A California-based health-tech-focused company, Hippocratic AI, has secured $137 million in Series A funding round to advance innovative technologies in healthcare in collaboration with NVIDIA.
Founded in 2023 by Munjal Shah, Alex Miller, and Saad Godil, the company is developing the first safety-centered LLM for the healthcare sector.
The company’s platform focuses on building safer generative artificial intelligence healthcare agents to improve global access to care and allow patients to access healthcare in the comfort of their homes.
Hippocratic AI’s extended series A round was backed by NVentures, Greycroft, and Leo Shapiro of 7Wire Ventures, General Catalyst, Premji Invest, Memorial Hermann Health System, and SV Angel.
The round was also supported by existing investors Andreessen Horowitz (a16z) Bio + Health, WellSpan Health, Universal Health Services (UHS), and Cincinnati Children’s, boosting the company’s valuation to $500 million.
Hippocratic AI’s partnership with NVIDIA allows it to leverage its cutting-edge technology and NVIDIA NIM services to scale up its platform to deliver long-context conversational capabilities with low latency.
Launched earlier this year at the NVIDIA GTC global AI conference, Hippocratic AI’s collaboration with NVIDIA covers multiple techniques designed for real-time long-conversational AI, including speculative decoding, prefix caching, and prefill/decode disaggregation.
Powered by NVIDIA’s high-tech technologies, Hippocratic AI advances medical specialization in large language models using customized automated speech recognition (ASR) tailored to meet the needs of patient-clinician conversations.
Kimberly Powell, vice president of healthcare at NVIDIA, says the generative AI will extend the healthcare sector’s ability to meet the growing demand for care.
