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 ).