Suki Collects $55 Million in Funding Round
Suki, a provider of voice artificial intelligence (AI) technology for health care, has closed a Series C funding round of $55 million. The company will use the influx of money to advance the AI capabilities of Suki Assistant and Suki Speech Platform and to add features that streamline documentation, coding, and other administrative tasks for doctors.
"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, CEO of Suki, in a statement. "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"
"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, the lead investor in the funding round. "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."
nVoq brings cloud-based medical speech recognition technology to a partnership with Suki.