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Ellipsis Health

San Francisco, US · Founded 2013 · Delaware corporation · 98 employees on LinkedIn · 14 known investors

Ellipsis Health builds Sage, an AI voice agent designed to support healthcare organizations by handling patient interactions and expanding clinical capacity. The platform aims to improve patient care coordination across physical, mental, and social needs while freeing clinicians to focus on complex care.

Also known as Ellipsis

Founders & leadership

Ellipsis Health was founded in 2013 by Mike Aratow, Mainul Islam, and Mainul Mondal.

MA
Mike AratowCo-founder
MI
Mainul IslamCo-founder
MMMainul Mondal
Mainul MondalinFounder & CEO

Board

MH
Marie HurabiellBoard director

Investors · 14

Also in the syndicate · 5

CollierCVSCVS VenturesE12Salesforce

Funding

SEC filings, press & company announcements

$49M disclosed across 2 of 4 rounds · 2017–2025

$4MraisedDec 2017 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mike AratowDirector
  • Mainul IslamExecutive Officer, Director
  • Marie HurabiellDirector
Offering amount
$4M
Amount sold
$4M
First sale
Nov 2017
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Ellipsis Health is a San Francisco-based healthcare technology company whose product, Sage, is an AI voice agent positioned as an "AI Care Manager." Sage places and receives autonomous care management calls on behalf of health plans, health systems, specialty care organizations and pharma, covering three main use-case groups: engagement and enrollment (program enrollment, benefits overview, eligibility verification, copay checks, patient questions); assessments and surveys (health risk assessments, care and discharge assessments, PRAPARE, HOS, NPS, HCAHPS and outcomes surveys); and clinical support (care coordination, medication and clinical adherence, Star Rating and quality-measure work, HEDIS gap closure, pre- and post-discharge check-ins, "Friday tuck-in" calls and transitions of care). The company describes the agent as multi-lingual, available 24/7, and intended for patients with complex physical, behavioral and social needs, who the company says drive the majority of healthcare costs.

The company's stated positioning is that healthcare organizations face rising patient complexity alongside shortages of trained clinical staff, and that Sage expands capacity so licensed staff can work at the top of their license. Earlier public descriptions of Ellipsis Health characterized it as a company using AI-generated vocal biomarker technology to identify, assess and monitor clinical anxiety and depression via the human voice, working through partnerships with providers, payers and digital health companies. That vocal biomarker work is described as the clinical foundation for the current Empathy Engine and Sage products.

Leadership includes founder and CEO Mainul Mondal, co-founder and Chief Medical Officer Michael Aratow, COO Melissa McCool, Chief Product Officer Angela Suthrave, Chief Commercial Officer Rafael Viturro, Chief Growth Officer Amanda Bury and Chief Nursing Officer Courtney Henchon. The board of directors and observers includes Vinod Khosla and Hal Paz of Khosla Ventures, Carter Prince of CVS Health Ventures, Amit Khanna of Salesforce and Emily Zhao of Salesforce Ventures, Cody Nystrom of SJF Ventures, Russell Hirsch of Generator Ventures, Helmy Eltoukhy and Avaya CEO Jeff Clarke. A clinical and AI advisory board includes Richard Socher, Tom Insel, Toby Cosgrove, Stephen Klasko and others.

Founding story

The company was founded by Mainul Mondal, who serves as CEO, with Michael Aratow as co-founder and Chief Medical Officer. Before Ellipsis Health, Mondal worked in management consulting on market-entry strategies for new technologies, helped launch the ClearStreme initiative with the Freeman Spogli Institute at Stanford University, and was a Rockefeller Fellow at the Public Health Institute. He was named a Milestone Maker by the Nasdaq Entrepreneurial Center in 2020.

Business model

Ellipsis Health sells Sage to healthcare organizations — health plans, health systems, specialty care managers and pharma — as an enterprise software service that replaces or augments human care-management outreach. Deployment follows a contracted implementation process with white-glove onboarding, custom prompt development based on the customer's existing scripts and protocols, phased rollout and joint call monitoring, followed by ongoing optimization and expansion.

The company positions Sage's value in terms of customer economics — reduced administrative workload, faster program enrollment and return on investment — but the sources do not specify pricing or contracting terms.

Traction

The company reports customer-facing outcomes of a 60% reduction in administrative tasks, 6x faster program enrollment and 4x return on investment. Press coverage citing the company's website states that Ellipsis works with UnitedHealth Group, Aetna (part of CVS Health), DukeHealth, Highmark and Main Street Health, among other healthcare organizations. Customer testimonials on the company site come from Vivid Health (CEO and co-founder Patrick Mobley) and Twin Health (Chief Medical Officer Lisa Shah).

Latest developments

In June 2025 Ellipsis Health announced the close of a $45 million Series A led by Salesforce, Khosla Ventures and CVS Health Ventures, with participation from existing investors Mitsui Global Investment, Collier, E12 and AME Cloud Ventures, and simultaneously unveiled Sage. The company said proceeds would go toward accelerating Sage adoption among providers, payers and care management organizations, expanding AI capabilities and deepening clinical integrations. The company has also announced partnerships with Salesforce, bringing Sage into Salesforce Health Cloud, and with NVIDIA for more natural AI care-management conversations.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Ellipsis Health competes in the emerging market for conversational and agentic AI voice agents in healthcare, alongside companies such as Hippocratic AI, Innovaccer, Infinitus AI, Fair Square Medicare and Zocdoc, which have introduced AI agents for patient outreach, scheduling, intake and health risk assessments. Investors have publicly framed Ellipsis's differentiation as its clinical foundation and market positioning rather than scale.

The company differentiates Sage from conventional AI voice assistants on emotional intelligence: training on real clinical conversations and vocal biomarker research, enabling tone and approach to adapt to a patient's emotional and mental health state, and handling of complex cases rather than only routine scripted tasks. Integration with Salesforce Health Cloud's workflow engine is also presented as a differentiator.

Technology

Sage is built on Ellipsis Health's proprietary "Empathy Engine," which the company says is based on patented vocal biomarker technology and trained on millions of live clinical patient conversations. The agent is described as adjusting its tone and approach to a patient's emotional state and mental health needs, and as conducting fully autonomous calls that adapt to patient responses while producing structured documentation. Infrastructure is described as HIPAA and SOC 2 Type 2 compliant with end-to-end encryption, third-party security audits, continuous validation and monitoring, and clinical oversight of AI operations. Earlier company descriptions reference an AI-powered, speech-based vital sign used to quantify and manage depression and anxiety symptoms.

Go-to-market

Go-to-market is direct enterprise sales supported by demo requests on the company website, plus channel and technology partnerships. A partnership with Salesforce embeds Sage into Salesforce Health Cloud, and Salesforce is also an investor; a separate partnership with NVIDIA targets more natural AI care-management conversations. The company emphasizes integration with existing customer infrastructure, including EMR/EHR and case management systems, CRM workflows, an API-first architecture and FHIR protocol support.

Health plans, health systems, specialty care management organizations, providers, payers and pharma companies, with end users being patients and health plan members — particularly high-risk, high-cost individuals with combined physical, behavioral and social needs.

Geography

Headquartered in San Francisco, with the company describing itself as founded in San Francisco and operating with a global team. Named customers and partners cited in coverage are US healthcare organizations.

History

Ellipsis Health's early work centered on AI-generated vocal biomarkers — a speech-based vital sign for identifying, assessing and monitoring clinical anxiety and depression — delivered through partnerships with providers, payers and digital health companies. That research base was later extended into the Empathy Engine and, in June 2025, the public launch of Sage as an AI Care Manager alongside a $45 million Series A round led by Salesforce, Khosla Ventures and CVS Health Ventures. Partnerships with Salesforce (embedding Sage in Health Cloud) and NVIDIA followed or accompanied the launch.

Risks & controversies

Ellipsis Health operates in a segment with rapid entry by well-funded competitors, and delegating patient-facing clinical outreach to autonomous voice agents raises patient safety, data protection and regulatory compliance requirements; the company addresses these through stated HIPAA and SOC 2 Type 2 compliance and human clinical oversight of all AI operations. Public descriptions of the company's founding year are inconsistent across sources.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Compliance certificationsJan 2025HIPAA and SOC 2 Type 2 compliant infrastructure
Faster program enrollmentJun 20256x
Reduction in administrative tasksJun 202560%
Return on investmentJun 20254x

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

3 people who came through Ellipsis Health went on to found or lead other companies.

Competitors · 5

by search overlap
Carbon Health25 shared keywordsCarbon Health operates a chain of clinics offering urgent care, primary care, and chronic condition management, combining technology with in-person care to provide broader access to health services. It serves patients seeking everyday healthcare across acute, primary, and chronic needs.
Smarter Technologies20 shared keywordsSmarter Technologies is an AI-powered revenue cycle management and automation platform for hospitals and health systems, combining clinical AI agents, human-in-the-loop workflows, and financial and administrative services. Its SmarterNotes product integrates AI-generated clinical documentation with concurrent revenue cycle intelligence to improve documentation accuracy and reimbursement.
Qualified Health17 shared keywordsQualified Health AI provides AI infrastructure and governance solutions for health systems to deploy generative AI safely and deliver measurable value across clinical, operational, and financial workflows. The platform is built by healthcare and AI leaders to enable enterprise-wide AI adoption with proper oversight and clinical alignment.
Epic15 shared keywordsEpic develops electronic health record software used across healthcare organizations including hospitals, clinics, dental practices, and payers to help patients manage, maintain, and improve their health over time. The company serves the broader healthcare ecosystem including academic medical centers, community hospitals, specialty practices, and life sciences organizations.
AVIA15 shared keywordsAVIA operates a network and advisory platform for health systems, providing benchmarking, market intelligence, and peer collaboration to support their digital transformation and AI adoption. It serves hospitals and health systems and includes offerings like AVIA Marketplace and Panda Health for evaluating digital health companies.

Companies competing with Ellipsis Health for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Jun 2025
Ellipsis Health closes $45M Series A led by Salesforce, Khosla Ventures and CVS Health Ventures

The company announced the close of a $45 million Series A round, with prior investors Mitsui Global Investment, Collier, E12 and AME Cloud Ventures also participating. Proceeds are earmarked for Sage adoption across providers, payers and care management organizations, expanded AI capabilities and deeper clinical integrations.

$45M source ↗

Jun 2025
Unveiling of Sage, an emotionally intelligent AI Care Manager

Ellipsis Health publicly launched Sage, an AI voice agent for care management of patients with complex physical, behavioral and social needs, built on its Empathy Engine using patented vocal biomarker technology trained on millions of live clinical patient calls.

source ↗

Jan 2025
Partnership with NVIDIA for more natural AI care management conversations

Ellipsis Health announced a partnership with NVIDIA aimed at delivering more natural AI care management conversations.

source ↗

Jan 2025
Partnership with Salesforce to bring Sage into Salesforce Health Cloud

Salesforce and Ellipsis Health partnered to make Sage available directly within Salesforce Health Cloud, linking the agent to Health Cloud's workflow engine.

source ↗

Jan 2020
Founder Mainul Mondal named a Milestone Maker by the Nasdaq Entrepreneurial Center

Founder and CEO Mainul Mondal was selected as a Milestone Maker by the Nasdaq Entrepreneurial Center in 2020.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Ellipsis HealthDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Ellipsis Health do?
Ellipsis Health builds Sage, an emotionally intelligent AI voice care manager for health plans, health systems and pharma.
Who founded Ellipsis Health?
Ellipsis Health was founded by Mike Aratow, Mainul Islam, Mainul Mondal in 2013.
Who are Ellipsis Health's investors?
Ellipsis Health's investors include Able Partners, AIX Ventures, City Light, CVS Health Ventures, E12 Venture Capital, Llc, Equitage Ventures, L.L.C., Generator Ventures, Khosla Ventures and 1 more.
How much funding has Ellipsis Health raised?
Ellipsis Health has disclosed $49M raised across 2 of its 4 known rounds.
Where is Ellipsis Health headquartered?
Ellipsis Health is headquartered in San Francisco, US.