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, a startup that offers an AI note-taking tool for doctors, raised $300 million at a $5.3 billion valuation, .

led the Series E round for the Pittsburgh- and San Francisco-based startup, with joining.

Several well-funded startups have emerged to try to reduce the doctor burnout associated with note-taking and other administrative duties.

鈥淲e鈥檝e seen healthcare take up generative AI-centered solutions faster than any other industry,鈥� Abridge CEO and co-founder Dr. told the Journal. His startup鈥檚 technology works by using ambient-listening technology to tune into conversations between doctors and patients and automatically transcribe notes, reducing the after-hours time physicians spend on administrative tasks.

Along with Abridge 鈥斅爓hich has now raised $757.5 million total from investors, 鈥� other well-funded startups in the AI healthcare documentation space include:

• , which has a note-taking AI copilot for doctors and other medical staff earlier this month raised $70 million in Series C funding, bringing its total raised to ;
• , an AI-driven medical coding platform that has raised in total funding;
• , another AI-driven physician note-taking tool that has raised more than ; and
• , an AI clinician assistant designed to reduce time spent by health care professionals on documentation that has raised over time.

Overall, funding to startups at the intersection of AI and healthcare hit $7.5 billion in 2024. This year is on pace to top that, with $5.6 billion invested through late June, .

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Related reading:

• Healthcare And AI Is A Hot Combination For Startups
• Nabla Lands $70M To Build AI Agents In Healthcare Settings

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