Hippocratic AI, Inc. announced that it has raised $53 million in the round of funding co-led by returning investor, General Catalyst Group Management, LLC and new investor, PremjiInvest on March 18, 2024. The transaction included participation from new investors, Memorial Hermann Healthcare System, Inc., SV Angel, returning investors, Universal Health Services, Inc., Wellspan Health, Cincinnati Children's Hospital Medical Center, and a16z Bio + Health, a fund managed by Andreessen Horowitz LLC. The round get oversubscribed.

The company has raised $120 million of funding till date. The round get post-money valuation of $500 million.