Overview

• Andreessen Horowitz led the Series E round with participation from Khosla Ventures, lifting Abridge’s total financing to $757.5 million.
• Abridge’s ambient-listening AI is embedded in Epic Systems and used by more than 150 major health systems across the US.
• The company projects its technology will process over 50 million patient conversations this year and reduce clinician paperwork time by up to 70%.
• Four months after a $2.75 billion valuation, Abridge hit $117 million in contracted annual recurring revenue in Q1 before its latest fundraise.
• By automating note transcription and coding, Abridge directly challenges incumbents like Microsoft’s Nuance and startups such as CodaMetrix and Suki.