- Companies
- Ambience Healthcare
Ambience Healthcare Revenue, Valuation, Funding & Investors
Ambience Healthcare is valued at $1.3B as of July 2025, a 32.9x multiple on its last reported $38M revenue.
Last Ambience Healthcare valuation
$1.3B
Series C · Jul 2025
Last Ambience Healthcare funding round
$243M
Series C · Jul 2025
Ambience Healthcare revenue
$38M
Series C · Jul 2025
Key investors in Ambience Healthcare
Andreessen Horowitz
Kleiner Perkins
Optum Ventures
OpenAI Startup Fund
500 Global
Oak HC/FT
About Ambience Healthcare
Ambience Healthcare is a San Francisco-headquartered developer of an AI-powered operating system for clinical documentation and workflows. Its AutoScribe captures patient conversations via ambient microphones, generating SOAP notes, billing codes, and orders in under 10 seconds with 95% accuracy. Integrated with Epic, Cerner, and Athenahealth EMRs, the platform serves 2,000 providers across 500 clinics, reducing documentation time by 75% and raising $70 million in Series B funding in 2023.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$38M (Jul 2025)
Valuation
$1.3B (Jul 2025)
Ambience Healthcare Valuation
Ambience Healthcare is currently valued at $1.3B, based on its Series C in July 2025.
The $243M round was led by Andreessen Horowitz and Oak HC/FT, with participation from OpenAI Startup Fund, Smash Capital, Frist Cressey Ventures, Kleiner Perkins, Town Hall Ventures and 3 other investors.
Ambience Healthcare valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2025 | Series C | $1.3B | 32.9x |
Ambience Healthcare Revenue
Ambience Healthcare's latest recorded revenue is $38M, as of its Series C in July 2025. At a $1.3B valuation, that implies a 32.9x revenue multiple.
Ambience Healthcare revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2025 | $38M | $1.3B | 32.9x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Ambience Healthcare Funding History
Ambience Healthcare has raised a total of $319M across 3 funding rounds.
Ambience Healthcare's first fundraising round was a $6M seed round in September 2020. The most recent completed round was a $243M Series C in July 2025.
Ambience Healthcare funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series C | Andreessen Horowitz (lead); Oak HC/FT (lead); OpenAI Startup Fund; Smash Capital; Frist Cressey Ventures; Kleiner Perkins; Town Hall Ventures; Georgian; Founders Circle Capital; Optum Ventures | $243M | $1.3B | Ambience Healthcare is a San Francisco-based artificial intelligence platform founded in 2020 by Mike Ng and Nikhil Buduma that automates clinical documentation, medical coding, and clinical documentation integrity (CDI) for healthcare providers. The platform serves as an ambient AI scribe that reduces administrative burden on physicians and nurses by handling documentation and workflow optimization across outpatient clinics, emergency departments, and inpatient hospital settings. It integrates directly with major electronic health record systems including Epic, Oracle Cerner, and athenahealth. In July 2025, Ambience Healthcare announced a $243 million Series C funding round co-led by Oak HC/FT and Andreessen Horowitz, with participation from existing investors OpenAI Startup Fund, Kleiner Perkins, and Optum Ventures, as well as new investors Frist Cressey Ventures, Town Hall Ventures, Smash Capital, Georgian, and Founders Circle Capital. The funding round valued the company at $1.25 billion, achieving unicorn status. To date, Ambience has raised approximately $345 million across all rounds. The company is deployed at leading U.S. health systems including Cleveland Clinic, UCSF Health, Houston Methodist, and Memorial Hermann, supporting more than 100 ambulatory subspecialties, emergency departments, and inpatient specialties. Ambience achieved a 97.7 customer satisfaction score in recent KLAS evaluations and is the first ambient documentation solution with third-party validated, CFO-approved return on investment tied to improved coding accuracy and compliance. The Series C funding will support expansion to additional healthcare organizations, product development acceleration, and broader deployment across the continuum of care. |
| Feb 2024 | Series B | Kleiner Perkins (lead); OpenAI Startup Fund (lead); Andreessen Horowitz; Optum Ventures; 500 Global | $70M | - | Ambience Healthcare, founded in 2020 by Mike Ng and Nikhil Buduma and headquartered in San Francisco, develops the most comprehensive AI operating system for healthcare organizations, focusing on ambient AI tools like AutoScribe for real-time medical scribing and AutoCDI for coding accuracy to reduce clinician burnout, improve efficiency, and enhance revenue cycle performance. The company announced a $70M Series B funding round on February 6, 2024, co-led by Kleiner Perkins and OpenAI Startup Fund, with participation from existing investors Andreessen Horowitz and Optum Ventures, bringing total funding to $100M. The funding aims to scale product roadmap, expand teams, advance AI models for healthcare, and support deployments with major organizations including UCSF, Memorial Hermann Health System, John Muir Health, The Oncology Institute, GI Alliance, Midi Health, and Eventus WholeHealth. Ambience integrates seamlessly with EMRs like Epic, Cerner, eClinicalWorks, Athenahealth, Elation, and AdvancedMD, driving growth through rapid clinician adoption and financial ROI for health systems. The platform targets ambulatory specialties like cardiology, oncology, pediatrics, and ENT, operating in a competitive nascent market of medical AI co-pilots that had raised over $415M by early 2024. A subsequent $243M Series C in July 2025 was co-led by Oak HC/FT and Andreessen Horowitz, with Kleiner Perkins, OpenAI Startup Fund, and Optum Ventures participating, expanding to documentation, coding, CDI across 100+ subspecialties, EDs, and inpatient care for clients like Cleveland Clinic and Houston Methodist. |
| Sep 2020 | Seed | - | $6M | - | By May 2025, Ambience had achieved $30M in ARR, up from $19M at the end of 2024. |
Who has invested in Ambience Healthcare?
11 investors have backed Ambience Healthcare across its funding rounds, including Andreessen Horowitz, Kleiner Perkins, Optum Ventures, OpenAI Startup Fund, 500 Global and Oak HC/FT.
Lead investors include Andreessen Horowitz, Oak HC/FT, Kleiner Perkins and OpenAI Startup Fund.
Ambience Healthcare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2024 | ||
| 2 | Lead | Feb 2024 | ||
| 2 | Lead | Feb 2024 | ||
| 2 | Participant | Feb 2024 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
This data is available for Pro users. Sign up to see all 11 Ambience Healthcare investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAmbience Healthcare Competitors
Ambience Healthcare competitors include listed companies like U.S. Physical Therapy and EverCommerce, and private ones like Cadence Solutions, Viz, MasterControl and AgentSync.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $781M | $110M | $1.2B | 2.3x | ||
| Private | $35M | - | $1.2B | - | ||
| Private | $100M | - | $1.3B | 12.8x | ||
| Private | $100M | - | $1.3B | 13.0x | ||
| Private | $11M | - | $1.2B | 109.1x | ||
| Publicly listed | $589M | $128M | $1.4B | 2.9x |
Ambience Healthcare Public Comps
Ambience Healthcare is still privately-owned, but its public comps include U.S. Physical Therapy, EverCommerce, PHC Holdings, Vitec Software, iFLYHealth, Indegene, Omnicell, HealthStream, MedicalSystem Technology and Hangzhou Pinming Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $2.3B | $320M | 1.0x | 1.0x | 7.2x | 6.5x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $366M | $68M | 3.7x | 3.3x | 19.9x | 18.2x | |||
| $1.2B | $92M | 1.2x | 1.1x | 15.0x | 8.1x | |||
| $304M | $63M | 2.8x | 2.6x | 13.2x | 11.2x | |||
This data is available for Pro users. Sign up to see all Ambience Healthcare competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ambience Healthcare
| When was Ambience Healthcare founded? | Ambience Healthcare was founded in 2020. |
| Where is Ambience Healthcare headquartered? | Ambience Healthcare is headquartered in San Francisco, CA, United States. |
| Is Ambience Healthcare publicly listed? | No, Ambience Healthcare is a private, VC-backed company. |
| What is Ambience Healthcare's valuation? | Ambience Healthcare was last valued at $1.3B in its Series C in July 2025. |
| How much funding has Ambience Healthcare raised? | Ambience Healthcare has raised $319M across 3 funding rounds. |
| What was Ambience Healthcare's last funding round? | Ambience Healthcare's last funding round was a $243M Series C in July 2025, led by Andreessen Horowitz and Oak HC/FT. |
| Who are Ambience Healthcare's investors? | Ambience Healthcare's investors include OpenAI Startup Fund, Kleiner Perkins, Andreessen Horowitz, Optum Ventures, Smash Capital, Frist Cressey Ventures, Town Hall Ventures, Georgian, Founders Circle Capital, Oak HC/FT and 1 other. |
| What is Ambience Healthcare's revenue? | Ambience Healthcare's latest recorded revenue is $38M (July 2025). |
| What is Ambience Healthcare's revenue multiple? | Ambience Healthcare's latest valuation implies a 32.9x revenue multiple ($1.3B valuation on $38M of revenue). |
| Which companies are comparable to Ambience Healthcare? | Companies comparable to Ambience Healthcare include U.S. Physical Therapy, Cadence Solutions, Viz, MasterControl, AgentSync and EverCommerce. |
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