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Healthcare AI firm Suki raises $55-M from March Capital, Philips Ventures, others

Press Release  

Redwood City, CA (US)- and Bangalore-based Suki, a provider of voice artificial intelligence (AI) technology for healthcare founded by former Flipkart executive Punit Soni, has raised a Series C round of USD 55 million led by March Capital, with participation from Philips Ventures and existing investors including Venrock, Flare Capital, Breyer Capital, and inHealth Ventures. The round also saw participation of angel investors from the fields of technology, healthcare, and finance, including Gaingels Group, Pankaj Patel (ex-Chief Development Officer of Cisco), Andrew Deutsch (CEO of RIMA Radiology), and Russell Farscht (former Managing Director of The Carlyle Group). Suki uses natural language processing and machine learning to create clinically accurate medical notes and streamlines administrative tasks, such as retrieving patient information from the electronic health record (EHR) or ICD-10 coding. It will use the funds to make strategic investments that will lead to an expansion of its user base through new and existing partnerships with leading health systems and medical groups while bolstering employee growth and development.