STAT+: Nabla raises $70 million as market for AI tools to help doctors heats up

AI developer Nabla has raised $70 million as the company looks to expand the capabilities of its software that automates clinical documentation.

Jun 17, 2025 - 09:45
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STAT+: Nabla raises $70 million as market for AI tools to help doctors heats up

Artificial intelligence developer Nabla has raised $70 million as the company looks to expand its software that automates clinical note-taking to additional applications, like billing.

The fundraise, led by HV Capital, follows rapid adoption of ambient scribe technology among health systems hoping to address clinician burnout. Since 2023, it has been among the best-funded applications of AI in health care, including substantial raises from Nabla competitors: Abridge announced it raised $250 million in February, and both Ambience and Suki announced $70 million fundraises in 2024. Microsoft-owned Nuance is also a competitor.

Nabla was founded in 2018 by a team that includes engineers Alex LeBrun and Martin Raison who came from Facebook, which had acquired their company, Wit.ai, in 2015. “We were seeking redemption from selling ads,” LeBrun, the company’s CEO, told STAT. They turned to health care as a way to apply their AI skills to “something useful.” (Before Facebook, LeBrun’s previous company, VirtuOz, was acquired by Nuance.)

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