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Stock impact report

Hippocratic AI Raises $53 Million Series A at a $500 Million Valuation [Yahoo! Finance]

Universal Health Services, Inc. (UHS) 
Last universal health services, inc. earnings: 4/27 04:17 pm Check Earnings Report
US:NYSE Investor Relations: ir.uhsinc.com/investor-overview
Company Research Source: Yahoo! Finance
PALO ALTO, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Hippocratic AI, the company building the first safety-focused Large Language Model (LLM) for healthcare, today announced the close of a $53 million Series A funding round at a $500 million valuation, bringing total funding to $120 million. Today, the company also released its first product for phase three safety testing: a staffing marketplace for healthcare where health systems, payors, and others can “hire” generative AI agents that complete low-risk, non-diagnostic, patient-facing healthcare tasks to help solve the massive shortage of healthcare nurses, social workers, and nutritionists in the US and worldwide. The new capital will be used to help fund these safety tests and further develop the product. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children's, WellS Show less Read more
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