Fundraising Fox

Hippocratic AI

Unicorn · $3.5B

Founded 2023 · 20 known investors

hippocraticai.com

Hippocratic AI develops generative AI agents designed for healthcare delivery, working with hospital systems, health plans, and life sciences companies to support clinical decision-making and patient care. The company combines AI technology with healthcare expertise to deploy AI solutions across provider, payer, and pharmaceutical segments.

Also known as HAI

Founders & leadership

MSMunjal Shah
Munjal Shahin𝕏Chief Executive Officer, Co-founderHe previously co-founded and led a company using AI to help seniors select Medicare Advantage plans, as well as Like.com (an AI computer vision company acquired by Google) and Andale (acquired by Alibaba), and holds a master's in computer science focused on AI from Stanford and a bachelor's in computer science from UCSD.
DMDr. Meenesh Bhimani
Dr. Meenesh BhimaniinChief Medical Officer, co-founder
VPVishal Parikh
Vishal ParikhinChief Product Officer, Co-founderCo-founder and Chief Product Officer of Hippocratic AI, which develops generative AI agents for healthcare delivery across provider, payer, and life sciences segments. His background spans the health, financial, and clean-tech industries.
SMSubho Mukherjee
Subho MukherjeeinChief Science Officer, Co-founderSubho Mukherjee is co-founder and Chief Science Officer at Hippocratic AI, where he leads AI architecture, safety standards, and deployment of patient-facing speech and language models for healthcare. He previously led foundation model work at Microsoft Research (including Prometheus and Orca) and knowledge systems at Amazon (including the Product Knowledge Graph), held research roles at Google Research and IBM Research, and holds a Ph.D. in Computer Science from the Max Planck Institute for Informatics.
SGSaad Godil
Saad GodilinCo-Founder & Chief Technology OfficerSaad Godil is co-founder and CTO of Hippocratic AI, a startup building a safety-focused large language model for the healthcare industry.
S(
Subhabrata (Subho) MukherjeeFounder
KPKim Parikh
Kim ParikhinCo-Founder
HTHemant Taneja
Hemant Tanejain𝕏Co-founder · Board MemberHemant Taneja is CEO of the venture firm General Catalyst and has invested in companies including Anduril, Anthropic, Gusto, Ro, Samsara, Snap, and Stripe. He co-founded several healthcare companies, including Hippocratic AI, Commure, Livongo, and Transcarent, is the author of four books, and holds five degrees from MIT spanning EECS, operations research, biology, and mathematics.

Investors · 20

Also in the syndicate · 9

Andreessen Horowitz (a16z)Avenir GrowthleadCincinnati Children's Hospital Medical CenterCincinnati Children’s Hospital Medical CenterJohn DoerrRick KlausnerUniversal Health ServicesUniversal Health Services (UHS)WellSpan Health

Funding

SEC filings, press & company announcements

$126M disclosed across 1 of 7 rounds · 2023–2025

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$3.5Bvaluation at Series CNov 2025
filing ↗
$1.6Bvaluation at Series BJan 2025
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Hippocratic AI develops generative AI agents, delivered largely as clinical voice agents, for non-diagnostic, patient-facing healthcare tasks. Its agents are used by providers, payors and life sciences/pharma organizations for work such as patient intake screening, appointment scheduling, annual wellness visit outreach, chronic care and case management, post-discharge and post-surgical follow-up, medication adherence and reconciliation, cancer screening outreach (colorectal, mammogram), eligibility and benefits confirmation, health risk assessments, patient assistance program enrollment, adverse event documentation, clinical trial pre-screening and real-world-evidence longitudinal follow-up. The company states explicitly that its agents do not diagnose or prescribe and escalate to human nurses when validated nurse guidelines indicate it is necessary [0][1][6].

The company was founded in 2023 by generative AI researchers, physicians, hospital administrators and Medicare experts, with team members drawn from El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google and Nvidia. Its first commercial product, a task-specific generative AI healthcare agent, was released in June 2024. It markets a catalog of over 1,000 AI healthcare agents organized by care setting (provider, payor, pharma), medical specialty and organizational goal [0][1][6][7].

By November 2025 the company reported more than 50 enterprise health system, payor and pharma partners across six countries, over 1,000 clinical use cases, and over 115 million clinical patient interactions with no reported safety issues; its own website cites 250M+ patient interactions, 300+ live clinical use cases, 50+ EMR integrations including Epic, and 31,000+ patients escalated to nursing care [0][1][4][6]. It is headquartered in Palo Alto, California [4].

Founding story

CEO Munjal Shah, previously co-founder of Andale (1999), Like.com (acquired by Google) and Health IQ (2013), founded Hippocratic AI in 2023 after concluding that generative AI could address healthcare cost, outcome and workforce-shortage problems. The company was founded by a group of generative AI researchers, physicians, hospital administrators and Medicare experts, including people from El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google and Nvidia. General Catalyst describes itself as having co-created the company [4][6][7].

Business model

Enterprise B2B: Hippocratic AI contracts with health systems, payors and pharmaceutical/life sciences companies to deploy its AI agents against defined clinical and administrative use cases, integrating with electronic medical record systems (50+ integrations, including Epic). The company states that its contracts take on liability for agent performance [0][1][4][6].

Traction

As of the November 2025 Series C announcement: partnerships with more than 50 large health systems, payors and pharma clients across six countries; over 1,000 clinical use cases built; and more than 115 million clinical patient interactions with no safety issues, achieved in the 15 months since commercialization. The company's website cites 250M+ patient interactions, zero incidents of harm since inception, 31,000+ appropriate escalations to nursing care, 300+ clinical use cases live, and 50+ EMR integrations. Named customers include Cleveland Clinic, Northwestern Medicine, Ochsner Health, Moffitt Cancer Center, University Hospitals, Guy's & St Thomas' NHS Trust, Advocate Health, Cincinnati Children's Hospital, Sanford Health, OhioHealth, Memorial Hermann, Eucalia, VNS Health, WellSpan Health, Sheba Medical Center, Universal Health Services, Cleveland Clinic Abu Dhabi, HonorHealth, Burjeel, Medical Mutual, Fraser Health, Leidos and LeanTaaS [0][1][4][6].

Latest developments

On November 3, 2025 the company announced a $126 million Series C at a $3.5 billion valuation led by Avenir Growth, to fund broader and deeper worldwide customer deployments, continued investment in its Polaris Safety Constellation Architecture, product innovation, and strategic M&A; CEO Munjal Shah said acquisition targets would not be competitors in the healthcare AI market. Recent operational moves include selecting Fivetran for its data foundation, a partnership with Eraas Health to integrate environmental analytics into preventive care workflows, deployment of voice agents for non-diagnostic patient support with University Hospitals, and completion of a SOC 2 Type II audit [4][5][6].

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

Market position

Investors and the company describe Hippocratic AI as a leader in the agentic healthcare category; CEO Munjal Shah asserts it is the market leader in patient-facing clinical AI agents. Andreessen Horowitz general partner Julie Yoo characterized it as among the fastest growing enterprise healthcare companies of recent years. Its valuation rose from $1.64 billion after the Series B to $3.5 billion after the Series C [4][6].

The company positions safety as its primary differentiator and competitive moat: agents that do not diagnose or prescribe, a supervising multi-model constellation architecture, large-scale clinician-run test calling, live-call safety sampling, nurse escalation protocols, contractual liability for agent performance, and a stated record of no incidents of harm across its production interactions [0][1][4][6].

Technology

Hippocratic AI built a safety-focused large language model for non-diagnostic healthcare services, described on its site as a novel 5.0T+ parameter 'constellation' architecture and in press materials as the Polaris Safety Constellation Architecture. The company says nearly 30 supporting LLMs supervise the primary model. Safety processes include output testing, more than 7,000 U.S.-licensed clinicians conducting roughly 500,000 test calls, sampling of 0.5%-1% of live calls for safety review, and validated nurse guidelines that trigger real-time escalation to a human nurse. The company also built its own speech recognition system, which it says has a 6% word error rate versus roughly 12% for off-the-shelf systems, and is developing capabilities for patients with slurred speech or mild cognitive impairment. It states its LLM outperformed OpenAI's GPT-4 on 105 of 114 healthcare exams and certifications. The company completed a SOC 2 Type II audit [0][1][4][5][6][7].

Go-to-market

The company sells directly to large enterprise healthcare organizations across three segments — provider, payor and life sciences/pharma — and publishes a browsable catalog of more than 1,000 pre-built agent use cases filterable by specialty and organizational goal to support adoption. Named deployments and co-development relationships with prominent health systems (e.g., Cleveland Clinic, Northwestern Medicine, University Hospitals, WellSpan Health) serve as reference accounts, and several customers (Universal Health Services, Cincinnati Children's, WellSpan Health) are also investors [0][1][4][6].

Hospital and health systems, health plans/payors, and pharmaceutical and life sciences companies. As of November 2025 the company reported working with payors representing more than 5 of the top 10 payors and 3 of the top 8 pharma companies; its website cites 7 of the top 20 pharma companies [0][1][4].

Geography

Headquartered in Palo Alto, California, with clients in six countries. International customers and deployments named include Guy's & St Thomas' NHS Trust (UK), Sheba Medical Center (Israel), Cleveland Clinic Abu Dhabi and Burjeel (UAE), and Fraser Health (Canada). Series C proceeds are earmarked in part for international expansion [4][5][6].

History

Founded in 2023 and launched publicly with a safety-focused healthcare LLM; the company raised $65 million in seed funding since its 2023 launch, followed by a $53 million Series A in March 2024 that was later expanded to $70 million. Its first commercial product, a task-specific generative AI healthcare agent, shipped in June 2024. A $141 million Series B in January 2025 valued the company at $1.64 billion and coincided with the rollout of an AI agent app store. In November 2025 it closed a $126 million Series C at a $3.5 billion valuation, bringing total funding to $404 million [4][5][6].

Risks & controversies

No controversies are described in the available sources. Stated risk-relevant context includes the company's own acknowledgement that generative AI agents are not yet safe enough to operate within the scope of a physician, its restriction of agents to non-diagnostic tasks, a crowded healthcare generative AI market, and its assumption of contractual liability for agent performance [0][1][4][6].

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

Key figures

latest reported
AI healthcare agents in catalogJan 20251000+
Clinical patient interactions completedNov 2025115,000,000 interactions (over, with no safety issues)
Clinical use cases builtNov 20251,000 use cases (over)
Clinical use cases live todayJan 2025300+
Countries with clientsNov 20256
EMR integrationsJan 202550+, including Epic
Enterprise customers (health systems, payors, pharma)Nov 202550 partners (more than)
HeadcountAug 2026343
Healthcare exams and certifications where model outperformed GPT-4Jan 2024105 of 114
Incidents of harm since inception (company website)Jan 20250 incidents
Model architecture sizeJan 20255.0T+ parameter constellation architecture
Months since commercialization at Series CNov 202515 months
Patient interactions (company website)Jan 2025250M+
Patients escalated to nursing careJan 202531K+
Safety test calls madeNov 2025500,000 test calls
Share of live calls sampled for safetyJan 20250.5%-1%

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

Competitors · 3

by search overlap

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

Timeline · 8

launches, deals, and filings
Nov 2025
Hippocratic AI closes $126M Series C at $3.5B valuation led by Avenir Growth

Series C financing bringing total funding to $404 million, to fund customer deployment expansion, international growth, Polaris Safety Constellation Architecture investment, product development and strategic M&A.

$126M source ↗

Jan 2025
$141M Series B at $1.64B valuation

Series B round that gave the company unicorn status, announced alongside the rollout of its AI agent app store.

$141M source ↗

Jan 2025
Collaboration with University Hospitals to deploy voice agents for non-diagnostic patient support

source ↗

Jan 2025
Partnership with Eraas Health on environmental analytics in preventive care

source ↗

Jan 2025
Selected Fivetran for compliant data foundation

source ↗

Jan 2025
Completed SOC 2 Type II audit

source ↗

Jun 2024
First commercial product released

Released its first commercial product, a generative AI-based, task-specific healthcare agent.

source ↗

Mar 2024
$53M Series A

Series A funding, later expanded to $70 million.

$53M source ↗

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

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 Hippocratic AI do?
Healthcare company building safety-focused generative AI voice agents that handle non-diagnostic patient-facing tasks.
Who founded Hippocratic AI?
Hippocratic AI was founded by Munjal Shah, Dr. Meenesh Bhimani, Vishal Parikh, Subho Mukherjee, Saad Godil, Subhabrata (Subho) Mukherjee, Kim Parikh, Hemant Taneja in 2023.
Who are Hippocratic AI's investors?
Hippocratic AI's investors include Andreessen Horowitz, General Catalyst, Avenir Growth Capital, Catalio Capital Management, LP, Founders Circle Capital, Greycroft, Hakluyt Capital, Kleiner Perkins and 3 more.
How much funding has Hippocratic AI raised?
Hippocratic AI has disclosed $126M raised across 1 of its 7 known rounds.