Abridge Raises Secures $15M in Funding

Abridge

Abridge, a Pittsburgh, Penn.-based service for people to understand the details of their medical care and follow through on doctors’ advice, raised $15m in Seed and recent Series A funding.

The round was led by Union Square Ventures and healthcare partner UPMC. Abridge’s $15m fundraising to-date includes funding from Bessemer Venture Partners, Pillar, KdT Ventures, and an angel syndicate comprised of Esther Dyson, Aneesh Chopra, and Zen Chu.

The company intends to use the funds to grow the team and continue improving the machine-learning technology and product. 

Led by Dr. Shiv Rao, co-founder and CEO, Abridge leverages machine learning to provide users with a transcript of the medical parts of the conversations they have with their doctors, highlighting important definitions (the technology has more than 400,000 terms indexed) and takeaways, like next steps or medication instructions. The app – available now for iPhone and Android via the App Store and Google Play Store – can be used for any type of medical appointment, from routine annual exams to urgent care appointments to specialist conversations.

FinSMEs

06/10/2020

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