Healthcare startup Suki scores $70 million in funding to develop AI hospital assistants

Suki, a healthcare tech startup focused on building AI assistants for medical professionals, has raised $70 million in a Series D funding round, the company shared with Reuters. Investors are betting big on the rise of generative AI tools in the healthcare space, fueling the demand for applications like Suki’s.
The funding was led by London-based investment firm Hedosophia, with contributions from Venrock and March Capital, pushing Suki’s total funding to $165 million. While Suki didn’t reveal its current valuation, a source close to the deal estimated it to be around $500 million.
CEO Punit Soni said that the new capital will go toward enhancing their AI assistant’s capabilities, expanding features, and developing tools to manage multiple AI models within the platform.
Founded in 2017 by Soni, a former Google and Flipkart executive, Suki is building AI voice assistants aimed at easing the administrative burden on healthcare providers. The company’s flagship products, Suki Assistant and Suki Platform, have seen growing adoption since the rise of AI applications like OpenAI’s ChatGPT. As healthcare organizations across the U.S. explore how AI can support clinical tasks, Suki’s tools are gaining traction.
“We are in a new phase of growth. The healthcare industry is clamoring for AI and we are proud to offer a suite of full-featured solutions that seamlessly interoperate with existing tools. With the support of our investors, we’ll accelerate our growth, diversify Suki’s capabilities, and deepen relationships with strategic partners such as MedStar Health, one of the most important collaborators in Suki’s history,” Soni said in a statement.
Soni continued, “MedStar Health was fundamental in helping us build essential capabilities including our bidirectional and seemingly ‘invisible’ EHR integration, which is why we have the highest clinician adoption rates in the industry. Together, we have demonstrated how a technology company and health system can meaningfully innovate together and advance physician well-being and patient care.“
Clinician burnout remains a major challenge in the healthcare industry, with over half of physicians reporting it largely due to administrative overload. AI-powered assistants, like Suki’s, offer a potential solution by automating these tasks and improving the overall care experience. Suki’s goal is to free clinicians from the administrative burden, allowing them to focus more on patient care.
With a team that boasts experience from top tech companies like Apple, Google, and IBM Watson, Suki is reimagining healthcare technology to be more seamless and supportive, helping clinicians spend more time doing what they love—caring for patients.
With this funding, Suki now has the war chest to compete in a crowded speech recognition market. Its competitors include major players like Microsoft’s Nuance, whose Dragon Medical One is the industry leader in clinical documentation and voice recognition. Additionally, startups like Abridge, which has raised $150 million to advance its medical AI technology, add to the competitive landscape Suki must navigate, according to Reuters.

Suki Founder and CEO Punit Son