Hippocratic AI Raises $126 Million at a $3.5 Billion Valuation

Hippocratic AI is a company developing a safety-focused large language model specifically for the healthcare industry. Operating on a model of AI-powered "agents," the platform aims to address healthcare worker shortages by automating low-risk, non-diagnostic, and patient-facing tasks. This allows the company's agents to handle use cases like chronic care management, post-discharge follow-ups, pre-operative planning, and medication reminders, freeing up human clinicians and nurses to focus on more complex patient care.

Hippocratic AI has raised $126 million in its Series C funding round, bringing the company's valuation to $3.5 billion and its total funding to $404 million. The funding was led by Avenir Growth, with participation from new and existing investors, including CapitalG, General Catalyst, Andreessen Horowitz, Kleiner Perkins, Premji Invest, Universal Health Services, Cincinnati Children’s Hospital Medical Center, and WellSpan Health, among others.

Hippocratic AI, headquartered in Palo Alto, California, United States, was founded in 2023 by Munjal Shah, Alex Miller, Debajyoti Datta, Kim Parikh, Meenesh Bhimani, Saad Godil, Subhabrata Mukherjee, and Vishal Parikh. In January 2025, the company joined the unicorn club. “Every call our agents make is a patient whose life we have helped to make healthier. What this capital allows us to do is touch more lives and help more people while staying true to our core values of ‘do no harm’ and ‘patients first,” said Munjal Shah, co-founder and CEO of Hippocratic AI. “We truly believe that Generative AI agents can help bring in an era of abundance to healthcare never seen before."