Nabla Series C Brings Agentic AI to the Heart of Healthcare

Healthcare’s “zero-screen future” is looking closer than ever after Nabla locked in $70M of Series C funding to put AI agents to work restoring the human connections at the heart of the industry.

Ambient AI is hot, but Agentic AI is hotter. The round follows a wave of adoption across U.S. health systems as Nabla sets its sights on growing beyond its roots in ambient documentation.

  • Nabla’s AI assistant is now used by 85k clinicians across 130+ healthcare orgs, ranging from FQHCs and rural hospitals to academic medical centers and national providers.
  • In the past six months, Nabla’s grown its Live ARR by over 5X (meaning its annual recurring revenue from clients that have already gone-live, not “contracted” revenue, and definitely not annual run rate).

The key to Nabla’s success has been its ability to deliver highly personalized AI experiences without compromising on reliability, and the fresh funds will help build out an Adaptive Agentic Platform that brings that same ethos to new use cases:

  • Proactive Coding Agent – a real-time coding assistant that flags billing issues and surfaces compliance nudges.
  • Context-Aware Agent – strengthens existing support for patient summaries and pre-charting with direct EHR commands and the ability to initiate orders.
  • Custom Care Setting Agent – adds new capabilities for nurses and inpatient teams to bring tailored support to frontline workers.

The Agent Era has arrived. The days when every ambient scribe demo got a standing ovation are long gone, and health systems are looking for AI that can automate increasingly complex workflows (or better yet, generate revenue that justifies its cost).

  • Nabla clearly got the memo, but so did competitors like Abridge, Ambience, and Suki – all of which are actively working to add coding and other new features to their platforms.
  • The race is on, and the entire healthcare industry – patients and providers alike – should be better off because of it.

The Takeaway

Nabla’s been making quick progress toward some ambitious goals, and agentic AI just raised the goalpost even higher. In the words of CEO Alex LeBrun, “Our mission: bring agentic AI to clinicians in a safe, compliant, and ethical framework. The journey?‍ 1% done.”

Nabla Kicks Off the Year With $24M Series B

Nabla hit the ground running in 2024 with the close of $24M in Series B funding, vaulting the startup’s valuation to $180M less than year after the US launch of its Nabla Copilot ambient AI assistant.

Nabla Copilot checks all the usual boxes for an automated clinical note solution, quickly transforming patient-provider conversations into note drafts that can be customized to meet different format preferences.

  • Since the US rollout in March of last year, Nabla Copilot has grown to over 20k users at small practices and larger systems alike, mostly split between primary care physicians (50%), mental health providers (30%), and a mix of other specialties.
  • While Paris-based Nabla maintains a strong position in the European market, it hasn’t wasted any time finding US customers, and recently chained together marquee partnerships with Permanente Medical Group and NextGen Healthcare.

Nabla’s approach to model development is where it starts to differentiate itself from a pack of equally hungry competitors like Abridge (which just closed its own Series B) and Nuance (which is full-speed-ahead with the deployment of DAX Copilot).

  • Although Nabla has historically leveraged GPT-4 to power its backend, it’s now focused on migrating toward a combination of homegrown and open source AI models like those championed by Meta AI Chief Yann Lecun, also an early investor.
  • By constantly testing and fine-tuning different models for specific tasks, Nabla is aiming to be one of the most nimble companies in the medical scribe arena, while also sidestepping the hefty licensing fees charged by commercial models.

The next step for Nabla outside of breaking its reliance on OpenAI is to launch a new solution geared toward automatically generating billing codes, which could debut before the end of the quarter. Mandarin, Portuguese, and Russian translation features are also on this year’s roadmap, and would add to Nabla’s existing capabilities for English, French, and Spanish.

The Takeaway

Nabla is making its agility the driving force behind its business strategy, turning away from generalist AI models in favor of a collection of more narrow algorithms designed to excel at specific use cases. It now has another $24M to fuel the transition, and also hinted that another $10M could be on the way as early as February.

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