US-based Suki, a leading company providing healthcare voice solutions powered by AI, raised USD 55 million on 7th December.
Investors: The round was led by March Capital alongside Philips Ventures provided additional support. Several existing investors include Venrock, Flare Capital, Breyer Capital, and inHealth Ventures, participated in the round. Also participating in the round are leading figures from technology, healthcare, and finance, including Gaingels Group, Pankaj Patel (former CDO of Cisco), Andrew Deutsch (CEO of RIMA Radiology), and Russell Farscht (former Managing Director at The Carlyle Group).
Purpose of funding: Using these funds, the startup will partner with leading health systems and medical groups to expand its user base through strategic investments. The startup also plans to strengthen employee development and growth. Additionally, Suki will enhance its AI capabilities in its voice-enabled digital assistant, Suki Assistant, and its speech platform, Suki Speech Platform.
About Suki
Founded in 2016 by Anshu Sharma, Karthik Rajan, and Punit Soni, Suki is located in Redwood City, US. Suki is a leading company providing healthcare voice solutions powered by AI. Its goal is to reimagine the health care tech platform by making it invisible and helpful to physicians to relieve administrative burdens.
The company’s flagship product, Suki Assistant, is an AI-enabled, voice-controlled digital assistant that allows physicians to complete administrative tasks 76% quicker on average. It also offers customers a voice platform, Suki Speech Service, through which they can build best-in-class voice experiences for their solutions. The platform uses advanced natural language processing and machine learning technology to provide unmatched accuracy and a fast, realistic voice experience.
What the founder has to say
“We are at a turning point in healthcare, where it’s now imperative to offer technology that improves physician burnout caused by documentation and administrative burden,” said Punit Soni, co-founder, and CEO at Suki.
“With the strong support of our investors, Suki is poised to address this issue at an even larger scale and advance high-value, coordinated care through cutting-edge technology that integrates seamlessly into a physician’s daily practice.”
What the investor has to say
“March was instantly drawn to Suki’s mission to help healthcare organizations lift the administrative burden from doctors so they can focus on taking care of their patients,” said Wes Nichols, partner at March Capital.
“My first exposure to Suki was observing my doctor using his phone to update his EHR and pharmacy, which compelled me to ask him about what he was using. He was thrilled with Suki as a user, and I knew I had to meet the founder. Doctor burnout is a public health crisis which makes Suki’s cutting-edge AI-powered voice assistant a game-changing solution for doctors and health systems everywhere. We look forward to working closely with Punit and the Suki team and applying March’s operational and industry expertise to accelerate Suki’s growth and product innovation.”
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