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  • February 7, 2024
  • Sayana Chandran
Ambience Healthcare Secures $70M Funding Led by OpenAI and Kleiner Perkins for AI Assistant Expansion

Ambience Healthcare, a pioneering force at the intersection of artificial intelligence and healthcare, has clinched a substantial $70 million in funding to propel its innovative AI-driven solutions. Spearheaded by OpenAI and Kleiner Perkins, this funding round underscores the escalating significance of AI in revolutionizing healthcare operations. Ambience Healthcare has crafted what it terms an "operating system" tailored for healthcare entities, aimed at easing the formidable administrative burden that clinicians grapple with daily. The infusion of capital will fuel the expansion of Ambience's operations, currently concentrated in the U.S., catering to a spectrum of ambulatory specialties including cardiology, oncology, pediatrics, and ENT.

While Ambience remains discreet about its customer base and data utilization metrics, disclosed clients encompass esteemed institutions such as UCSF, Memorial Hermann Health System, and John Muir Health. The robust backing from investors like Andreessen Horowitz and Optum Ventures, in addition to the co-leading entities, underscores the profound traction Ambience has garnered within the healthcare landscape. This Series B funding catapults Ambience's total funds raised to an impressive $100 million, amplifying its capability to pioneer transformative AI solutions in healthcare delivery.

Ambience Healthcare's genesis traces back to the serendipitous convergence of its co-founders, Michael Ng and Nikhil Buduma, at MIT. Endowed with firsthand encounters with medical adversities, the duo embarked on a mission to address the intricacies of patient care and clinical workflows through AI interventions. Driven by a profound sense of purpose ignited by personal ordeals, Ng and Buduma envision a future where AI augments clinician efficiency and patient outcomes. As the healthcare landscape continues to evolve, Ambience Healthcare stands at the vanguard of innovation, poised to reshape the paradigm of healthcare delivery through AI-driven solutions.