Palo Alto, Calif.-based Hippocratic AI, a company building a Large Language Model (LLM) for healthcare, has closed a $53 million Series A funding round. The round was co-led by Premji Invest and General Catalyst, with participation from SV Angel and Memorial Hermann Health System. Existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS) also participated in the investments.
The latest investment pegs Hippocratic AI at a 500 million valuation. The company has raised $120 million to date.