Healthcare startup Abridge raises $250 million to enhance AI capabilities

Abridge, a startup that uses artificial intelligence to build medical documents, said on Monday it raised $250 million in a funding round co-led by Elad Gil and IVP.

Investors in the funding round included Lightspeed Venture Partners, CVS Health Ventures, Redpoint Venture and NVentures – Nvidia‘s venture capital arm.

AI startups captured a record 46.4% of the total $209 billion raised by US startups in 2024, compared with less than 10% a decade earlier.

Abridge did not disclose the valuation at which the amount was raised. The company was valued at…