Nabla Raises $24M in Series B to Fuel Expansion of its Ambient AI Assistant to Transform Care Delivery

New financing, led by Cathay Innovation, will be used to expand capabilities and adoption of Nabla Copilot, the leading ambient AI assistant designed to alleviate the administrative burden placed on providers, and reduce clinician burnout. Launched in March 2023, Nabla Copilot has experienced rapid growth with +20,000 providers who have already adopted the solution for its accessibility, accuracy, and speed and have helped build Copilot to better serve the provider community’s needs. Nabla, the leading ambient AI assistant for practitioners, today announced the initial close of a $24M Series B funding round led by Cathay Innovation, with participation from ZEBOX Ventures. This close brings Nabla’s total funding to over $43M. This investment enables Nabla to boost expansion across U.S. healthcare systems and continue transforming the way providers deliver care with its ambient AI assistant. Clinicians have deemed managing the electronic health record (EHR) the biggest stressor in patient care. Clinical documentation is a time-intensive task that adds six hours per week of EHR work for practitioners outside of standard time spent with patients. With its AI-powered note-generation capabilities, medical coding recognition, and smooth EHR integrations, Nabla Copilot is saving clinicians valuable time so they can focus on caring for their patients. Providers claim the notes are remarkable for their precision, with only 5% requiring adjustments. In addition to nati...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Alex Lebrun Brigham and Women's Hospital Cathay Innovation Dr. Andrew Lundquist Dr. Haipeng (Mark) Zhang Dr. Megan Mahoney Dr. Raghu K Health IT Funding Health IT Fundings Health IT Investment Jac Source Type: blogs