Heidi invests nearly $26 million to establish Toronto as North American headquarters
- On Tuesday, Melbourne-based AI startup Heidi announced $340 million in Series C funding, doubling its valuation to $900 million with existing investor Blackbird Ventures leading the equity round.
- Heidi's platform automates clinical notes and administrative work for doctors, with annual recurring revenue surging from $1 million to $50 million in two years, driving valuation to nearly double the $465 million reported last October.
- The $340 million comprises $100 million in equity and $240 million from General Catalyst's Customer Value Fund, a debt-like instrument. The platform has supported more than 175 million patient visits and over 67 million clinical hours.
- CEO Thomas Kelly stated the capital supports establishing a North American headquarters in Toronto, where Heidi will hire 30 staff. The company recently appointed Dr. Sameer Shaikh to lead clinical strategy across Canada.
- Plans include adding 150 staff over the next year while expanding into Asia and the Middle East. The firm faces scrutiny regarding data privacy and accuracy of AI-generated clinical notes in health systems.
19 Articles
19 Articles
Heidi raises $340m at a $900m valuation
From the day I started Heidi, the ambition was always bigger than writing doctor’s notes. Dr Thomas Kelly said that on Tuesday, as the company he cofounded announced US$340m of new funding. The money arrives in two parts. In its announcement, Heidi said Blackbird led a US$100m Series C that values the Melbourne company at […] This story continues at The Next Web
AI Startup Heidi Doubles Valuation to $900 Million in New Round
Heidi, an artificial intelligence startup which helps doctors automate clinical notes and other administrative work, raised $340 million to tap growing demand for AI tools that can make healthcare workers more productive.
AI Healthcare Solution Heidi Secures $100m in Series C Round
It’s a major series of funding rounds so far for Heidi, here are the details; Heidi, the AI Care Partner for clinicians globally, today announced the close of a US$100 million Series C funding round [...] The post AI Healthcare Solution Heidi Secures $100m in Series C Round appeared first on .
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