The news: AI voice-based clinical assistant startup Suki bagged $55 million in Series C funding, boosting its valuation to $400 million. The company will use the fresh capital to expand its health system partnerships and advance AI capabilities of its platform, Suki Speech.
Why it’s worth watching: Physicians are burnt out from heavy administrative burdens—tech like Suki’s is cutting down on the time they need to spend on burnout-driving tasks like admin and paperwork.
AI platforms like Suki’s use natural language processing (NLP) to enable rapid dictation of clinical notes to eliminate doctor’s admin loads:
What’s next? Voice-based clinical assistants are gaining investor attention, but it’ll be difficult for entrants to carve into the market with the threat of Microsoft-owned voice assistant Nuance.
For example, besides Suki, Robin Healthcare recently scored $50 million to build out its “Alexa for healthcare” scribe device that uses AI to record patient-provider interactions and upload clinical notes into the EHR.
But, there’s already a clinical voice assistant that most healthcare providers are using: