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Hippocratic AI valued at $1.64 billion after series B round
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Hippocratic AI valued at $1.64 billion after series B round
Jan 9, 2025 9:52 AM

Jan 9 (Reuters) - Hippocratic AI notched a valuation of

$1.64 billion after its latest fund raise led by Kleiner

Perkins, the VC firm that backed Google, Amazon ( AMZN ), and

Genentech as AI funding thrives.

The company said on Thursday it had raised $141 million in a

series B funding round, which brings its total raise to $278

million in funding.

Kleiner was joined by existing investors A16z, General

Catalyst, Premji, NVIDIA ( NVDA ), SV Angel, Universal Health Services ( UHS )

, and WellSpan Health.

Technology-focused startups have been able to secure a chunk

of investments following a boom in artificial intelligence after

the launch of Open AI's ChatGPT in 2022.

Hippocratic AI was co-founded by CEO Munjal Shah alongside a

group of physicians, hospital administrators, healthcare

professionals, and artificial intelligence researchers from El

Camino Health, Johns Hopkins, Stanford, Microsoft ( MSFT ),

Google, and NVIDIA ( NVDA ).

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