Ambience Healthcare Inc., an artificial intelligence startup focused on streamlining administrative work for medical professionals, has raised $243 million in a new round of funding that values the company at more than $1 billion.
The financing, set to be announced on Tuesday, was led by Andreessen Horowitz and investment firm Oak HC/FT. Earlier backers, including OpenAI’s startup fund, Kleiner Perkins and Optum Ventures, also participated.
The funding round highlights broader investor enthusiasm for AI’s potential in the health care sector. Venture capitalists have poured money into
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.