a16z led a $300 million E-round financing in AI medical startup Abridge, with a valuation of $5.3 billion

Gate News bot message, according to The Wall Street Journal, artificial intelligence medical record startup Abridge completed a $300 million Series E financing, with a valuation increased to $53 billion.

This round of financing is led by Andreessen Horowitz (a16z), with Khosla Ventures participating.

Prior to this, Abridge completed a $250 million Series D financing in February, with a valuation of $2.75 billion.

This seven-year-old company focuses on medical record automation and has integrated its technology with the leading electronic health record platform Epic Systems.

According to reports, the technology of Abridge was founded by heart disease expert Shiv Rao and has been adopted by more than 150 major medical systems in the United States.