Ambience Healthcare Secures $243 Million In Series C Funding Led By Oak HC/FT And Andreessen Horowitz

Ambience Healthcare has completed a $243 million Series C funding round co-led by Oak HC/FT and Andreessen Horowitz, with participation from notable investors such as the OpenAI Startup Fund and Kleiner Perkins. The funding will support the scaling of its ambient AI technology, enhancing integration with EHRs to alleviate administrative burden and improve compliance.

Summary of transaction details:

• Deal Type: Series C
• Transaction Amount: $243,000,000
• Company: Ambience Healthcare
• Founders: Mike Ng, Nikhil Buduma
• Headquarters: San Francisco
• Notable Investors: Oak HC/FT, Andreessen Horowitz (a16z), OpenAI Startup Fund, Kleiner Perkins, Optum Ventures, Frist Cressey Ventures, Town Hall Ventures, Smash Capital, Georgian & Founders Circle Capital

Founded in 2020, Ambience Healthcare has rapidly developed into a prominent AI platform focused on streamlining clinical documentation, coding, and workflow across various healthcare settings, including ambulatory, emergency, and inpatient environments. The company's growth has attracted significant investment to further its technological advancements.