Hippocratic AI Increased Its Value with 126 Million Dollars

Hippocratic AI announced that it has raised $126 million in its latest funding round led by Avenir Growth. This initiative stands out for its integration of artificial intelligence in the healthcare sector and has reached a valuation of $3.5 billion. This situation once again highlights the strong interest of venture capital in AI-driven companies.

Private funding continues to remain strong with multi-billion dollar valuations aimed at the rapidly growing artificial intelligence market. In the third quarter, 46% of all global venture capital funding was directed toward AI companies.

Important investors such as Google’s growth fund CapitalG, General Catalyst, A16z, Kleiner Perkins, and Universal Health Services also participated in this funding round.

This funding round marks a significant development as the company had raised $278 million at a $1.64 billion valuation earlier this year. Hippocratic AI was founded by CEO Munjal Shah along with a group of professionals from El Camino Health, Johns Hopkins, Stanford, Microsoft, Google, and NVIDIA.