This AI Startup Backed By OpenAI, Andreessen Horowitz Hits $1 Billion Valuation — Here’s What It Does
Synopsis
According to Ambience co-founder and CEO Mike Ng, the new capital would help expand the depth and breadth of the platform, with a focus on strengthening its partnership with OpenAI to build advanced healthcare-specific foundation models.
Ambience Healthcare, an artificial intelligence startup aiming to reduce the administrative burden on doctors and clinicians, has reportedly raised $243 million in a funding round that pushes its valuation above $1 billion.
According to a report by Bloomberg, the funding round was led by Andreessen Horowitz and Oak HC/FT, with participation from earlier investors including OpenAI’s startup fund, Kleiner Perkins, and Optum Ventures.
Ambience co-founder and CEO Mike Ng said the new capital would help “expand the depth and breadth of our platform,” with a focus on strengthening its partnership with OpenAI to build advanced healthcare-specific foundation models.
“We’re continuing to invest in our working relationship with OpenAI to train the most capable foundation models for healthcare,” Ng said.
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