Startups

AI Health Startup Gets $50 Million Seed Funding From Venture Titans

Company’s technology uses large language model like ChatGPT
Hippocratic AI is designed to help lower medical costs

WATCH: Hippocratic AI, which raised $50 million from Andreesen Horowitz and General Catalyst, has revealed a patient-facing LLM it hopes will lower healthcare costs. Source: Bloomberg

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By Edward Ludlow

May 16, 2023 at 1:00 PM UTC

Updated on

May 16, 2023 at 6:23 PM UTC

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Andreessen Horowitz and General Catalyst are co-leading a $50 million investment in Hippocratic AI, a startup with a generative artificial intelligence tool that it hopes will lower medical costs and make health care more accessible.

Hippocratic’s valuation wasn’t disclosed in the seed-stage investment Tuesday, but the startup revealed early details of its technology, which provides patients with non-diagnostic information like pre-operation instructions and can explain medical bills or insurance procedures. The system relies on an LLM, or large language model, the approach used by chatbots such as OpenAI’s ChatGPT.