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Founded Year

2018

Stage

Series B | Alive

Total Raised

$57.5M

Last Raised

$30M | 4 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+10 points in the past 30 days

About Abridge

Abridge focuses on the application of artificial intelligence (AI) in the healthcare sector. Its main service involves the use of AI to convert patient-clinician conversations into structured clinical note drafts in real-time, which are then integrated seamlessly into the electronic medical record (EMR) system. The company primarily serves the healthcare industry, with a particular focus on clinicians and healthcare enterprises. It was founded in 2018 and is based in Pittsburgh, Pennsylvania.

Headquarters Location

224 North Euclid Avenue Suite 311

Pittsburgh, Pennsylvania, 15206,

United States

703-729-6085

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Abridge's Product Videos

ESPs containing Abridge

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Health Data & Analytics

The generative AI — electronic health records (EHR) documentation market employs AI technologies to automate and enhance EHR documentation. Active primarily during doctor-patient interactions, it utilizes AI algorithms to process and structure clinical conversations, examinations, diagnoses, and treatment plans into accurate, comprehensive EHR entries. This streamlines and automates the documentat…

Abridge named as Leader among 15 other companies, including Microsoft, Amazon Web Services, and Oracle.

Abridge's Products & Differentiators

    Abridge for Clinicians

    Abridge creates artifacts for 3 masters – billing, clinicians, patients. The technology acts as an intelligent copilot, producing organized drafts and providing interactive tools to accelerate editing, and seamlessly integrates with healthcare software to streamline documentation. Health systems trust Abridge: Science. Founded on CMU roots, Abridge’s research culminated in the first-published and first-to-market AI system for generating SOAP note drafts. Abridge’s cutting-edge ML safeguards providers & patients by focusing on causality, fairness, and transparency. Clinician-led. Abridge is building a solution for providers by providers. Through his experience as a cardiologist, Abridge’s co-founder and CEO saw opportunities to improve the gap between medical conversations and what happens next. Patient value. Abridge is the

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Research containing Abridge

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Abridge in 7 CB Insights research briefs, most recently on Jan 11, 2024.

Expert Collections containing Abridge

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Abridge is included in 5 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

11,617 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

D

Digital Health

10,804 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

T

Telehealth

2,856 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

D

Digital Health 50

150 items

2022's cohort of the most promising digital health startups transforming the healthcare industry. Winners were chosen based on several factors, including data submitted by the companies, proprietary Mosaic scores, company business models and momentum in the market.

G

Generative AI

799 items

Companies working on generative AI applications and infrastructure.

Latest Abridge News

STAT+: Clinical notes automation startup Abridge raises $150 million, takes aim at Microsoft Nuance

Feb 23, 2024

Adobe A Pittsburgh artificial intelligence startup emerging as a challenger to Microsoft’s clinical note taking business has raised $150 million, a rare mega deal in a funding lull. The startup, Abridge, also has an unlikely cheerleader: Paul Ricci, the former head of Nuance, the service from Microsoft it competes with. Abridge sells an AI tool that rapidly transcribes and summarizes doctors’ conversations with patients in a hospital’s electronic health records software. The startup’s leaders and investors tell STAT they’re betting that their medical knowledge, agility, and willingness to co-develop features with customers makes it a more attractive long term option than Nuance, which Microsoft says is currently used by most U.S. hospitals . advertisement Microsoft, Abridge and other startups like Suki, Corti and Nabla are locked in a race to ease provider burnout by automating clinical note taking, and — thanks to generative AI — organizing the data in a way that could improve care, such as suggesting topics for follow-up, simplifying billing or analyzing trends at the the broader patient population level. Get unlimited access to award-winning journalism and exclusive events.

Abridge Frequently Asked Questions (FAQ)

  • When was Abridge founded?

    Abridge was founded in 2018.

  • Where is Abridge's headquarters?

    Abridge's headquarters is located at 224 North Euclid Avenue, Pittsburgh.

  • What is Abridge's latest funding round?

    Abridge's latest funding round is Series B.

  • How much did Abridge raise?

    Abridge raised a total of $57.5M.

  • Who are the investors of Abridge?

    Investors of Abridge include Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, CVS Health Ventures, Spark Capital and 19 more.

  • Who are Abridge's competitors?

    Competitors of Abridge include Tortus AI, Nabla, Corti, Freed, Tabia Health and 7 more.

  • What products does Abridge offer?

    Abridge's products include Abridge for Clinicians.

  • Who are Abridge's customers?

    Customers of Abridge include UPMC.

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Compare Abridge to Competitors

DeepScribe Logo
DeepScribe

DeepScribe provides an artificial intelligence (AI) powered scribe to capture the natural conversation between clinician and patient. The company technology automatically writes medical documentation by using ambient artificial intelligence (AI), machine learning (ML), and rules-based natural language processing (NLP). It was founded in 2017 and is based in San Francisco, California.

Suki Logo
Suki

Suki provides artificial intelligence (AI) enabled voice solutions in healthcare. It offers a digital assistant that helps physicians with documentation and other administrative tasks, using artificial intelligence to reduce the time spent on these tasks. Its products are primarily used in the healthcare sector. It was formerly known as Robin AI. It was founded in 2017 and is based in Redwood City, California.

Martixa Logo
Martixa

Martixa is a company that focuses on the healthcare sector, specifically in the domain of artificial intelligence. The company offers a Generative AI Copilot designed to automate clinical documentation for doctors, allowing them to focus more on patient care. Martixa primarily serves the healthcare industry. It was founded in 2020 and is based in New York, New York.

Mutuo Health Solutions Logo
Mutuo Health Solutions

Mutuo Health Solutions is an early-stage startup. It commercializes the AutoScribe research project that records the doctor-patient dialogue and uses AI-powered speech recognition and natural language processing to automatically generate suggested clinical notes and electronic medical record actions in real-time. It was founded in 2018 and is based in Toronto, Canada.

Corti Logo
Corti

Corti offers healthcare practitioners a voice-based artificial intelligence (AI) platform for analyzing patient interviews. It is designed to transcribe calls made to emergency medics or doctor’s offices and then automate the paperwork process. It was founded in 2016 and is based in Copenhagen, Denmark.

Regard Logo
Regard

Regard provides artificial intelligence to automatically review all patient data, diagnose patients, and create documentation for physicians. It integrates technology that directly deals with the hospital system's electronic medical records (EMRs) as a clinical co-pilot. The platform ensures complete diagnoses, reduces coding queries, and more. The company was formerly known as HealthTensor. It was founded in 2017 and is based in Los Angeles, California.

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