M&A Finance
K&L Gates
Full Credential Description
Abridge, a Pittsburgh-based health care artificial intelligence startup, faced the challenge of effectively bridging the communication gap between patients and doctors. The company sought to enhance patient engagement by providing a solution that would help users recall critical details from their medical visits, including conversations with doctors, diagnoses, procedures, and medications. To address this issue, Abridge developed a mobile app that utilizes AI software to securely transcribe medical visits at the consumer's discretion. To support the global launch of this innovative mobile app, Abridge successfully raised $15 million in funding, with contributions from notable investors such as Union Square Ventures, Pillar, Bessemer Partners, KDT Ventures, and the University of Pittsburgh Medical Center. The funding not only facilitated the app's launch but also aimed to expand its user base, which has already surpassed 50,000 users. The tailored solution provided by Abridge represents a significant advancement in the integration of technology and healthcare, showcasing the potential for AI to enhance patient experiences and outcomes in the medical field.
Measurable Results
Successfully completed $15M transaction