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Alternative Assets  + VC  | 
Hippocratic AI Raises $50M Seed to Build Healthcare Chatbot

Hippocratic AI Raises $50M Seed to Build Healthcare Chatbot

Hippocratic AI, a startup with a generative artificial intelligence tool, launched out of stealth to announce the first Large Language Model (LLM) designed specifically for healthcare with a $50 million seed round co-led by venture capital heavyweights General Catalyst and Andreessen Horowitz.

Co-founded by Munjal Shah and Meenesh Bhimani MD, Hippocratic AI’s tool provides patients with non-diagnostic information, such as pre-operation instructions, and can explain medical bills or insurance procedures.

The system relies on an LLM approach that feeds into its natural language processing to recognize, summarize, translate, predict and generate text. The startup is also training its technology to reflect the “bedside manner” of a physician or nurse. Hippocratic doesn’t intend to replace a physician but offers generative AI to support roles and actors in the health care system.

The Palo Alto, CA-based company claimed its AI had passed more than 100 certifications in the healthcare industry and outperformed OpenAI’s most potent model, GPT-4, on the same tests.

Hippocratic AI was founded by a group of physicians, hospital administrators, Medicare professionals, and artificial intelligence researchers from El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, UPenn, Google, and Nvidia.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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