Shiv Rao was always clear to me what the best thing about being a doctor.
In February, When I profiled Rao– CEO and co -founder from moving away and a practicing cardiologist – he told me that he got old with her patients and lived a complete life together. Rao herself has several lives that still appear to take on clinical changes and build up, a KI startup in the healthcare system that is called in the medical transcription. We open up because Abridge is quickly accessible to its future – the company has just collected a series E of 300 million US dollars from Andessen Horowitz with the participation of Khosla Ventures.
“They grow old with their patients, and this is an incredible privilege that doctors and nurses receive,” said Rao. “In this new life we get old with all of our partners. It is a different height. When we grow old with Emperor, we will be old with 26,000 clinicians with Kaiser and the several million of patients to whom these clinicians serve.
The company now has a value of 5.3 billion US dollars and has more than 150 company health systems. Abridge has a competitive competition supported by Venture-in which a capital C-series C and ambience of $ 70 million were collected in June, the supporters of which include small Perkins and A16Z. However, the scale and the growth of abridge are undeniable – when I wrote about in February, the company’s evaluation was 2.75 billion US dollars in February. The natural question becomes at this point: What about an IPO?
“At this point, the amount of capital we have in the bank, the amount we invest in F&E, we have to preserve the entire optionality of the world,” said Rao. “Regardless of whether it should go public for longer or stay private longer, we should optimize for the mission and whatever we will get there. If it comes to a time when it is right for the mission, that’s the right thing.
Rao is of the opinion that the future of AI in healthcare is one that makes the life of doctors and nurses easier, rationalized the billing and has honored the relationship between doctor and patient.
“We founded this company with a thesis that we still believe in: We will not fully automate a doctor or nurse in the next five to ten years,” said Rao. “We still believe absolutely. And if this is true, conversation, spoken dialogue, will continue to drive so many work processes in healthcare, including documentation. We have now also started to demonstrate a secret hiding place in sight – that providers are compensated for care that they document, not the care that they deliver. A sales cycle company together with the other things we do.”
Figma! …While Rao may not sound as if he was in a hurry to go to the stock exchange, there are some news in the IPO front – Figma has submitted to the stock exchange on the New York stock exchange. Read our FIG analysis Here.
See you in the morning,
Allie Garfinkle
X: @Agarfinks
E-mail: Alexandra.garfinklinke@fortune.com
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Nina Ajemian curated the deal area of today’s newsletter. Subscribe here.
Venture deals
– – ClearA digital Financial Services platform based in Mexico City collected $ 170 million in funds. General Atlantic led the round and was accompanied by SantanderPresent degreePresent Televisa groupExisting investors ProsusPresent IFCPresent Capital MoorPresent Quona capitaland other.
– – Genesis AiAn AI Research Lab and Robotics Company based in Paris collected $ 105 million in funds. darkness And Khosla Ventures led the round and was accompanied by BpifrancePresent HSGand other.
– – Syntis organicA boston-based obesity, diabetes and rare diseases of oral therapist developers collected $ 33 million in series A-Financing. Cerberus Ventures led the round and was accompanied by Mansueto investmentPresent Woori Venture PartnersPresent Apollo LabsExisting investors Brave capital partnerPresent WR BerkleyPresent Safar partnerand other.
– – Emerald aiA Washington, DC-based AI-driven energy consumption platform for data centers, collected $ 24.5 million in seed financing. Radical undertakings led the round and was accompanied by NventuresPresent BroadPresent CRVPresent Neotriboand other.
– – remarkA Boston-based AI provider of e-commerce solutions collected $ 16 million in series A-Financing. Inspired capital led the round and was accompanied by StripPresent NeoPresent I hope the undertakingsand other.
– – Scare offA new York City-based customer marketing platform collected $ 12.5 million in series A-Financing. Jump capital led the round and was accompanied by UpwestPresent Tal undertakenPresent MertorAnd Tau undertakes.
– – Civilian roboticsA building robot company based in San Francisco collected $ 7.5 million in series A-Financing. alley led the round and was accompanied by Bobcat CompanyPresent FF risk capitaland existing investors.
– – GreatA search engine based in Prague for developers and AI agents collected $ 5.5 million in financial resources from EarbirdPresent SoPresent Irregular expressionsand angel investors.
– – WarehouseA London-based AI solution in London collected $ 4.8 million in funds. Nexus Venture Partners led the round and was accompanied by South Park CommonsPresent Richard DaviesPresent Alan Morganand other.
Private equity
– – Apollo acquired playing and digital business of International playing technologyA gaming technology developer based in London and eventsA Casino Games Technology supplier based in Las Vegas for approximately $ 6.3 billion in cash. The combined company is operated as an operation Igt.
– – Sendsupported by Abris Capital Partnersacquired Spedire.coma rovereto, Italy-resident shipping platform and ShipmentOne of Rovereto, Italy-based shipping platform, for € 5.5 million ($ 6.5 million).
– – Aquiline Capital Partners acquired the family office from Family Office from BEAn in OAKS, PA, based technology and investment solution providers for financial services. The business is renamed archway. Financial conditions have not been announced.
– – Charger Investment Partners acquired Versa drillAn Indianapoli -based drilling device manufacturer. Financial conditions have not been announced.
– – PlagueA portfolio company of Thompson Street Capital Partnersacquired the assets of Chicagoland Pest ServicesA pest provider based in Chicago. Financial conditions have not been announced.
– – Trinity Hunt Partners acquired a majority stake Blackhawk SupplyA Hoffman Estates, Ill. HLK parts distributor. Financial conditions have not been announced.
Outputs
– – Clio agreed to acquire VexA LegalTech platform based in Miami, from Oakley Capitalwhich reinvested and acquired a minority stake in society. Financial conditions have not been announced.
– Harvest partner acquired The learning experienceA Deerfield Beach, in Florida -based, early childhood education provider, from Golden Gate Capital. Financial conditions have not been announced.
– – Stone point capital acquired The difference cardA Mount Kisco, NY-based health costs content solutions from N.Orthlane Capital Partners. Financial conditions have not been announced.
– – Truelink Capital Management acquired ZepA company based in Atlanta for cleaning solutions, from New mountain capital. Financial conditions have not been announced.
Other
– – Intralot agreed to acquire the international interactive business of Is BallyA gaming company based in Providence with a company value of € 2.7 billion (3.2 billion US dollars).
– – Hig Capital acquired 4 refugeeA mobile provider of tankers based in Toronto, from Finning for up to 400 million US dollars CAD (293 million US dollars).
– – Digital bridge And The cash register acquired YondrA Hyperscale data company based in London. Financial conditions have not been announced.
– – grammar agreed to acquire SuperhumanAn Ai e-mail app based in San Francisco. Financial conditions have not been announced.
Ipos
– – FigmaA web design software company based in San Francisco, which was submitted to the stock exchange at the NYSE. The company achieved sales of $ 821 million for the financial year, which ended on March 31, 2025. Index companyPresent Greylock PartnersPresent Small percinsPresent Sequoia CapitalAnd Dylan Field Back the company.
Fund + Fund of Funds
– – Shore Capital PartnersA private equity company based in Chicago collected $ 450 million for his third fund, which focused on food and beverage companies.
People
– – Behrman CapitalA private equity company based in New York will do Simon P. Lonergan His sole managing director. Grant G. Behrman will resign as managing director and become a senior partner and co -founder.
