AmplifyMD Raises $20M Series B to Accelerate Health System Care Delivery

AmplifyMD, a leading integrated virtual care solution, has raised $20 million in a Series B funding round led by Forerunner Ventures, with participation from F-Prime, Greylock, Tau Ventures, and strategic partner Memorial Hermann Health System. The new funding will accelerate the company’s AI-driven platform capabilities and expand sustainable clinical coverage for hospitals facing increasing pressure to deliver more with fewer resources.

Founded in 2019, AmplifyMD has become a leader in delivering seamlessly integrated multispecialty virtual care across clinical settings through its EHR-integrated, AI-enabled platform and clinical network that spans more than 15 medical specialties. By transforming fragmented data and limited provider capacity into coordinated systemwide coverage, the platform streamlines access to essential patient information at the point of care and uses intelligent distribution to extend providers across multiple sites and departments. This approach enables faster consults, greater productivity, fewer patient transfers, stronger revenue cycle outcomes, and smarter resource utilization, helping health systems deliver consistent, high-quality care whenever and wherever it is needed.

Investors highlighted the company’s unique approach to rethinking telehealth. “AmplifyMD isn’t just enabling telehealth—it’s reimagining how health systems leverage their clinical resources,” said Eurie Kim, Managing Partner at Forerunner. “Their automation-first approach to virtual care workflows delivers immediate efficiency gains and lays a foundation for sustainable models hospitals can rely on for years to come.”

Strategic partner Memorial Hermann echoed this perspective. “At Memorial Hermann, we look for innovation that addresses challenges in a fundamentally different way,” said Feby Abraham, Executive Vice President and Chief Strategy Officer. “AmplifyMD stands out because it combines AI-enabled workflows with on-demand specialty coverage, creating a scalable model that expands access, improves quality, and lowers costs.”

The company is already delivering measurable outcomes at scale, including a 52% reduction in TeleStroke operational costs, a twofold increase in TeleHospitalist cross-cover consults per shift, and reductions in outpatient specialty care wait times from months to just days. “Over the past few years, we’ve seen just how transformational our solutions can be,” said Meena Mallipeddi, CEO and co-founder of AmplifyMD. “Health systems using our platform, and when needed, our physician network across 15+ fields, are proving it’s possible to deliver care that is faster and more sustainable, with less strain on existing resources.”

With the new funding, AmplifyMD plans to expand its platform to meet a broader range of health system needs, deepen strategic partnerships, and continue advancing its AI and workflow capabilities, fueling long-term transformation in care delivery nationwide.