Aidoc, the leading clinical AI platform with the highest number of FDA-cleared solutions in its category, today announced a $150 million financing round to accelerate the development of CARE™, the company’s clinical-grade foundation model that assists physicians in clinical decisions. The round was led by General Catalyst and Square Peg, with participation from NVentures (NVIDIA’s venture capital arm) and four major U.S. health systems, including Hartford HealthCare, Mercy, Sutter Health and WellSpan Health.
This round also includes a $40 million revolving credit facility, bringing the company’s total funding to $370 million. The investment builds on a wave of momentum: two CARE-powered solutions have earned FDA clearance, and new enterprise-wide rollouts were announced in the past month at Advocate Health and Sutter Health.
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Aidoc currently supports care for more than 45 million patients annually across 150+ health systems, growing to 100 million in three years. Leading health system partners also include Mount Sinai Health System, Yale New Haven Health System, Northwell Health, University of Miami Health System and Temple Health.
“Our mission is to reduce diagnostic errors and improve patient outcomes,” said Elad Walach, Chief Executive Officer of Aidoc. “CARE compresses decades of roadmap into years, bringing forward a future where AI supports every patient encounter, helping physicians provide the care they believe their patients deserve.”
The funding will also support the expansion of aiOS™, Aidoc’s enterprise-grade platform for deploying and governing clinical AI at scale. With a growing focus on enabling an open ecosystem, the investment will accelerate efforts to support seamless integration of both Aidoc and third-party AI solutions.
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“At Hartford HealthCare, we have seen the significant impact that AI has had on outcomes, and we believe the future of healthcare must be grounded in trust, innovation and compassion. Our Center for AI Innovation in Healthcare and our collaboration with Aidoc reflect our commitment to advancing AI in a safe, scalable and thoughtful way, supporting clinicians and improving care for those we serve,” said Jeffrey A. Flaks, President and Chief Executive Officer of Hartford HealthCare.
