Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. Their portfolio includes pinterest, shopify, twilio, yelp, linkedin, pagerduty, docusign, wix, fiverr, and toast, and has $19 billion of assets under management.

Bessemer Venture Partners

Pillar VC partners with unstoppable founders from the moment of inception, providing the first capital. The firm is committed to helping founders grow with their companies, investing in their personal and professional development with connections, coaching, and community. From university spinouts led by first-time founders to serial entrepreneurs, backing the next generation of big, meaningful companies in Boston. Pillar VC is open to high-potential ventures of any type, with the bulk of our portfolio related to machine intelligence, AI, hardware, enterprise software, blockchain, quantum, digital health, and synthetic biology.

Pillar VC

KdT Ventures is an early-stage venture capital firm that invests in startups in the data, engineering, and biology sector, as well as healthcare technology systems, pharmaceuticals, biotechnology, agriculture, chemicals, gases, and life sciences. The firm was founded in 2017 in Austin, Texas by Cain McClary.

KdT Ventures

UPMC is one of the leading nonprofit health systems in the United States. A $500 billion integrated global health enterprise headquartered in Pittsburgh, Pennsylvania, UPMC develops and delivers Life Changing Medicine by harnessing the power of technology, translating science into cures, and accelerating the pace of innovation worldwide.

UPMC

Union Square Ventures is a private equity and venture capital firm focused on early-stage, growth capital, late-stage, and startup financing. The USV portfolio companies create services that have the potential to fundamentally transform important markets.  It exclusively invests in the internet world, focusing on the applications layer of the web, internet services, and web services that create large networks as well as the mobile sector. Some of its invested companies are based in New York, San Francisco, London, Berlin, and places in between. It typically makes a starting investment in portfolio companies of $1 million. In certain Series Around cases, the firm may make a starting investment between $2.5 million to $3 million. It typically invests up to $20 million in any single company. Union Square Ventures was founded in 2003 and is based in New York, United States.

Union Square Ventures

Wittington Ventures is a venture capital firm investing in the e-commerce/retail, healthcare and food sectors. We invest in companies throughout North America and at all stages of the start-up lifecycle. We are uniquely positioned to help entrepreneurs and their companies through strong affiliations with iconic Canadian brands such as Loblaw, Shoppers Drug Mart, Choice Properties, PC Financial, Joe Fresh and Selfridges Group.

Wittington Ventures

UPMC Enterprises offers smart integration of technology needed to solve the complex problems facing the health care industry. At UPMC Enterprises, they help create health care innovations that will impact the lives of patients in meaningful, lasting ways. To deliver on this promise, they’ve chosen a few focus areas where their insights about health care’s future give us a unique advantage. They’ve built an impressive team with expertise in health care investing that’s second to none. When they choose to work with an entrepreneur, they work side by side with them and provide full access to UPMC’s vast resources. As an organization dedicated to Life Changing Medicine, UPMC has defined a bold mission: to shape the future of health care through innovation. At UPMC Enterprises, they help bring this mission to life by turning innovative ideas into growing, thriving businesses. That’s why they want the best to choose UPMC Enterprises. They wouldn’t have it any other way.

UPMC Enterprises

Whistler Capital Partners is a Nashville-based private equity firm focused on growth equity and growth buyouts in the healthcare industry and related tech-enabled services verticals. With over $1 billion in assets under management, the firm partners with world class leadership teams, supporting them with strategic resources and capital, with a particular focus on deploying or expanding investments in technology-enablement and data-driven opportunities.

Whistler Capital Partners

Spark Capital is an early-stage venture capital firm that invests in exceptional products and the creative individuals behind them. Known for embracing risk and a unique approach, Spark Capital has backed companies like Twitter, Discord, Anthropic, Cruise, Niantic, Oculus, Warby Parker, and Tumblr. Recognizing that there are no set playbooks or formulas for success, the firm supports founders in achieving success on their own terms. Spark Capital invests across all sectors and stages, operating out of San Francisco, Boston, and New York City.

Spark Capital

Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente, is dedicated to forming effective partnerships with innovative companies. Kaiser Permanente Ventures invests predominantly in HCIT and services, as well as diagnostics, drug delivery and therapeutic medical devices.

Kaiser Permanente Ventures

LifePoint Health serves patients, clinicians, communities, and partners across the healthcare continuum. They offer a healthcare delivery network that consists of community hospitals, rehabilitation, and behavioral health hospitals, and additional sites of care. Through its innovation strategy, Lifepoint Forward, the company is crafting meaningful solutions to bolster quality, expand access to care, and enhance value across the Lifepoint footprint and communities nationwide.

LifePoint Health

Mayo Clinic, a not-for-profit medical group practice, provides medical care, research, and education services. It offers medical care services in various specialties, including diabetes and endocrinology, gastroenterology, gynecology, cancer, neurology and neurosurgery, orthopedics, pulmonology, rheumatology, nephrology, urology, and cardiology and heart surgery.

Mayo Clinic

The American College of Cardiology, a 49000-member nonprofit medical society.

American College of Cardiology

UCOP engages in fiscal, business operations, supporting academic & research missions across its campuses, labs and medical centers.

UCOP

CVS Health Ventures is a dedicated corporate venture capital fund that invests in and partners with high-potential, early-stage companies that strive to make health care more accessible, affordable, and better.

CVS Health Ventures

SCAN Group is a mission-driven organization that is tackling issues in health care for older adults. SCAN Group operates SCAN Health Plan, one of the nation’s foremost not-for-profit Medicare Advantage plans, serving more than 270,000 members in California, Healthcare in Action, Welcome Health, myPlace Health and Homebase Medical.

SCAN Group

Redpoint has partnered with visionary founders to create new markets and redefine existing ones since 1999. The firm invests in startups across seed, early, and growth phases. In total, Redpoint manages $4 billion across multiple funds.

Redpoint

Lightspeed Venture Partners is a venture capital firm that engages in consumer, enterprise, technology, and cleantech markets. It focuses on seed, early-stage, later-stage, expansion-stage, start-ups, growth companies, and incubation, and specializes in debt financing for start-ups and growth companies. Lightspeed Venture Partners invests in various sectors that include enterprise, consumer, big data, bitcoin, enterprise technology, cleantech, mobile, internet, financial technology, cloud solutions, e-commerce, storage, media, networking, energy, and software, software-as-a-service, information technology, biotechnology, and social. It mainly invests in countries such as the United States, Europe, Israel, China, and India.

Lightspeed Venture Partners

Mass General Brigham is an integrated healthcare system that offers patients a continuum of coordinated high-quality care.  The system includes primary care and specialty physicians, community hospitals, the two founding academic medical centers, specialty facilities, community health centers, and other health-related entities.  Mass General Brigham was founded in 1994 by Brigham and Women's Hospital and Massachusetts General Hospital.

Mass General Brigham

IVP turns breakout companies into enduring market leaders. With a 40-year record of driving growth and 130+ IPOs, we’ve partnered with over 400 companies including Amplitude, Brex, Coinbase, Crowdstrike, Datadog, Discord, Klarna, Slack, Snap, and Twitter. As trusted allies, IVP helps founders and CEOs meet the challenge of leading a rapidly growing company. Its proven system bolsters functions including those that are sometimes overlooked and partners serve as trusted allies to companies seeking to realize their full potential.

Abridge

Abridge is a medical conversation AI startup that offers an audio-based system to record and summarize medical conversations. It was created for everyone, with a mission to help better understand their health conversations, whether at home or in the hospital.

Abridge is an AI-focused company that provides automated note-taking solutions for healthcare providers. It uses its medical conversation AI, a dataset of 1.5 million medical encounters, and peer-reviewed research to provide this solution. As of August 2022, Abridge has worked with over 2,000 clinicians and 200,000 patients. The company also has several current and upcoming partnerships with healthcare providers across the value chain from payers to pharmacies to Fortune 5 healthcare companies.

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

<div>Abridge is a medical conversation AI startup that offers an audio-based system to record and summarize medical conversations. It was created for everyone, with a mission to help better understand their health conversations, whether at home or in the hospital. It was incorporated in 2018 and is based in Pittsburgh, Pennsylvania.</div>

Simplifying healthcare administration with intuitive tech tools

Hospital Management

Abridge Healthcare develops AI-powered healthcare solutions. Its flagship product is a tool that automates and simplifies clinical documentation by extracting relevant information from patient-clinician conversations. This product enhances medical note-taking, streamlining workflows for healthcare professionals while helping patients better understand their care. By applying natural language processing (NLP) to medical data, Abridge aims to improve clinical documentation efficiency, reduce administrative burdens, and promote patient-centered care.&nbsp;

Exploring the limitless possibilities of AI

Generative AI Applications

Abridge partners with Epic, Mayo Clinic to create a genAI nurse workflow tool

Abridge is an AI-focused company that provides automated note-taking solutions for healthcare providers. It uses its medical conversation AI, a dataset of 1.5 million medical encounters, and peer-reviewed research to provide this solution. As of August 2022, Abridge has worked with over 2,000 clinicians and 200,000 patients. The company also has several current and upcoming partnerships with healthcare providers across the value chain from payers to pharmacies to Fortune 5 healthcare companies. Key customers and partnershipsIn March 2024, Abridge partnered with not-for-profit health system Sutter Health, to implementing Abridge’s AI platform for clinical documentation across Sutter's network in California.In June 2024, Abridge partnered with The University of Vermont Health Network to improve clinician well-being. Through the partnership, Abridge's AI-powered platform was deployed across the university’s health network to generate clinical notes from patient-clinician conversations in real-time. The company noted that the enterprise-wide rollout would initially cover primary care and later expand to specialties like cardiology and endocrinology.Most recently in July 2024, the company partnered with health IT giant Epic and healthcare system Mayo Clinic to create a GenAI documentation platform. The partnership aimed to integrate Abridge's AI transcription and documentation tools into Epic's EHR workflow for Mayo Clinic's nurses. The GenAI tool utilized Abridge's technology to automatically transcribe and summarize conversations between nurses and patients while leveraging Epic's expertise in EHR integration and Mayo Clinic's knowledge of nursing practices. Funding and financialsIn February 2024 Abridge raised USD 150 million in a Series C funding round co-led by Lightspeed Venture Partners and Redpoint Ventures. This brought the company's valuation to around USD 850 million. The raised capital was set aside for recruitment and the acquisition and training of bespoke medical AI models.

<div>
 
 Nice Healthcare is a US based telehealth company with a focus on primary care services to business-to-business (B2B) clients. Once the employer signs its employees with Nice (at a cost of USD 30 to USD 36 per employee per month), employees do not have to incur out of pocket expenses for Nice services and can schedule virtual or home visits within the time frames specified by the company. It connects patients with practitioners through a mobile app over video calls or text messages. Members can also request home visits which will be completed within a few hours, as claimed by the company. As of March 2022, Nice was operating in twelve states, and had over 400 small and medium enterprises (SMEs).
 
 
 In March 2022, the company raised USD 30 million in Series A financing led by DNA Capital which has been earmarked to expand its platform&rsquo;s reach among small and medium businesses. Additionally, the company is hiring three members for its management team to support the continuing growth of the organization.
 
 
 
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Nice Healthcare

Amicomed is a cloud-based Software-as-a-Service (SaaS) platform which provides blood pressure monitoring services. It collects blood pressure data of patients from at-home devices, applies algorithms, and assesses the fluctuations in the blood pressure. Physicians can be connected and provided with blood pressure data of their patients in order to facilitate their workload, enabling more personalized management of patients regarding medication and lifestyle indications.Amicomed can also recommend actionable and personalized lifestyle interventions such as daily diet and exercises via virtual coaching.

Amicomed

Winston is a men’s health telemedicine platform that treats common issues impacting men such as sexual problems, hair loss, acne, and cold sores. Winston allows patients to consult doctors, place orders for prescription drugs, and offers free delivery to the homes of patients.The Toronto-based company aims to avoid men deferring doctor visits or withholding sensitive information. The consultation fee is covered by the provincial health plan, but the prescriptions are billed to the customer.

Winston

Eko Health is a digital health company that has developed an AI-powered platform for detecting heart and lung diseases during routine physical examinations. The company's flagship product, SENSORA, comprises digital stethoscopes integrated with advanced algorithms that can identify structural heart murmurs, low ejection fraction (indicative of heart failure), and atrial fibrillation.
In June 2024, Eko Health raised USD 41 million in a Series D funding round to scale its disease detection platform globally. The company's murmur detection algorithm, cleared by the FDA, was clinically validated in a study at Massachusetts General Hospital, demonstrating a two-fold increase in identifying structural heart murmurs compared to standard practice. Furthermore, Eko's low ejection fraction algorithm, developed in collaboration with Mayo Clinic, significantly improved the detection of heart failure with reduced ejection fraction in a study conducted at Imperial College London.
Eko Health's technology aims to reduce diagnostic bottlenecks and enhance patient outcomes by facilitating early detection of cardiac and pulmonary diseases. With over 500,000 healthcare professionals utilizing its FDA-cleared platform worldwide as of June 2024, the company has established a substantial presence in the market.
In June 2023, Eko Health launched its next-generation digital stethoscope, CORE 500, featuring advanced capabilities such as a full-color display, 3-lead electrocardiogram (ECG), and TrueSound technology for optimal sound filtering. The CORE 500 received FDA 510(k) clearance and seamlessly integrates with the SENSORA platform.
Key customers and partnerships
In November 2023, Eko Health announced a large-scale deployment of its AI-enabled technology through the TRICORDER program, an implementation initiative led by Imperial College London and funded by the National Institute for Health and Care Research (NIHR). The program aims to deploy Eko's technology to 100 General Practitioner (GP) practices across the UK, assisting clinicians in evaluating heart failure, valvular heart disease, and atrial fibrillation.
Additionally, Eko Health has partnered with leading academic institutions such as Massachusetts General Hospital and Mayo Clinic to validate the clinical utility and positive impact of its technology on patient care.

Eko Health

<div>
 
 Dialogue partners with employers and health insurers to offer telehealth services to their employees and members. The users have 24/7 access to doctors, nurses, and other healthcare professionals via audio, video, and chat options for wide arrays of physical and mental health needs, artificial intelligence-enabled (AI-enabled) triage, referrals, and prescription renewals. 
 
 
 The company launched its trademarked Integrated Health Platform in January 2021 to consolidate its virtual care, wellness programs, mental healthcare services, and Employee Assistance Program (EAP) onto a single platform. The company claims to be the only integrated health and wellness B2B platform in Canada. 
 
 
 Key Customers and partnerships
 
 
 Dialogue had direct relationships with over 2,000 customers across Canada and Germany as of December 2020 and served around 50,000 organizations through these partnerships. In addition, the number of members with access to the virtual platform topped 1 million in January 2021. 
 
 
 Fundings and financials
 
 
 As of March 2021, Dialogue was planning to raise CAD 100 million (USD 80 million) from an initial public offering that will be listed on the Toronto Stock Exchange under the ticker symbol &ldquo;CARE.&rdquo; 
 
 
 In Q2 2023, net losses reduced significantly YoY to CAD 5.8 million (USD 4.3 million) from CAD 8.4 million (USD 6.3 million) in Q2 2022. Top-line revenue met internal expectations, growing 17.2% YoY to CAD 25.5 million (USD 19.0 million), driven by &nbsp;an increase in new members (by 18.6% YoY), 
 an expansion of the attach rate as existing customers added more services, and full-quarter contributions from Tictrac.
 
 Dialogue Health has not provided any forward-looking guidance as the company has entered into an agreement to be 
 <a href="https://investors.dialogue.co/English/news/news-details/2023/Dialogue-to-be-Acquired-by-Sun-Life/default.aspx">
 acquired by financial services company Sun Life Financial
 </a>
 for a consideration of CAD 365 million (USD 270 million) or CAD 5.15 (USD 3.82) per share. The transaction is expected to close in Q4 2023. Post acquisition, Dialogue will delist from the Toronto Stock Exchange but will continue to operate as a standalone entity under the &ldquo;Sun Life Canada&rdquo; brand from its head office in Qu&eacute;bec. 
 
 
 
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Dialogue

Real-time collection of patients’ health-related data using any remote patient monitoring device combined with general telemedicine services to reduce readmission rates. 


A platform that facilitates the transmission of patient data to different locations for further evaluation and interpretation by medical specialists. 


A digital platform that offers specialty care services to address the specific needs of a patient or demographic, including consultations where patients are generally reluctant to meet practitioners face-to-face.

Primary care through virtual consultations for general health-related concerns using a digital platform or mobile app. 

Companies developing B2B software solutions for patient engagement, care navigation, practice management, and electronic health records integration to facilitate telehealth services for healthcare providers. 

IoT is used by most telehealth providers to operate virtual services

All telehealth players are involved in digital health via virtual offerings

Industry players offer varying degrees of personalization for each target audience

Some players offer technology and platforms to healthcare providers, converting physical-only services into virtual services

Specific telehealth offerings focus on diversity and inclusion, providing care to LGBTQ+ or BIPOC populations

Generative AI is used to streamline administrative tasks such as clinical note-taking

<div>
 
 Abridge is a medical conversation AI startup that offers an audio-based system to record and summarize medical conversations. It was created for everyone, with a mission to help better understand their health conversations, whether at home or in the hospital. It was incorporated in 2018 and is based in Pittsburgh, Pennsylvania.
 
</div>

<div>
 
 ModMed is transforming healthcare by placing doctors and patients at the center of care through an intelligent, specialty-specific cloud platform. Their specialty-specific, data-driven, and cloud-based electronic health records (EHR) and practice management (PM) systems, plus revenue cycle management (RCM) services, were built by a team including specialty physicians and practice management professionals.
 
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Modernizing Medicine

<div>
 
 Kyruus delivers proven provider search and scheduling solutions that help hospitals and health systems match patients with the providers best suited to care for them. The ProviderMatch suite of solutions&mdash;for consumers, access centers, and referral networks&mdash;enables a consistent patient experience across multiple points of access, while aligning provider supply with patient demand. The company&rsquo;s proprietary provider data management platform forms the foundation of its solutions, powering them with accurate data by coupling data processing with administrative applications. Kyruus was founded in 2010 and is headquartered in Boston, Massachusetts.
 
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Kyruus

<div>
 
 AKASA is an AI-powered automation company for revenue cycle management in healthcare. The company provides hospitals with Unified Automation services, which is a flexible AI-based solution that automates complex operational tasks such as those related to revenue cycle management. Its approach imbues the entire automation process with human judgment and subject matter expertise. Unified Automation operates within a hospital's existing electronic health record (EHR) and revenue cycle infrastructure to reduce errors and improve efficiencies.
 
</div>

AKASA

<div>
 
 XSOLIS is a healthcare technology firm focused on improving healthcare operations through cognitive computing. By aligning cognitive computing behind clinical expertise, we're creating a new framework for decision-making.
 
</div>

XSOLIS

<div>
 
 Suki is an AI-powered, voice-enabled digital assistant for doctors. It was designed to help healthcare organizations with their administrative tasks. Suki helps physicians in dictating notes, retrieving info, and working with EHR. The company was founded in 2017 and is headquartered in Redwood City, California.
 
</div>

Suki

Platforms used by hospitals to manage the various aspects of patient care to improve overall efficiency, such as automating routine tasks, improving communication and coordination among healthcare providers, and enhancing patient outcomes within the hospital setting

Platforms that enable patients to actively participate in their healthcare journey by educating and engaging them, along with improving communication with healthcare providers

Platforms that help healthcare organizations analyze patient data and other performance metrics to improve decision-making and optimize resource allocation

Platforms that are designed to help hospitals and health systems manage their financial operations from patient billing and insurance claims to revenue tracking and analysis

AI-powered software solutions that are designed to help healthcare organizations streamline and automate the process of documenting patient encounters

IoT medical solutions turn traditional hospitals into smart hospitals, allowing them to streamline workflows

AI/ML algorithms optimize workflows, enable predictive modeling, and analyze patient data in healthcare

Offers software platforms that streamline and improve hospital operations

Abridge Healthcare develops AI-powered healthcare solutions. Its flagship product is a tool that automates and simplifies clinical documentation by extracting relevant information from patient-clinician conversations. This product enhances medical note-taking, streamlining workflows for healthcare professionals while helping patients better understand their care. By applying natural language processing (NLP) to medical data, Abridge aims to improve clinical documentation efficiency, reduce administrative burdens, and promote patient-centered care.&nbsp; This also encompasses the "Linked Evidence" feature, which correlates AI-generated summaries with the original data, improving trust and verification of the output. Key customers and partnerships Abridge has fortified its presence in the healthcare sector through a partnership with Yale New Haven Health System, aiming to deploy its AI technology for clinical documentation across the system's network. As of May 2024, its other customers included <a href="https://sp-edge.com/updates/27571">UCI Health</a>, Emory Healthcare, Sutter Health, Memorial Care, and University of Kansas Health System.&nbsp; .&nbsp; In March 2024, Abridge partnered with<a href="https://sp-edge.com/updates/27751"> NVIDIA</a> for resources and expertise to develop AI systems for clinical documentation and improve medical care. Funding and financials Abridge raised <a href="https://sp-edge.com/updates/26939">USD 150 million</a> in a Series C funding led by Lightspeed Venture Partners and Redpoint Ventures in February 2024 to develop foundational models by leveraging large volumes of multimodal healthcare data. In March 2024, it received an undisclosed amount from NVentures, NVIDIA's venture capital division.

Forethought offers a unified customer support platform based on generative AI. Its primary product is “SupportGPT,” a conversational AI chatbot that can build workflows, resolve queries, assist human agents, and fill knowledge gaps. The company targets ecommerce, FinTech, SaaS, and travel business areas.&nbsp;Forethought’s solutions include:1) Solve: A generative AI chatbot that independently handles simple but repetitive customer service tickets. The AI automatically analyzes historical customer service logs and knowledge documents to generate responses.&nbsp;2) Assist: Assists human agents by automatically generating responses to end users based on conversation history, provides context by analyzing past tickets, and draws on&nbsp; knowledge articles to help resolve queries.3) Triage: Analyzes ticket details and historical data to prioritize and route tickets to the correct agents4) Discover: Analyzes customer service history to generate new knowledge articles or recommend new workflows where gaps existForethought also offers a platform called “SupportGPT Playground,” which allows customers to train and experiment with SupportGPT using their own data. In September 2023, the company launched Autoflows that uses natural language prompts to undertake a series of tasks in order to automate customer service interactions.&nbsp;As of April 2024, Forethought’s solutions were available for integration on several customer service platforms, including Zendesk, Salesforce, ServiceNow, Freshdesk, Dialpad, Hubspot, AWS, and Talkdesk.The platform leverages <a href="https://sp-edge.com/companies/362567">OpenAI</a>’s large language models (LLMs), using the same technology as ChatGPT, along with its own algorithms to limit the data that the AI model can access. This reduces the possibility of completely incorrect responses (hallucinations)—a documented issue with unconstrained LLMs such as ChatGPT. It does this by using the algorithms to generate a query that is submitted to the large AI model as a guide, which allows responses to be more specific to a customer’s workflow.Key customers and partnershipsAt its launch in March 2023, its customers included Kickfin and Upwork. As of April 2024, Forethought’s customers included Lime, iFIT, Achievers, Q4 Inc., Etekcity, Beeline, Uncommon Goods, Spoonflower, Kajabi, PDQ, Desire2Learn, and Thumbtack.In December 2021, Forethought partnered with academic research center Mila to conduct further research in AI and ML fields to enhance customer experience. Funding and FinancialsIn December 2021, Forethought raised USD 65 million in a Series C funding round led by Steadfast Capital to accelerate growth. Total raised funding stood at USD 92 million as of April 2023. In 2021, the company reported an increase in annual recurring revenue (ARR) by 5x.&nbsp;

Forethought

Got It AI has developed a ChatGPT-like conversational chatbot for enterprise Q&amp;A applications. Its solutions include:1)&nbsp; CX Autopilot: A virtual agent solution that analyzes an organization’s customer service articles or external knowledge sources to provide accurate conversational support in customer service and employee workflow applications&nbsp;2) AutoFlows: A tool that helps analyze customer service voice, chat logs and other data to identify the dialogue paths in a given workflow and build them into a virtual agent. AutoFlows requires no code; integration with customer systems is assisted by a human team3) Hallucination Manager:&nbsp; A tool that can identify if an AI is “hallucinating,” a common issue with large language models (LLMs) causing incorrect response generation. Truth Checker is able to detect when a response generated for a customer query is irrelevant or entirely incorrect, preventing the response from being delivered to the user and providing links to knowledge articles, if so.&nbsp;For customers unwilling to use a large open-source LLM via an API or those that are unable to operate an expensive LLM on-premises, Got It offers its own proprietary Enterprise Language Model Architecture (ELMAR). Launched in March 2023, ELMAR is smaller than models like GPT-3 and can be run on readily available hardware. Combined with input scanning and Truth Checker AI, ELMAR is able to match larger models for accuracy in narrower enterprise workflows, such as customer Q&amp;A.Key customers and partnershipsGot It AI’s customers included crowdfunding website Indiegogo and baby care product brand Frida (June 2022).In October 2023, Got It AI partnered with <a href="https://sp-edge.com/updates/22708">NVIDIA</a> AI Solutions to integrate its ELMAR platform with NVIDIA's AI technologies.Funding and financialsGot It AI has raised a total of USD 22.5 million in funding as of April 2023 across several rounds and emerged from stealth in June 2022. Got It AI’s co-founder and venture capitalist Peter Relan has participated in several of the firm’s funding rounds.

Got It AI

Persado is a “motivation” platform generating marketing content using machine learning. The platform recognizes different customers based on their reactions to language and uses those insights to generate personalized content that engages across all channels (web, email, ads, etc.) Persado’s use cases include:1) Personalization: Identifying what content will motivate each customer to generate personalized messaging across all marketing channels2) Acquisition: Using personalized messaging for higher conversion rates in customer acquisition campaigns3) Onboarding: Personalizing content for each individual and engaging customers from the day of acquisition4) Retention: Keeping customers engaged using personalized messaging for renewals, loyalty programs, and upgrades5) Pre-collections: Promoting on-time payments using encouraging language and providing clear instructions6) Customer service: Encouraging customers to follow self-service promptsIn August 2023, Persado launched <a href="https://sp-edge.com/updates/21089">“Essential Motivation”, </a>to help marketers create emotionally resonant messages, to drive customer engagement and conversion rates. The company unveiled <a href="https://sp-edge.com/updates/27700">new features </a>to this in March 2024, including new product descriptions, segment personalization, brand alignment scores, and web copy optimization, aimed at improving marketing content effectiveness.The Persado platform, based on a proprietary language model, uses a large consumer behavior database of historical interactions (1.2 billion consumers and over 100 billion interactions as of April 2024) to determine what qualities of a message appeal to consumers. Given a set of keywords as input, it leverages deep-learning transformer models to generate messages that are most likely to bring conversions, ensuring the content is in line with a customer’s brand using specially trained language models.Over time, Persado uses machine-learning experimentation and decision-making to identify how messages cause each consumer to behave, enabling additional personalization for each future communication. The platform can also directly integrate with customer data platforms (CDPs) to leverage consumer language profiles.Persado also integrates with common marketing tools to fit into marketing teams’ workflows, providing detailed dashboards and analytics to visualize the impact of each piece of content.The company claims that its solution can increase ecommerce revenue by 3%–5%.Key customers and partnershipsPersado partnered with digital journey continuity platform Namogoo in May 2023, integrating its dynamic motivation platform with Namogoo’s customer intent and segmentation database to allow ecommerce stores to dynamically adapt their messaging for individual customers. In March 2024, it partnered with <a href="https://sp-edge.com/updates/27701">Bounteous x Accolite </a>to leverage Persado's language knowledge base and GenAI tools to enhance commerce and marketing experiences across diverse sectors.Persado’s customers as of April 2023 include Vanguard Group, Marks &amp; Spencer, Chase Bank, Emirates NBD, and Vodafone.

Persado

Founded in 2022, SellScale is a GenAI-driven sales and marketing outbound platform that streamlines sales communication, which originated during the founders' work on the <a href="https://www.dailydropout.fyi">DailyDropout.FYI</a> newsletter. This led to SellScale’s evolution into a comprehensive solution, where sales development representatives (SDRs) utilize it to train GPT-3 and other language models using their top-performing outbound emails. It then customizes these emails using data from CRMs and 40+ (December 2022) data sources, including social media, RSS feeds, and articles. The platform optimizes sales workflows by prioritizing prospects, streamlining follow-ups, enabling multi-threaded engagement (generating leads from multiple contacts), and automating scheduling. It also integrates with tools like Gmail, Outreach.io, Apollo, LinkedIn, and Zapier, as well as CRMs like HubSpot and Salesforce, to improve workflow efficiency.The platform claims to execute speed-to-lead processes within minutes, compared to the industry standard of 2.75 days.Key customers and partnershipsThe firm's solutions are specialized for SDRs across healthcare, FinTech, technology, and business consulting, where the firm offers specialized targeting and playbooks for the respective industries by leveraging industry-specific data. As of April 2024, its customers included Worley, Bruinen, Videra Health, and NewtonX.

SellScale

DeckRobot is a platform compatible with Microsoft PowerPoint that leverages AI to transform raw slides into enterprise-ready presentations. DeckRobot AI transforms draft slides into professional, on-brand slides by adapting graphics from a vast library of slide examples. Users can apply an unlimited number of styles to any slide deck, including old documents, client materials, or web-sourced slides.&nbsp; DeckRobot offers enhancements for individual slides, such as adding approved icons and images, object alignment, slide resizing, and text validation through AI checks. DeckRobot's plugin acts as a time-saving tool for PowerPoint users, reducing manual work and potentially saving up to 80% of working time. The plugin emphasizes creating visually appealing presentations that adhere to company brand guidelines while maintaining content quality.&nbsp; Key customers and partnerships&nbsp; As of April 2024, the company reportedly worked with 70% of the largest consulting and audit companies. .

DeckRobot

Companies that offer solutions to generate personalized marketing content including blogs, social media posts, ads, emails, website landing pages, product descriptions for ecommerce optimization, and other content for marketing campaigns.

Companies that offer solutions to generate 3D designs and digital assets (including product prototypes, artwork, novels, and interior spaces) from text prompts or uploaded images.

Companies that offer solutions to improve business processes including task automation, facilitating employee training, making resources available for employees to improve knowledge, and providing information to better respond to customer queries efficiently. Also includes solutions targeting customer analysis and strategy formulation.

Companies that provide personalized learning experiences for users to improve language skills, literacy, critical thinking, and writing skills; companies that extract data to compile and summarize research documents and podcasts as well as those that offer information gathering and analysis solutions for finance/investments.

Companies that offer AI solutions to create music, movies, and online games.

Companies that offer natural language conversational chatbots providing answers for queries instead of links.

Companies that use AI to generate code in any programming language based on human language description. Also includes companies that can generate synthetic data based on the information available (like text, images, and video data) to facilitate better data analytics and develop accurate machine learning models with synthetic training data.

Generative AI applications are built on foundation models that are trained using advanced ML models

The technology allows the creation of digital avatars and virtual games

All companies within the space offer a product or service based on generative AI

The technology allows the creation of personalized content

Some applications leverage NLP to train models to process and respond to language-based prompts

Generative AI applications are built on in-house or third-party foundation models

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

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 An AI-based medical documentation firm, Abridge, is partnering with Epic, a major player in health IT, and Mayo Clinic, a healthcare system. They are collaborating to develop a documentation platform called GenAI.
 This collaboration seeks to implement Abridge's AI transcription and documentation technologies into the EHR workflow of Epic for Mayo Clinic nurses. The GenAI tool will leverage the tech of Abridge to autonomously transcribe and summarize dialogues between patients and nurses. It will also draw on Epic's EHR integration proficiency and the nursing expertise of the Mayo Clinic. The aim of this initiative is to streamline the process of documentation, improve productivity, and allot more time for nurses to provide patient care.

</div> Analyst QuickTake: 
 This marks the third healthcare provider Abridge has partnered with in 2024. In <a href="https: 
//sp-edge.com/updates/27948"> March </a> , Abridge partnered with Sutter Health to implement Abridge's AI platform for clinical documentation across Sutter Health’s network in California. In <a href="https: 
//sp-edge.com/updates/31409"> June </a> , Abridge partnered with The University of Vermont Health Network to deploy Abridge's AI-powered platform across the university’s health network to generate clinical notes.

Abridge partners with Epic and Mayo Clinic for GenAI nurse workflow tool

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NVIDIA

Abridge enters a collaboration with NVIDIA to utilize NVIDIA’s compute resources, foundation models, and expertise in efficiently deploying AI systems at scale to bolster Abridge’s mission to improve clinician and patient lives through technologies powered by generative AI.

Abridge

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