GENERATIVE AI | HEALTHCARE | LLM |
Hippocratic AI: SAFETY FOCUS — GENERATIVE AI FOR HEALTHCARE
Hippocratic AI is a healthcare-focused generative artificial intelligence startup founded in 2023 by Munjal Shah, alongside a team of physicians, hospital administrators, and AI researchers from prestigious institutions like Johns Hopkins and Stanford. The company is headquartered in Palo Alto, California, and has quickly gained attention for its innovative approach to addressing healthcare staffing shortages through AI technology.
Company Profile and Demographics
Founded: 2023
Location: Palo Alto, California
Founder: Munjal Shah
Industry Focus: Healthcare AI solutions
Valuation: $500 million (as of March 2024)
Total Funding: $120 million
URL : https://www.hippocraticai.com/
Funding History
Hippocratic AI has successfully raised capital through several funding rounds:
- Seed Round: $50 million co-led by General Catalyst and Andreessen Horowitz in May 2023.
-Series A Round: $53 million in March 2024, co-led by General Catalyst and Premji Invest, with participation from other investors like Andreessen Horowitz and SV Angel.
Core Generative AI Solutions
Hippocratic AI is developing the first safety-focused Large Language Model (LLM) specifically designed for healthcare applications. The company’s solutions aim to automate low-risk, non-diagnostic tasks that can alleviate the burden on healthcare professionals.
Key features include:
Evidence-Based Training: The model is trained on a comprehensive dataset that includes clinical care plans, medical manuals, and drug databases.
Safety Protocols: A three-part safety approach comprising a primary model with 70B-100B parameters, a constellation architecture of multiple models totaling over one trillion parameters, and built-in human oversight mechanisms.
Models Being Created
The company is focused on creating generative AI agents capable of performing various healthcare tasks, including:
- Chronic care management
- Post-discharge follow-ups
- Health risk assessments
- Medication reminders
These models are designed to operate under supervision until they pass rigorous safety testing phases.
Practical Applications
Hippocratic AI’s technology has practical applications aimed at enhancing healthcare delivery:
1)Staffing Marketplace: A platform where healthcare organizations can “hire” generative AI agents to assist with patient-facing services.
2) Addressing Workforce Shortages:By automating routine tasks, the company seeks to mitigate the projected shortfall of 10 million healthcare workers by 2030 as estimated by the World Health Organization.
3) Real-Time Patient Interaction: Through partnerships with companies like Nvidia, Hippocratic AI is working to reduce latency in AI responses to enhance patient experiences.
Overall, Hippocratic AI is positioned to play a significant role in transforming healthcare systems by improving accessibility and efficiency while ensuring safety through its innovative use of generative AI technology.
Citations:
[1] https://www.allianceofceos.com/news_member/detail/munjal-shahs-hippocratic-ai-reaches-500-million-valuation
[2] https://uhs.com/hippocratic-ai-raises-53-million-series-a-at-a-500-million-valuation/
[3] https://www.businesswire.com/news/home/20241112845741/en/Hippocratic-AI-Establishes-a-Healthcare-Advisory-Board-Comprised-of-Seven-Industry-Visionaries-and-Business-Leaders
[4] https://www.globenewswire.com/news-release/2023/05/16/2670039/0/en/Hippocratic-AI-Launches-With-50-Million-Seed-Round-Co-Led-by-General-Catalyst-and-Andreessen-Horowitz-to-Build-Safety-Focused-Large-Language-Model-for-Healthcare.html
[5] https://www.linkedin.com/company/hippocratic-ai-health
[6] https://hospitalogy.com/articles/2023-05-25/hippocratic-ai-50m-investment/
[7] https://www.ourcrowd.com/startup/hippocratic-ai
[8] https://www.healthtechalpha.com/venture/hippocratic-ai
#AI #HEALTHCARE #GENAI #LLM #AI #EVIDENCEBASED TRAINING
