marketplace for healthcare—and further product development.
Leadership: CEO Munjal Shah
Product: Hippocratic AI is focused on creating a safety-first Large Language Model (LLM) for healthcare. Its first product aims to address the healthcare workforce shortage by enabling health systems and others to "hire" generative AI agents for low-risk, non-diagnostic, patient-facing tasks.
About Company: Hippocratic AI is at the forefront of integrating AI safely into healthcare. By developing a Large Language Model specifically for healthcare applications, the company seeks to mitigate the shortage of healthcare professionals globally. With its innovative staffing marketplace, Hippocratic AI allows healthcare systems and others to utilize AI agents for tasks typically assigned to nurses, social workers, and nutritionists, promising a significant impact on healthcare delivery and efficiency.