Healthcare AI companies raised $2.8 billion in the first quarter of this year, according to the SVB report titled "The AI-powered Healthcare Experience."
SVB projects funding to AI healthcare companies to total $11.1 billion in 2024.
While healthcare AI startups might have it better, they're not out of the woods.
Healthcare startups using AI for administrative tasks have grabbed $6.6 billion since 2021 and made up 42% of healthcare AI deals in the first quarter of this year, according to SVB.
AdvertisementIn some cases, Big Tech companies are pushing healthcare startups forward.
Persons:
—, Raysa Bousleiman, they're, Siva Namasivayam, Galym, Bousleiman, Shiv Rao Abridge, Lynne Chou O'Keefe, Lightspeed's Imanbayev
Organizations:
Service, Silicon Valley Bank, Business, Big Tech, Abridge, Health, Lightspeed Venture Partners, Google, Fathom, Nvidia, Ventures, Technologies
Locations:
Cohere, Abridge, SVB .