Hippocratic AI Raises $126M to Fund Mergers, Acquisitions, and Product Innovation

Hippocratic AI, a generative AI company focused on administrative healthcare tasks, has raised $126 million in a Series C funding round, reaching a $3.5 billion valuation. The financing was led by Avenir Growth with participation from CapitalG, General Catalyst, Andreessen Horowitz (a16z), Kleiner Perkins, Premji Invest, Universal Health Services, Cincinnati Children’s Hospital Medical Center, WellSpan Health, John Doerr, and Rick Klausner. The new capital brings the company’s total funding to $404 million since its founding in 2023.

The company’s technology supports nondiagnostic healthcare functions such as medication onboarding, reconciliation, policy inquiries, and electronic health record assistance. Funds from the Series C round will be used to scale customer deployments internationally and further invest in its Polaris Safety Constellation Architecture, a framework designed to enhance operational safety and performance across healthcare workflows. Hippocratic AI also plans to use a portion of the proceeds for strategic mergers and acquisitions.

“Every call our agents make is a patient whose life we have helped to make healthier,” said Munjal Shah, cofounder and CEO of Hippocratic AI. “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.’ We truly believe that generative AI agents can help bring in an era of abundance to healthcare never seen before.”

This announcement follows a period of accelerated growth for the company. In January 2025, Hippocratic AI raised $141 million in Series B funding, doubling its valuation from $1.64 billion at that time. Earlier rounds included $53 million in Series A funding in 2024, later expanded to $70 million, and $65 million in seed investments since its 2023 launch.

In recent months, Hippocratic AI has established several partnerships to enhance data and operational capabilities. It selected Fivetran to support a compliant data foundation, partnered with Eraas Health to integrate environmental analytics into preventive care workflows, and collaborated with University Hospitals to deploy voice-based agents for non-diagnostic patient support. The company also completed a SOC 2 Type II audit, underscoring its commitment to data security and compliance across healthcare operations.

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