Ambience Healthcare
AI operating system that automates clinical documentation for doctors and hospitals.
- Founded
- 2020
- Headquarters
- San Francisco, CA
- Employees
- 201-500
- Latest Round
- Series C
- Est. Valuation
- ~$1,250M
Investment Thesis
Ambience Healthcare builds an AI operating system for healthcare, centered on ambient AI that listens to patient-clinician conversations and automatically generates clinical documentation, addressing clinician burnout.
The company has exclusive contracts with major health systems like Cleveland Clinic and reached ~$30M ARR. Crossed unicorn status with its $243M Series C at $1.25B valuation.
Doctors spend more time typing notes into electronic health records than talking to patients, fueling burnout and driving clinicians out of medicine at record rates.
Ambience listens to doctor-patient conversations in real time and auto-generates complete clinical notes across 100+ specialties, integrated directly into Epic, Cerner, and other major EHRs.
Large language models finally handle medical terminology and complex visit context accurately enough for clinical use, and health systems are desperate as physician burnout hits crisis levels.
Used by Cleveland Clinic, UCSF Health, and Houston Methodist; 97.7 KLAS satisfaction score; 76% reduction in documentation time; ~$64M revenue; valued at $1.25B.
Mike Ng (President, ex-Morgan Stanley/Calera Capital, MIT Sloan MBA) and Nikhil Buduma (CEO & Chief Scientist, MIT CS, author of O'Reilly's Fundamentals of Deep Learning) co-founded Ambience in 2020.