AI Voice Assistant Company Suki Raises $70 Million
AI-powered voice assistant company Suki has received $70 million in new funding that it will use to accelerate product development, with plans to expand beyond its existing offerings.
The company said its Suki Assistant helps clinicians complete time-consuming administrative tasks by voice and has the capability to generate clinical notes from ambiently listening to a patient-clinician conversation.
The Redwood City, Calif.-based company’s Suki Platform is a suite of developer tools for technology partners looking to build AI experiences in their solutions. Suki said more than a dozen health systems and hospitals have deployed or expanded access to Suki in the last two months alone.
The funding round was led by Hedosophia, with a substantial additional investment from Venrock, as well as participation by existing investors including March Capital, Flare Capital, Breyer Capital, and inHealth Ventures. This capital infusion brings the company’s total funding to $165 million.
“We are in a new phase of growth,” said Punit Soni, CEO and founder of Suki, in a statement. “The healthcare industry is clamoring for AI and we are proud to offer a suite of full-featured solutions that seamlessly interoperate with existing tools. With the support of our investors, we’ll accelerate our growth, diversify Suki’s capabilities, and deepen relationships with strategic partners such as MedStar Health, one of the most important collaborators in Suki’s history.
The company said its partnership with MedStar Health, a $7.7 billion health system with more than 300 care locations, is a key initiative to support MedStar Health’s commitment to patient care, clinician well-being, and innovation. Suki Assistant is available to thousands of MedStar Health clinicians across ambulatory specialties including primary care, cardiology, and gastroenterology, and settings like urgent care locations. Suki Assistant is integrated with Oracle Cerner, MedStar Health’s system of record.
“As MedStar Health explores and deploys artificial intelligence capabilities that can revolutionize healthcare delivery, Suki has served as a critical partner in our ongoing journey for more than four years,” said Jeff Collins, vice president of the MedStar Institute for Innovation Business Innovation Lab, in a statement. “Together we have delivered new value to our system through successful pilot exploration, workflow optimization, and continued co-development. Importantly, we have also supported a wide range of providers who report that using Suki vastly improves how they interact with the EHR and elevates their documentation efficiency, improves the patient experience, and bolsters professional satisfaction.”
Other recent partnerships include hospitals (Ascension Saint Thomas, St. Mary’s Hospital, Decatur County Memorial Hospital), healthcare technology companies (Meditech, Amwell), and group purchasing organizations (Premier, omo).
