"Abridge Secures $150M Series C for Advancing AI Clinical Documentation Tools"
Abridge, a startup specializing in AI medical scribing, has raised $150 million in a Series C funding round led by Lightspeed and Redpoint Ventures, bringing its post-money valuation to $850 million. The company aims to enhance its AI technology to create more useful medical notes, improve clinical documentation, and compete with industry giants like Nuance in the electronic health records space. The funding will support Abridge's expansion into more hospitals and further research and development efforts.