THE PRIVATE LEDGERPRIVATE MARKETS. INDEPENDENT THINKING.The research deskJoin our Discord Subscribe
← All companies

Abridge

Healthcare AI · Pittsburgh, Pennsylvania · Private

Abridge provides ambient AI documentation that listens to clinical conversations and drafts notes inside electronic health records.

$5.3BLatest valuationApril 2026, reported by secondary-market data providers
$316MLatest fundingSeries E extension, reported
150+Health systemsCompany reported
PrivatePublic statusNo confirmed IPO

The Company

Abridge was founded in 2018 by cardiologist Dr. Shiv Rao. Its software listens to conversations between clinicians and patients and drafts clinical notes directly in electronic health records, reducing documentation time for doctors.

Abridge raised a $300 million Series E led by Andreessen Horowitz in June 2025, with Khosla Ventures participating, and says more than 150 large U.S. health systems use its product. A $316 million extension at a $5.3 billion valuation was reported in April 2026 by secondary-market data providers, without a company announcement.

Why It Matters

Abridge is the leading example of vertical AI in healthcare and a read-through for how quickly hospitals adopt AI in clinical workflows.

Valuation History

  1. $5.3B→Apr 2026Series E extension, reported

What Changed

  1. Abridge is founded by Dr. Shiv Rao.

  2. A $300M Series E is led by Andreessen Horowitz.

  3. A $316M extension at $5.3B is reported.

THE NEXT COMPANY. A CLEARER PICTURE.

Get the next breakdown.

Independent company research and perspectives on private markets, delivered through The Private Ledger on Substack.

Copy this link

Your browser could not copy automatically. Select and copy the link below.