Suki Raises $70M to Expand AI Assistants for Healthcare

Suki, a company specializing in AI-powered voice assistants for healthcare, has secured $70 million in a Series D funding round. This latest investment round was led by Hedosophia, a tech-focused firm based in London, with additional support from Venrock and March Capital. The funding brings Suki’s total raised capital to $165 million.

Company Valuation and Growth Plans

Although Suki did not officially disclose its current valuation, sources familiar with the funding estimate the company’s worth at approximately $500 million. The new funding will be used to accelerate product innovation, adding new functionalities to their AI assistant tools and developing solutions for managing multiple AI models.

Reducing Administrative Work in Healthcare

Founded in 2017 by former Google and Flipkart executive Punit Soni, Suki’s mission is to alleviate the administrative burden on healthcare professionals. Its flagship products, Suki Assistant and Suki Platform, help streamline clinical documentation and other administrative tasks. With the rise of generative AI tools like ChatGPT, healthcare systems have increasingly turned to AI solutions to support doctors’ workloads, positioning Suki as a leader in this space.

“When the AI trend kicked in, every health system wanted to have an AI strategy,” Soni explained. He noted that Suki’s early entrance into AI development allowed it to create a unique technology stack tailored specifically to healthcare needs.

Strategic Partnerships and EHR Integration

Suki has established partnerships with over 300 healthcare systems, including St. Mary's Healthcare in New York. The startup also boasts the broadest integration of Electronic Health Record (EHR) systems in the industry, collaborating with platforms like Epic, Cerner (now owned by Oracle), Athena, and MEDITECH. This wide-ranging integration helps Suki’s AI assistants fit seamlessly into healthcare providers’ existing systems.

Competition in the AI Healthcare Market

Suki is competing with several other companies in the healthcare AI space, including Microsoft-owned Nuance, which offers Dragon Medical One for speech recognition and clinical documentation. Another competitor is Abridge, a startup that has raised $150 million to develop AI tools focused on medical documentation and analysis.

What This Means for AI & Healthcare

Suki’s funding signals a deeper integration of AI in healthcare, moving beyond experimental phases to becoming essential for improving operational efficiency. By reducing administrative burdens, AI tools like Suki’s allow healthcare providers to focus more on patient care, marking a significant step in the industry’s shift towards AI-driven solutions that optimize workflows and improve overall care delivery.