Abridge Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Private

  • Employees
  • 188

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $250M

  • Investors
  • 35

Abridge General Information

Description

Developer of a healthcare application designed to bring context and understanding to every medical conversation. The company's application uses machine learning to offer an audio-based system to record and summarize medical conversations, give insights and meaning to them, enabling users to follow through with the doctors' recommendations and stay updated.

Contact Information

Website
www.abridge.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 500 Grant Street
  • Suite 2900
  • Pittsburgh, PA 15219
  • United States
Primary Industry
Managed Care
Other Industries
Enterprise Systems (Healthcare)
Medical Records Systems
Other Healthcare Technology Systems
Vertical(s)
LOHAS & Wellness, Digital Health, Artificial Intelligence & Machine Learning, HealthTech, Mobile
Corporate Office
  • 500 Grant Street
  • Suite 2900
  • Pittsburgh, PA 15219
  • United States

Abridge Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Abridge Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC 11-Oct-2024 $250M Completed Generating Revenue
6. Later Stage VC (Series C) 22-Feb-2024 Completed Generating Revenue
5. Later Stage VC (Series B) 20-Oct-2023 Completed Generating Revenue
4. Later Stage VC (Series A1) 18-May-2023 Completed Generating Revenue
3. Early Stage VC 11-Aug-2022 Completed Generating Revenue
2. Early Stage VC (Series A) 06-Oct-2020 $10M $15M Completed Generating Revenue
1. Seed Round 31-Jan-2019 $5M $5M Completed Startup
To view Abridge’s complete valuation and funding history, request access »

Abridge Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B
Series A1
Series A 2,130,677 $0.000100 $4.77 $4.77 1x $4.77 11.37%
Seed 2,187,596 $0.000100 $2.43 $2.43 1x $2.43 11.67%
To view Abridge’s complete cap table history, request access »

VC Exit Predictor

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Opportunity Score

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Exit Type

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Abridge Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a healthcare application designed to bring context and understanding to every medical conversation. The com
Managed Care
Pittsburgh, PA
188 As of 2024

San Francisco, CA
 

Paris, France
 
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Abridge Competitors (4)

One of Abridge’s 4 competitors is Ambience Healthcare, a Venture Capital-Backed company based in San Francisco, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ambience Healthcare Venture Capital-Backed San Francisco, CA
Nabla Venture Capital-Backed Paris, France
Suki Venture Capital-Backed Redwood City, CA
DeepScribe Venture Capital-Backed San Francisco, CA
To view Abridge’s complete competitors history, request access »

Abridge Patents

Abridge Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240281596-A1 Edit attention management Pending 22-Feb-2023
US-20240281594-A1 Artificial intelligence assisted editing Pending 22-Feb-2023
US-20240281710-A1 Handling multi-loop feedback for machine learning model pipelines Pending 22-Feb-2023
US-20230367973-A1 Surfacing supplemental information Pending 12-May-2022
US-20230334263-A1 Automating follow-up actions from conversations Pending 13-Apr-2022 G06F40/40
To view Abridge’s complete patent history, request access »

Abridge Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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Abridge Investors (35)

Investor Name Investor Type Holding Investor Since Participating Rounds
Atria Ventures Venture Capital Minority
CapitalG Growth/Expansion Minority
Elad Gil Angel (individual) Minority
SV Angel Venture Capital Minority
ApSTAT Technologies Holding Company Minority
You’re viewing 5 of 35 investors. Get the full list »

Abridge FAQs

  • When was Abridge founded?

    Abridge was founded in 2018.

  • Where is Abridge headquartered?

    Abridge is headquartered in Pittsburgh, PA.

  • What is the size of Abridge?

    Abridge has 188 total employees.

  • What industry is Abridge in?

    Abridge’s primary industry is Managed Care.

  • Is Abridge a private or public company?

    Abridge is a Private company.

  • What is the current valuation of Abridge?

    The current valuation of Abridge is .

  • What is Abridge’s current revenue?

    The current revenue for Abridge is .

  • How much funding has Abridge raised over time?

    Abridge has raised $464M.

  • Who are Abridge’s investors?

    Atria Ventures, CapitalG, Elad Gil, SV Angel, and ApSTAT Technologies are 5 of 35 investors who have invested in Abridge.

  • Who are Abridge’s competitors?

    Ambience Healthcare, Nabla, Suki, and DeepScribe are competitors of Abridge.

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